Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Investors hung up on shares of Atlantic Tele-Network
So what: As part of Verizon's
Now what: The question facing investors is whether they should give the company time to get the newly acquired Alltel assets under control. Management says that the "transition" period will last through the second quarter of this year and that results will look better at that point. I couldn't blame investors for being discouraged though, since they've had to watch the subscriber count from the Alltel acquisition drop by more than 100,000 since the beginning of the June quarter.
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