Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, March 27, 2015

Article Excerpt

PLEASE NOTE: Due to the Good Friday holiday, our next Hotline will go out on Thursday, April 2, 2015. ATLANTIC TELE-NETWORK, $70.37, symbol ATNI on Nasdaq, owns wireless and wireline telecom operations in the U.S. Southwest, New England, New York State, Guyana, Bermuda and parts of the Caribbean islands. The company continues to improve its technology and expand its wireless capacity and coverage. That’s paying off as customers use more mobile data for profitable services like music downloads, mobile gaming and e-books. As well, Atlantic recently entered the solar energy market by acquiring 28 solar farms in Massachusetts, California and New Jersey. The company paid $103 million for these assets ($64 million in cash and the assumption of $39 million of debt). Before the purchase, Atlantic held cash of $395.6 million, or $24.87 a share, and had no debt, so it could easily afford this purchase. In the three months ended December 31, 2014, the company’s revenue rose 14.9%, to $88.5 million from $77.0 million…