ATEX

Anterix Inc

TMT


Presented:06/11/2020
Price:$51.87
Cap:$0.89B
Current Price:$32.78
Cap:$0.61B

Presented

Date06/11/2020
Price$51.87
Market Cap$0.89B
Ent Value$0.66B
P/E RatioN/A
Book Value$14.26
Div Yield0%
Shares O/S17.21M
Ave Daily Vol181,282
Short Int7.95%

Current

Price$32.78
Market Cap$0.61B
Anterix, Inc., doing business as Anterix, is a wireless communications company, which engages in the spectrum assets to enable targeted critical infrastructure and enterprise customers to deploy private broadband networks, technologies, and solutions. Its products include teamconnect, pdvconnect, and diga-talk plus application. The company was founded by Peter Joel Lasensky and Richard Edward Rohmann in 1997 and is headquartered in Woodland Park, NJ.

Publicly traded companies mentioned herein: Ameren Corporation (AEE), Anterix Inc (ATEX), T-Mobile US Inc (TMUS), United Parcel Service Inc (UPS), Verizon Communications Inc (VZ)

Highlights

The presenter is long shares of Anterix Inc (ATEX) and believes it's timely now that the FCC has voted unanimously to adopt a Report and Order (R&O), “Transitioning the 900 MHz Band to Enable Broadband Deployment.” The ruling was highly favorable to ATEX’s strategy and positioning. Now that the event has been derisked, the company just needs to execute on the market opportunity. In May 2019, the company provided its 5 - 10 year revenue outlook, in which management outlined projected revenue of $150MM in FY2024 (FY2024 ends March 31, 2024). Applying a 20x multiple to that revenue base and discounting it back leads the presenter to believe the stock should be at least a double from its current price of ~$50 per share. 

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Idea Discussion

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