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March 6, 2015 Stock Pick: Alaska Communications Systems Group Inc. (ALSK)

Stock Price: $1.78

Alaska Communications Systems Group Inc. provides integrated communications services to business and consumer customers primarily in Alaska.

ALSK is a niche broadband play with a statewide data and voice network all connected via an undersea fiber optic system connecting Alaska to the contiguous United States.

As of its latest fourth quarter and year-end report, ALSK generated Q4 broadband revenue of $17.5 million, up 8.3% from Q4 2013. The company focused in on its broadband business by selling its wireless operations. With this move, ALSK improved their balance sheet with a cash increase of $10 million. Debt was reduced by $241 million. This shows ALSK's dedication to focusing their operations.

The sale of the company's wireless assets triggered ALSK's gap higher move on December 5th from $1.24 to as high as $2.05. The company is well positioned to move forward and the management team seems rejuvenated. ALSK has a 52-wk high of $2.31. It may just be a matter of time before it climbs to new 52-wk high levels.

Speculative Score: 4

1 Being the Least Speculative and Most Confident

10 Being the Most Speculative and Possibly the Most Risky

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