Author Topic: ALSK - Alaska Communications  (Read 121109 times)

bookie71

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 977
Re: ALSK - Alaska Communications
« Reply #350 on: July 01, 2019, 11:24:39 AM »
Be very careful as the Alaska economy is fragile as he-l.
Always remember, Pigs get fat and hogs get slaughtered.


kab60

  • Hero Member
  • *****
  • Posts: 1395
Re: ALSK - Alaska Communications
« Reply #351 on: July 01, 2019, 10:09:15 PM »
Yes, that is obviously a risk. Through the longet recession on record in Alaska they are however growing revenue. Just gutting the CEO and his crazy comp plus a refi should bring meaningfuk cost savings for an acquirer. Then there is probably opportunities in procurement and backoffice.

bookie71

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 977
Always remember, Pigs get fat and hogs get slaughtered.

kab60

  • Hero Member
  • *****
  • Posts: 1395
Re: ALSK - Alaska Communications
« Reply #353 on: November 03, 2020, 04:03:51 AM »
I'm surprised this hasn't moved after the CEO was booted and they announced a share buyback. Trades at a +10 pct. FCF yield, some 4,2xev/ebitda while growing revenue (managed by a terrible CEO who didn't even live in Alaska). I'm back in and would expect a sale. I'd expect a bigger co. could manage this better and cheaper and save interest on their debt.
Here we go. Acquired at 3/share.

https://seekingalpha.com/news/3630203-alaska-communications-skyrockets-after-announcing-agreement-to-be-acquired-macquarie-capital

KJP

  • Hero Member
  • *****
  • Posts: 1185
Re: ALSK - Alaska Communications
« Reply #354 on: November 03, 2020, 04:27:44 AM »
I'm surprised this hasn't moved after the CEO was booted and they announced a share buyback. Trades at a +10 pct. FCF yield, some 4,2xev/ebitda while growing revenue (managed by a terrible CEO who didn't even live in Alaska). I'm back in and would expect a sale. I'd expect a bigger co. could manage this better and cheaper and save interest on their debt.
Here we go. Acquired at 3/share.

https://seekingalpha.com/news/3630203-alaska-communications-skyrockets-after-announcing-agreement-to-be-acquired-macquarie-capital

Congrats on this.  Good call.

DeepSouth

  • Full Member
  • ***
  • Posts: 104
Re: ALSK - Alaska Communications
« Reply #355 on: November 03, 2020, 07:52:13 AM »
Trading a touch above offer, 30 days go shop to set up another potential CBB situation. 4.7X EBITDA is pretty low given growth here has been more similar to CBB than to FTR/CNSL/CTL

Liberty

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 13168
  • libertyrpf.com
    • http://www.libertyrpf.com

bookie71

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 977
Always remember, Pigs get fat and hogs get slaughtered.