Thank you, Mike for a concise analysis of ANTC and its business.
I just want to add, that TCI is the 20% owner of ANTC. And there are only 142 stockholders. It looks like the trendlines are converging to a point. This means almost as if this stock is basing around $40. Long term stockholders such as ourselves, will not be selling; but traditionally, the insiders might sell some stock options. I have to confess that I did not study the average cost of all stock options currently available.
On the other hand, AT&T parent is in the process of fighting for a larger market share on long distance. Customers lost earlier are offered $40 to sign up again plus 5cent/minute plan. I am always amazed by the size of the promotional war chest of all long distance companies totaling $300 million to be given away each year. In the end, whoever switched got a few dollars back. The loyal customers stayed ignorant. The market share always remains the same.
Cable telephone technology will change as we speak. Broad bandwidth technology will change to the point of predicting what cable telephone system will end up with. So, we all have to watch and wait and see G3, ultra dense wavelength division multiplexers, satellite transmission frequencies, and fixed wireless frequencies, the way they develop.
Good luck on your investments. ANTC is in wavelength division, it is pretty safe with world wide fiber optical installations the way it is. Cable telephone looks like will be on the internet, local to local, local to long distance. |
