Wednesday, June 10, 2009

Morning movers (ATNI)

AlphaNinja - Atlantic Tele-Network(ATNI) is up massively on a truly "transformational" deal. They're paying $200million for 800,000 wireless clients of AT&T. A Raymond James analyst points out that this equates to a price-per subscriber of less than $250, versus $1,567 AT&T paid Alltel in a similar recent transaction. The RJ analyst's 2010 revenue estimate increases to $805m from $225m, and EPS from $2.25 to $5.83. The stock is up huge to $37, but you do the math - on $5.83 of earnings, that's a low PE(price-to-earnings) multiple.

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