Topic: How To Invest

Stock Pickers Digest Hotline – Friday, September 22, 2017

Article Excerpt

ATN INTERNATIONAL INC., $50.75, symbol ATNI on Nasdaq, (formerly Atlantic Tele-Network) operates in two main areas: its communications business provides fixed and wireless voice, data and video services in Bermuda, the Caribbean and underserved markets in the U.S; its renewables business generates solar power in a number of U.S. states as well as India. ATN will cut its quarterly dividend by 50% with the October 2017 payment, to $0.17 from $0.34. The shares now yield 1.3%, down from 2.7%. The company could afford to keep paying its dividend, and its balance sheet is strong: it holds cash of $279.0 million, or $17.33 a share. It also has low debt. However, ATN plans to use the savings to invest in growth projects as well as for acquisitions. It also plans to continue to buy back shares. The company’s expansion will likely include adding to its renewable power business. That would improve its diversification, but moving deeper into markets outside its telecom expertise also adds risk…