Atlantic Tele-Network Inc. is a NASDAQ listed security that has been trading in a range between $16.84 and $31.99 over the past year. With 15,190,460 shares outstanding, a recent price of $27.47 gives a total market capitalization of $418,497,161. While there are certainly larger companies, Atlantic Tele-Network Inc. has definitely earned its place in the pack. Last year, Atlantic Tele-Network Inc. created $1.88 in earnings for every share outstanding.
Atlantic Tele-Network Inc. is currently priced by the market at 15.10 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, Atlantic Tele-Network Inc. could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
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