It has to do with the tax deferment going in ALSK's favor. In short, they paid $27m more in taxes than they should have, and now they're getting it back. Even without it, earnings were $10m which works out to about a .22 EPS, which extrapolates out to a .88 annual, and at a modest P/E of 10 we're looking at a stock price over $4. So think of it as a $4 stock that was just given a $27m gift. Sign me up.