Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Equity Bottom-Up

<ul>
<li>ATNI reiterated its entry into the era of generating free cash flow after spending the last several years building out its fiber network</li>
<li>ATNI reported fourth quarter results that showed services revenue rising sequentially. An increase in subscribers is the source for the success</li>
<li>To grow revenue and generate free cash flow, ATNI has expanded its broadband network to approximately 769 thousand homes passed with 367 thousand of these homes having high-speed data</li>
</ul>


ATNI reiterated its entry into the era of generating free cash flow after spending the last several years building out its fiber network
ATNI reported fourth quarter results that showed services revenue rising sequentially. An increase in subscribers is the source for the success
To grow revenue and generate free cash flow, ATNI has expanded its broadband network to approximately 769 thousand homes passed with 367 thousand of these homes having high-speed data


<ul>
<li>ATNI is getting set to undergo management change right when the Company was to begin harvesting cash flow from several years of capital expenditures</li>
<li>In 2024, CEO would move to Executive Chairman and the CFO plans to retire. In their place, ATNI has named Brad Martin as CEO and Carlos Doglioli as CFO</li>
<li>Current COO has overseen the investment in Alaska and other markets ATNI has been placing fiber lines in an attempt to thwart competition before there was a severe pricing pressure</li>
</ul>


ATNI is getting set to undergo management change right when the Company was to begin harvesting cash flow from several years of capital expenditures
In 2024, CEO would move to Executive Chairman and the CFO plans to retire. In their place, ATNI has named Brad Martin as CEO and Carlos Doglioli as CFO
Current COO has overseen the investment in Alaska and other markets ATNI has been placing fiber lines in an attempt to thwart competition before there was a severe pricing pressure


<ul>
<li>ATNI is benefiting from its capital expenditure investments through an increase in revenue and adjusted EBITDA, but it has come with the price of higher interest expense</li>
<li>ATNI reported third quarter results showing subscriber growth in each of its markets, but that was not enough to mend the cost of capital that has increased this year</li>
<li>ATNI is now projecting 2024 capital expenditures to decline materially in what could result in improving ATNI’s debt balance over the next four quarters</li>
</ul>


ATNI is benefiting from its capital expenditure investments through an increase in revenue and adjusted EBITDA, but it has come with the price of higher interest expense
ATNI reported third quarter results showing subscriber growth in each of its markets, but that was not enough to mend the cost of capital that has increased this year
ATNI is now projecting 2024 capital expenditures to decline materially in what could result in improving ATNI’s debt balance over the next four quarters


<ul>
<li>ATNI is in the last stretch of its capital expenditure spending plan and subscriber count is beginning to support the larger and faster network</li>
<li>ATNI has grown the number of high-speed broadband and mobile customers, which is fueling the efficiency in the operating model.</li>
<li>The transition away from wholesale wireless roaming to network management should further improve the operating structure of the business.</li>
</ul>


ATNI is in the last stretch of its capital expenditure spending plan and subscriber count is beginning to support the larger and faster network
ATNI has grown the number of high-speed broadband and mobile customers, which is fueling the efficiency in the operating model.
The transition away from wholesale wireless roaming to network management should further improve the operating structure of the business.


<ul>
<li>ATNI started its first quarter earnings call with a tease that is likely to receive investor praise once officially announced. ATNI is finalizing a carrier service agreement </li>
<li>ATNI already has a carrier service agreement with AT&amp;T (T) where ATNI has been building wireless towers for FirstNet</li>
<li>During the first quarter ATNI added more broadband and mobile customers within each of its business segments.</li>
</ul>


ATNI started its first quarter earnings call with a tease that is likely to receive investor praise once officially announced. ATNI is finalizing a carrier service agreement 
ATNI already has a carrier service agreement with AT&amp;T (T) where ATNI has been building wireless towers for FirstNet
During the first quarter ATNI added more broadband and mobile customers within each of its business segments.


United States

ATN International, Inc. provides telecommunications services to rural, niche, and other under-served markets and geographies.  The Company, through subsidiaries, provides both wireless and wireline connectivity to residential and business customers. ATN International also provides a range of mobile wireless solutions, local exchange services and broadband internet services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

ATN International (ATNI US)

ATNI: The Free Cash Flow Story Begins

ATNI had previously published its 2024 adjusted EBITDA guidance with Q3 2023 numbers. There was no difference in the guidance other than ATNI...

BWS Financial Inc

ATNI: Changing from the Top

Both the CEO and CFO would step down in 2024. The change is not a surprise for us, but the timing is. ATNI is expected to begin harvesting cash...

BWS Financial Inc

ATNI: Turning Away from Debt

ATNI Company has continued to grow the number of subscribers on its fiber and wireless networks. However, debt has continued to increase due to...

BWS Financial Inc

ATNI: Leveraging the Network

Subscriber growth is enabling ATNI to generate adjusted EBITDA that should lead to positive free cash flow by the end of 2024 as the capital...

BWS Financial Inc

ATNI: The Catalyst of a Tease

ATNI continues to experience success in adding broadband and mobile subscribers in its markets. The growth in adjusted EBITDA this year should lead...

BWS Financial Inc

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)