To be an ALSK you need the excitement of the Wallenda tight rope walkers. The CEO thinks he can walk the line in inclement weather while opposing Goliaths. Only thing he is not David! Surrounded by "The YES Men" who get free stock, he sits in Alaska near earthquake faults, taking great risks with your money. Will it work? Maybe, for the debtor in possessiion ultimately. Chance for the common stock holder, near 1%. But, this is fun, let us hope. Hope springs eternal. But buy no more!
New insider report to SEC shows them selling much stock they already got free and getting even more at 0$ per share. Ony CEO increases net stake. Others mostly sell what they own and get more stock grants for free. Managements at many companies do this, never taking any real risk for themselves.
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I don't see what your big complaint is. Appears to me the management team has been executing a good turn around plan over the past 2.5 years. Now the final goal (and any significant share price appreciation above $2) is still 6 months to 1 year away. They need to get through this final transition phase after the wireless sale, but after that they are on track to be exiting 2015 in the 55 million EBITDA range, have debt below $150 million, and be a profitable broadband company.
ALSK was previously paying an unsustainable dividend, built up a crushing $500 million debt load, and their wireless business was shrinking and under new competitive pressure. The fact they are not on the road to bankruptcy seems like a win.
i sent to SEC on probabily INSIDER TRADING of Management ALSK that they knew of the sale wireless asset for 300milions dollars and in particular of 3 and 4 december 2014 someone did buy many shares...
THE MANAGEMENT MUST BE ARRESTED
It may go to zero. Debtors may well end up owning it. Unless the State of Alaska gets help on oil, people may abandon Alaska.