new ulm telecom inc (NULM:OTC US)
new ulm telecom inc (NULM) Snapshot
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Open
$6.25
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Previous Close
$6.25
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Day High
$6.25
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Day Low
$6.25
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52 Week High
08/28/12 - $7.25
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52 Week Low
06/4/12 - $5.56
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Market Cap
31.9M
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Average Volume 10 Days
75.7
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EPS TTM
$0.63
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Shares Outstanding
5.1M
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EX-Date
05/8/13
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P/E TM
9.9x
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Dividend
$0.34
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Dividend Yield
5.32%
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Related News
new ulm telecom inc (NULM) Related Businessweek News
No Related Businessweek News Foundnew ulm telecom inc (NULM) Details
New Ulm Telecom, Inc., a diversified communications company, engages in the operation of local telephone companies or incumbent local exchange carriers (ILECs) in the United States. The company connects customers to its telephone network; provides switched service and dedicated private lines; connects customers to long distance service providers; and offers other services associated with ILECs. It provides local telephone service and network access to other telecommunications carriers for calls originated or terminated on its network; cable television services; and Internet access services, including dial-up and high-speed broadband access, and long distance services, as well as installs and maintains telephone systems to the areas in and around ILEC service territories in Southern Minnesota and Northern Iowa. In addition, the company offers retail sales and service of cellular phones and accessories; and resells wireless products and services under the TechTrends Wireless brand; sells wireless phones and accessories; and provides directory publishing, sales and service of customer premise equipment, bill processing, and add/move/change services. As of December 31, 2012, it served approximately 30,300 access lines in the Minnesota communities of Bellechester, Courtland, Evan, Goodhue, Hanska, Hutchinson, Klossner, Litchfield, Mazeppa, New Ulm, Redwood Falls, Sanborn, Searles, Sleepy Eye, Springfield, and White Rock, as well as the rural areas of Blue Earth, Brown, Goodhue, McLeod, Meeker, Nicollet, Redwood, and Wabasha counties in Minnesota. New Ulm Telecom, Inc. was founded in 1905 and is headquartered in New Ulm, Minnesota.
new ulm telecom inc (NULM) Top Compensated Officers
new ulm telecom inc (NULM) Key Developments
New ULM Telecom Inc. announced that at its annual general meeting to be held on May 30, 2013, the company proposed the amendments and restatements to the company’s articles of incorporation (articles).
New ULM Telecom Inc. entered into several agreements with CoBank to increase the size of its loan to $4.5 million. The company anticipated that it would borrow about $3.1 million to pay debt associated with the spinoff of Hector Communications Corp. among its three owners and New Ulm's subsequent receipt of Sleepy Eye Telephone Co. It increased the loan amount to accommodate additional working capital needs. The company will use the proceeds of the note to finance the acquisition of the outstanding equity interest of Sleepy Eye, repay the Hector indebtedness to CoBank related to Sleepy Eye and pay other fees and expenses associated with the spinoff. The initial interest rate on the note will be approximately 3.44%. New Ulm will repay the loan beginning June 30, 2013, in consecutive quarterly principal payments of $225,000, with the balance of the loan due Dec. 31, 2014.
New ULM Telecom Inc.’s common stock has been deleted from OTC Bulletin Board (OTCBB) effective July 23, 2012 on account of its ineligibility for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.
| Recently Viewed | |||
| NULM:US | $6.25 USD | 0.00 | |
| Company | Last | Change |
| Comcast Corp | $42.64 USD | -0.23 |
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Industry Analysis
NULM
Industry Average
| Valuation | NULM | Industry Range |
| Price/Earnings | 9.9x |
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| Price/Sales | 0.9x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 2.7x |
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| TEV/Sales | NM | Not Meaningful |
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- New York, NY |Posted: May 17
- San Francisco, CA | YelpPosted: May 02
- San Francisco, CA | YelpPosted: May 02
- New York, NY | New York UniversityPosted: Apr 19
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To contact NEW ULM TELECOM INC, please visit www.newulmtel.net. Company data is provided by Capital IQ. Please use this form to report any data issues.
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