Two U.S growth stocks with gains ahead

Article Excerpt

ATLANTIC TELE-NETWORK $38.99 (Nasdaq symbol ATNI; TSINetwork Rating: Speculative) (340-777-8000; www.atni.com; Shares outstanding: 15.4 million; Market cap: $600.2 million; Dividend yield: 2.3%) provides telecommunications services to rural and other underserved markets in the U.S., Bermuda and Caribbean. In April 2010, Atlantic bought over 800,000 wireless accounts from Verizon Wireless for $200 million. The subscribers were mostly in rural areas of Georgia, Illinois, Ohio Idaho, and North and South Carolina. Atlantic also owns an 80% stake in Guyana Telephone and Telegraph Company (GT&T), as well as wireless interests in the Caribbean and Bermuda. In the three months ended March 31, 2011, Atlantic’s revenue jumped to $188.2 million from $54.8 million a year earlier. The rise came from the new Verizon accounts. Earnings rose 12.3%, to $4.5 million, or $0.29 a share, from $4 million, or $0.26 a share. Atlantic now poised for gains Atlantic has had difficulty integrating the Verizon accounts. Its total subscribers dropped 18.5%, from 827,379 on April 30, 2010, to 674,080 at the end…