ALSK

Alaska Communications Systems

NASDAQ

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ALSK

Alaska Communications Systems

NASDAQ

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tedkov

11/04/20 8:43 AM

Post #406

Alaska Shareholders Upset Over Merger Bid (Seek to file Lawsuit)- (via Business Journal)
November 4, 2020
Tags: United States Alaska Macquarie GCM Corporate Affairs Mergers & Acquisitions

A group of Alaska Communications Systems shareholders are attempting to block the $300 million purchase of the company by Macquarie Capital and GCM Grosvenor. Under terms of the definitive merger agreement, Macquarie and GCM, will acquire the outstanding shares in the company for $3.00 per share.

The deal would represent a hefty premium of approximately 57% to the preceding day. The deal is slated to close next year, pending approval by regulators and a majority of Alaska shareholders.

The shareholders allege that the purchase price of $3.00 per share is insufficient in light of the company's growth prospects and that deal-protection clauses in the merger agreement preclude other companies from submitting successful competing offers. Indeed, the book value alone of the company is worth $3.17 per share and the company has over $45 million of cash on its books (or $0.83) which the buyers will use to offset the sale. In addition, shareholders allege that senior management of Alaska obtained personal benefits for their own self interests in agreeing to sell the company at that price that are not being shared with common stockholders.

Alaska investor relations did not immediately respond to requests for a comment.

To contact the law firm on behalf of shareholders of Alaska for more information as to how you can participate with other shareholders in seeking a higher price at no cost or expense can call toll free 800.511.7037.

All rights reserved

whytestocks Free

11/03/20 7:00 PM

Post #405

NEWS: $ALSK ALASKA COMMUNICATIONS ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of ALSK and Encourages Investors to Contact the Firm

NEW YORK, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) breached their fiduciary duties or viola...

Got this from ALSK - ALASKA COMMUNICATIONS ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of ALSK and Encourages Investors to Contact the Firm

whytestocks Free

11/03/20 1:15 PM

Post #404

Just In: $ALSK ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Alaska Communications Systems Group, Inc.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Alaska Communications Systems Group, Inc. PR Newswire NEW YORK, Nov. 3, 2020 NEW YORK , Nov. 3, 2020 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by A...

In case you are interested ALSK - ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Alaska Communications Systems Group, Inc.

whytestocks Free

11/03/20 10:15 AM

Post #403

NEWS: $ALSK (ALSK) Alert: Johnson Fistel Investigates Proposed Sale of Alaska Communications; Is $3 a Fair Price?

(ALSK) Alert: Johnson Fistel Investigates Proposed Sale of Alaska Communications; Is $3 a Fair Price? PR Newswire SAN DIEGO, Nov. 3, 2020 SAN DIEGO , Nov. 3, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation in...

Find out more ALSK - (ALSK) Alert: Johnson Fistel Investigates Proposed Sale of Alaska Communications; Is $3 a Fair Price?

whytestocks Free

11/03/20 10:00 AM

Post #402

JUST IN: $ALSK Alaska Communications Announces Definitive Agreement to Be Acquired by Macquarie Capital and GCM Grosvenor in $300 Million Transaction

-Conference Call on November 5 th to Discuss the Transaction and the Third Quarter 2020 Results- Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) (“Alaska Communications” or the “Company”), together with Macquarie Capital (“Macq...

Find out more ALSK - Alaska Communications Announces Definitive Agreement to Be Acquired by Macquarie Capital and GCM Grosvenor in $300 Million Transaction

bigbut

09/10/20 7:59 AM

Post #401

I may get back in for another swing - and will mark if and when I do

bigbut

08/16/20 9:22 PM

Post #400

Re: #399: @bigbut - Close at 2.58 my target is 2.92 for

I exited this at about 2.65

bigbut

05/23/20 3:42 PM

Post #399

Close at 2.58 my target is 2.92 for now. Then I expect to see a new base form

bigbut

05/22/20 12:59 PM

Post #398

Crazy
Got in at 2.02 and we are blowing by 2.50

bigbut

05/06/20 5:42 PM

Post #397

This should do well
I got in last Friday at 2.02

Lazarus

01/02/20 2:44 PM

Post #396

Recent insider buy

adding more today.

Tower of Hanoi Free

12/14/19 4:22 PM

Post #395

Nice pullback, going in......

MY OPINION ONLY. I AM A SHORT TERM TRADER, DO YOUR OWN DD!

whytestocks Free

06/14/19 11:20 AM

Post #394

News: $ALSK Alaska Communications Announces CEO Transition

- Anand Vadapalli to Depart June 30 - - William H. Bishop COO to Act as Interim CEO - Alaska Communications (NASDAQ: ALSK), the state’s leading broadband and managed IT services provider, today announced CEO Anand Vadapalli will depart the company on June 30, 2019. Eff...

Got this from https://marketwirenews.com/news-releases/alaska-communications-announces-ceo-transition-8358106.html

Fres

02/14/19 10:04 PM

Post #393

1.75 ill jump on!!

Lazarus

01/30/19 2:06 PM

Post #392

Re: #391: @Lazarus - I've added down here. I think ALSK

Well, I always like it when I come to a board where I've been accumulating shares and find it empty.

Anybody notice that the company is finally making money?

It's gonna be a rocket!

IF I BUY IT, THEY WILL COME.

Lazarus

05/08/18 3:46 PM

Post #391

I've added down here. I think ALSK will begin to make a slow steady climb from here. I speculate that rising oil prices should be bullish for the Alaskan economy.

Lazarus

04/25/18 1:43 PM

Post #390

Anybody buying at these levels?

jones99

12/18/17 5:35 AM

Post #389

No dilution is going to happen. They have planned a buyback going into 2019. The float will get even lower. Also said they plan a divvy

stocktrademan Free

08/20/17 11:12 AM

Post #388

ALSK invest 2.10

normal chart

log chart

stocktrademan Free

05/11/17 1:29 PM

Post #387

ALSK bullish 2.2100

bull flag

normal chart

log chart

Hoov78

01/31/17 3:53 PM

Post #386

Small time investor, just looking to make a little extra or get lucky? How come a business like this, that seems to have a good record etc. will not pop over that 2$. Any suggestions or knowledge is appreciated.

I.B.Broke

01/10/17 5:32 PM

Post #385

Re: #382: @I.B.Broke - 1 yr target $3.20

Missed the target

masterarms Free

02/12/16 2:42 PM

Post #384

Picked up 750 today. Couldn't help it. This is bound to be over 2.00 in a month or two.

masterarms Free

02/09/16 10:19 PM

Post #383

Re: #382: @I.B.Broke - 1 yr target $3.20

I think i'm gonna have to pick up some cheapies this week. It can't go much lower.

I.B.Broke

01/06/16 12:50 PM

Post #382

1 yr target $3.20

1990Flstf

05/08/15 5:29 AM

Post #381

8k out yesterday, it was good, Imo. Looking strong here!

iheartweimers Free

04/27/15 1:08 PM

Post #380

Re: #379: @1990Flstf - Almost 52 week high here!

52 week high today $2.29. Earnings announced May 7 AH.

1990Flstf

04/21/15 4:57 AM

Post #379

Almost 52 week high here!

iheartweimers Free

04/14/15 8:58 PM

Post #378

Re: #377: @iheartweimers - High of $1.84 today but low volume of

Thomson Reuters issued a detailed stock report on April 13
assigning a buy recommendation on an average score of 6
out of 10, the best for ALSK this year. The stock has an
earnings rating of 10 against the industry rating of 5.9 but the
mean stock price target was decreased from 3.38 to 2.88, with
a 12 month price target high of 3.50 and low of 2.25. This is
a marked increase since the stock has a 52 week average of
2.05 and has traded significantly lower since December 2014.
There have been four positive surprise earnings quarters in
a row, Thomson gave them a score of 10. Institutions own
20.5% of ALSK stock and I believe they are responsible for
the volume doubling today (467,272) over yesterday and the
close of 1.90 (up .10)
I have believed ALSK has been undervalued for some time
and took a initial position in Oct 2012 at 2.31. I added quite
steadily and sold one-third of my shares in Aug 2013 at 3.21.
Should have sold them all, but crystal ball wasn't working
as it went South and have been deep in the red since. I did
add 500 shares around 1.55 and of course was tempted to
add near the low 12/04/2014 of 1.18 but nobody knew where
this was going to go. Or that it would go from the 52 wk low
to the 52 wk high in 24 hours. Alaskans are crazy and now I
know why.

iheartweimers Free

02/05/15 10:25 PM

Post #377

Re: #375: @iheartweimers - Seeking Alpha positive on ALSK. http://seekingalpha.com/article/2739865-alaska-c

High of $1.84 today but low volume of 80,766. Volume most
days is 2-3 times higher but pps seems to be creeping up.
Announcement of completion of the sale to GCI of the wireless
business seems to be helping. Standard & Poor raised its
debt rating to 'BB from BB-' and revised the recovery rating
from '1' to '2'. The '1' recovery rating indicates expectations
for very high(90% to 100%) recovery for secured lenders in
the event of a payment default. S&P expects the company to
use net proceeds to pay existing secured debt. B+ corporate
rating remains unchanged.
Looking at a Verizon coverage chart of the state, I'm thinking
ALSK may be relieved they no longer have to go head to
head with grizzly Verizon as a telephone company.

1990Flstf

12/09/14 10:50 PM

Post #376

Re: #375: @iheartweimers - Seeking Alpha positive on ALSK. http://seekingalpha.com/article/2739865-alaska-c

Very interesting read!

iheartweimers Free

12/09/14 8:14 PM

Post #375

Seeking Alpha positive on ALSK.
http://seekingalpha.com/article/2739865-alaska-communications-surprising-sale-of-wireless-business-creates-two-important-catalysts?app=1&uide=983810&uprof=46

iheartweimers Free

12/09/14 3:20 PM

Post #374

Re: #372: @1990Flstf - VZ can write it off as a loss

Seems there have been some serious profit taking that has
caused a dip yesterday and today, that has bounced right
back up. I think it is encouraging that it has held up so well.

iheartweimers Free

12/05/14 10:11 PM

Post #373

Re: #372: @1990Flstf - VZ can write it off as a loss

This has been in the works for several years, you can go
back to post # 335 and click the links to see it. Note the dates
of the survey or land plats. If Alaska Communications were
bought and kept as a wholly owned subsidiary the stock
could continue to be owned and maybe they would even
go back to paying dividends again. We will have to see if
there is a lot of profit taking early next week, as a big 50%
jump in a day attracted a lot of buyers who just want to do
a drive by raid for quick money.

1990Flstf

12/05/14 7:35 PM

Post #372

Re: #371: @iheartweimers - I don't know how the pricing structure differs

VZ can write it off as a loss to counter profit in the lower 48. Meanwhile ALSK is making some cash and trying hard as a small biz to provide. Buyout? Most likely if VZ is already in there buying up land, towers and equipment. I wonder why ALSK wouldn't just lease and continue making revenue off there own property.

iheartweimers Free

12/05/14 3:58 PM

Post #371

Re: #369: @1990Flstf - Probably made more money selling it off. Now

I don't know how the pricing structure differs between VZ
and ALSK but I know a lot about Verizon, both as a stockholder and as a customer. VZ has such deep pockets
that they could continue to expand footing in the state and
operate at a loss until they drove everyone else out. But
the sale and then development of land next to the ALSK
corporate offices indicates a plan for future cooperation
between the two. Could a buyout be in the cards here?
I think so. I need $3 pps to break even anyway so I'll hold
what I own.

Tdash

12/05/14 3:53 PM

Post #370

EOD run made me a little more $$$ :)

1990Flstf

12/05/14 3:41 PM

Post #369

Re: #368: @iheartweimers - I think they threw in the towel trying

Probably made more money selling it off. Now they can focus more on everything else like your saying

iheartweimers Free

12/05/14 1:34 PM

Post #368

Re: #367: @1990Flstf - No brainer here then!

I think they threw in the towel trying to compete with VZ
and will concentrate on IT and fibre broadband. That's not
a bad thing if they can be profitable at it.
Quote from Seeking Alpha yesterday (12/04/2014):
For reference, Alaska had a market cap of only $61.4M as of today's close. The company's wireless and AWN revenue fell 26% Y/Y in Q3 due to competition from Verizon and the loss of roaming/backhaul revenue. Subscribers stood at 109K.

1990Flstf

12/05/14 11:37 AM

Post #367

Re: #366: @iheartweimers - Yes, and an undersea cable back to Seattle,

No brainer here then!

iheartweimers Free

12/05/14 11:13 AM

Post #366

Re: #365: @1990Flstf - Do they have fiber in the ground?

Yes, and an undersea cable back to Seattle, I think. Fibre
optic cable.

1990Flstf

12/05/14 11:12 AM

Post #365

Re: #364: @iheartweimers - Maybe the call at 3:00 EST today will

Do they have fiber in the ground?

iheartweimers Free

12/05/14 11:11 AM

Post #364

Re: #362: @1990Flstf - I think the hardest part of Alaska is

Maybe the call at 3:00 EST today will give more insight. But
I've been in this a long time thinking that ALSK would
eventually get profitable enough to pay dividends again
because of its move toward wireless and away from copper
and cable.

Latinachica Free

12/05/14 11:09 AM

Post #363

LOL, good luck to you. Make lots of money. Avoid people who claim a stock that is going nowhere in the morning that it will go up 500 percent in the afternoon on a Friday.

1990Flstf

12/05/14 11:02 AM

Post #362

Re: #358: @iheartweimers - Verizon has been moving into a strictly wireless

I think the hardest part of Alaska is the lack of population density (and possible demand) for all the field equipment.

europtiger Free

12/05/14 11:02 AM

Post #361

Re: #357: @Latinachica - LOL, he has no clue about this stock.

;)

europtiger Free

12/05/14 11:02 AM

Post #360

Re: #356: @crudeoil24 - I believe so. Sold all shares @1.84

Lol thought u buy my Shares 1,56... U know this is Not a OTC Push/bash Board,do u ;)

1990Flstf

12/05/14 11:01 AM

Post #359

Re: #358: @iheartweimers - Verizon has been moving into a strictly wireless

I believe wireless IS the way of the future soo-- why would ALSK sell 300mill of there assets? Will they soon be done or will they continue to provide for other companies with towers and equipment, or do they not own that anymore....

iheartweimers Free

12/05/14 10:58 AM

Post #358

Re: #353: @1990Flstf - So what does ALSK plan to do now?

Verizon has been moving into a strictly wireless provider
position as it is the most profitable. That is why Verizon
took on huge debt buying back it's 45% of shares that were
owned by Vodaphone. Looks like Alaska is moving in the
opposite direction. I would think wireless infrastructure
would be the way to go considering the vast spaces of the
state. Or am I not understanding this right?

Latinachica Free

12/05/14 10:55 AM

Post #357

LOL, he has no clue about this stock.

Older Newer

Alaska Communications Systems (ALSK)

Followers	32	Posters	91
Posts (Today)	0	Posts (Total)	407
Created	01/07/11	Type	Free
Moderators

ALSK Alaska Communications Systems Group, Inc.

Headquartered in Anchorage, Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) is a leading provider of high-speed wireless, mobile broadband, Internet, local, long-distance and advanced broadband solutions for businesses and consumers in Alaska. The Alaska Communications network includes advanced broadband and voice networks and the most diverse undersea fiber optic system connecting Alaska to the contiguous United States.

Shares outstanding: 10/19/2012 45.7 M

CONTACT Alaska Communications Systems
investors@acsalaska.com
Worldwide - 1.888.234.9383
In Alaska - 1.907.297.3000
www.alsk.com

Transfer Agents

Computershare Trust Company, N.A. - Stock Transactions
P.O. Box 43006
Providence, R.I. 02840-3006
Toll Free 877-870-2426

Bank of New York - Senior Unsecured Notes
Michael Pitfick
(212) 815-3036

CIBC - Bank Credit Facilities
Michael Gewirtz
(212) 856-3562

Pictured front: David Karp. Pictured back, left to right: Brian Ross, John Wanamaker, Margie Brown, Peter Ley, Anand Vadapalli, Ned Hayes

February 28, 2013
Alaska Communications Systems Reports Fourth Quarter and Full Year 2012 Results

- Full Year Revenue of $367.8 million, exceeded guidance -

- Full Year EBITDA of $121.8 million, exceeded guidance -

- Full year Free Cash Flow of $33.0 million, at high end of guidance -

- Full year Business and Wholesale Revenue increased 8.0% -

- De-levering continues with $19.5 million of repayments of long term debt for the year -

ANCHORAGE, Alaska--(BUSINESS WIRE)-- Alaska Communications Systems Group, Inc. ("ACS") (NASDAQ:ALSK) today reported financial results for its fourth quarter and full year ended December 31, 2012.

"We are pleased with our performance this year. We generated strong growth in business and wholesale revenues. Ending the year at the high end of guidance for free cash flow, with our debt balances declining for the first time in three years, is also an indication of our progress.

"Looking ahead, we expect continued top line growth in the business and wholesale segment, solid free cash flow performance and significant deleveraging with the successful closing of the Alaska Wireless Network ("AWN") transaction. Our investments in sales and service, product and network, and process improvements provide the platform for future growth. The AWN transaction is a defining transaction for Alaska Communications as it de-risks our wireless business, provides a predictable path for further deleveraging and builds shareholder value over time. These are all elements of our business plan in action, giving us confidence in our future.

"Growing demand for our core broadband product, the trust our customers have in the reliability of our products and network and the local service provided by our employees will drive our continued performance to our business plan," said Anand Vadapalli, president and CEO of Alaska Communications.

Financial Highlights: Fourth Quarter 2012 Compared to Fourth Quarter 2011

    Revenues of $95.1 million increased by $7.6 million, or 8.7%, from $87.5 million in the prior year.
        Business and wholesale revenue increased by $3.7 million, or 14.0%. We benefited from a non-recurring equipment sale in the fourth quarter 2012 of $1.4 million.
        Consumer revenue increased by $0.3 million, or 2.8%.
        Wireless revenue increased by $4.9 million, or 16.2%.
        Access and CETC revenue declined, as expected by $1.3 million, or 5.9%.
        Broadband revenue as a percentage of total service revenue was 47%, compared to 42% in the prior year.
    Adjusted EBITDA of $33.3 million increased by $2.5 million, or 8.2%, from $30.8 million in the prior year.
        Cost of services and sales increased by $1.9 million, or 5.6%, which was impacted by a non-recurring equipment sale and a $0.5 increase in wireless equipment and device costs.
        Selling, general & administrative, excluding AWN transaction related costs of $1.1 million compared to $0.5 million in the prior year, increased by $2.8 million, or 12.1%, resulting primarily from increased sales and customer service costs.

http://investors.alsk.com/releasedetail.cfm?ReleaseID=744257

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