Alaska Communications Systems (ALSK)

[iheartweimers]

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.