Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, October 3, 2014

Article Excerpt

ATLANTIC TELE-NETWORK, $55.15, symbol ATNI on Nasdaq, is raising its quarterly dividend by 7.4%, to $0.29 a share from $0.27, with the October 10, 2014, payment. The stock now yields 2.1%. Atlantic closed the sale of its Alltel wireless business to AT&T (symbol T on New York) late last year. It now holds cash of $407.6 million, or $24.64 a share, and has paid off its $271.1 million of debt. The company could use its high cash balance to make acquisitions or expand its remaining operations. It could also make further dividend increases or pay special dividends. Meanwhile, the stock trades at a high 26.3 times the $2.10 a share that Atlantic is forecast to earn this year. Atlantic Tele-Network is a hold. Atlantic Tele-Network was recently covered in the September 2014 issue of Stock Pickers Digest. Click here to access it. Atlantic Tele-Network was recently covered in the Stock Pickers Digest Hotline for August 1, 2014. Click here to access it. ADOBE SYSTEMS INC., $68.40,…