Low P/E buys with good dividend yields

Article Excerpt

ATLANTIC TELE-NETWORK $18.61 (Nasdaq symbol ATNI; SI Rating: Speculative) (340-777-8000; www.atni.com; Shares outstanding: 15.2 million; Market cap: $282.9 million) gets 57% of its revenue from its 80% interest in Guyana Telephone and Telegraph Company (GT&T). The rest comes from its wireless interests in the Caribbean and its expanding telecom interests in the United States. GT&T is the sole local, long distance and international telephone service provider in Guyana, on the northeast coast of South America. Atlantic also owns Choice Communications, which offers wireless services in the U.S. Virgin Islands. Atlantic’s other interests in the Caribbean include 58% of Bermuda’s largest provider of cellular voice and data services. Atlantic continues to expand in the U.S. through Commnet Wireless, which provides voice and data wireless roaming services for U.S. and international carriers in rural areas in the United States. As well, its SoVerNet subsidiary provides wireline voice and data services to businesses and homes in New England. In the three months ended September 30, 2008,…