Tuesday, June 26, 2012 10:14:28 PM
ALSK - Alaska Communications Systems - $2.09
Nasdaq-GS. IPO Nov 1999; 10,000,000 shares at $14, by Goldman, Sachs & Co. No splits on record.
Market Value $116,900, Shares Outstanding 45,486,445 a/o Apr 18, 2012. Institutional holdings approximately 40.46%. Larger institutional holders include Vanguard Group, Blackrock Advisers, Barclays Global Investors, Street Corp., ING Investment Management Co.
VOLUME: 1.09mil shares, +47.2% compared to typical daily volume over the past 6 months. Typical daily volume is 741.5k shares over the past 6 months.
Live monthly chart shows the big picture.
News: A press release on 6/25 says: "Alaska Communications Systems Group and General Communication, Inc. recently announced that they have signed definitive agreements to form The Alaska Wireless Network, LLC (AWN). Alaska Communications will own one-third and GCI will own two-thirds of AWN. During the first four years of AWN's operations, Alaska Communications will be eligible to receive preferential cash distributions totaling $190 million. GCI will receive all remaining available cash distributions over the same period."
"Telecom stocks have been known as safe havens to investors in times of global economic uncertainty," says another recent press release from the same source.
"One under-$10 name in the communications services complex that’s trading within range of a major breakout trade is Alaska Communications Systems Group (ALSK), which provides integrated communications services to consumer and business customers in and out of Alaska. This stock is off to a bearish start in 2012, with shares off by around 24%.," an article by Roberto Pedone in Stockpickr explains.
Above: Nasdaq Stock Consultant's analysis of targets.
Live daily, which follows below, displays the short term play.
Nasdaq-GS. IPO Nov 1999; 10,000,000 shares at $14, by Goldman, Sachs & Co. No splits on record.
Market Value $116,900, Shares Outstanding 45,486,445 a/o Apr 18, 2012. Institutional holdings approximately 40.46%. Larger institutional holders include Vanguard Group, Blackrock Advisers, Barclays Global Investors, Street Corp., ING Investment Management Co.
VOLUME: 1.09mil shares, +47.2% compared to typical daily volume over the past 6 months. Typical daily volume is 741.5k shares over the past 6 months.
Live monthly chart shows the big picture.
News: A press release on 6/25 says: "Alaska Communications Systems Group and General Communication, Inc. recently announced that they have signed definitive agreements to form The Alaska Wireless Network, LLC (AWN). Alaska Communications will own one-third and GCI will own two-thirds of AWN. During the first four years of AWN's operations, Alaska Communications will be eligible to receive preferential cash distributions totaling $190 million. GCI will receive all remaining available cash distributions over the same period."
"Telecom stocks have been known as safe havens to investors in times of global economic uncertainty," says another recent press release from the same source.
"One under-$10 name in the communications services complex that’s trading within range of a major breakout trade is Alaska Communications Systems Group (ALSK), which provides integrated communications services to consumer and business customers in and out of Alaska. This stock is off to a bearish start in 2012, with shares off by around 24%.," an article by Roberto Pedone in Stockpickr explains.
Above: Nasdaq Stock Consultant's analysis of targets.
Live daily, which follows below, displays the short term play.
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