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    Small-Cap Stock on Watch: Alaska Communications Systems Group Inc. (ALSK)

    Small-Cap Stock on Watch: Alaska Communications Systems Group Inc. (ALSK)

    Alaska Communications Systems Group Inc. (NASDAQ: ALSK) shares opened higher Monday but later slumped down below last week’s close, losing 0.6% to close at $3.32. The stock saw volume of over 1.89 million shares, versus the 10-day average of 1.07 million.

    Over the last 52 weeks, the stock has ranged from a low of $2.58 to a high of $11.01.  It is currently trading above its 50-day moving average of $2.92 and below its 200-day moving average of $5.12.

    Headquartered in Anchorage, Alaska, Communications Systems Group, through its subsidiaries, provides high-speed wireless, mobile broadband, Internet, local, long-distance and advanced data solutions for businesses and consumers in Alaska. Its network includes the most advanced wireline and wireless data and voice networks and the most diverse undersea fiber optic system connecting Alaska to the contiguous United States.

    The Company last week announced its fourth-quarter results that showed increases in revenues, and  provided its outlook for 2012.

    Revenue for the quarter ended December 31, 2011, was $87.5 mllion, an increase of $2.7 million, or 3.2%, from the same period last year, with enterprise revenue increasing by 8.1% to $1.1 million, and wireless revenue rising 4.6% to $1.6 million. Retail and access wireline revenue was relatively unchanged, with declines in retail revenue offset by higher intrastate access revenues.

    The company reported EBITDA of $30.3 million, slightly lower from $30.5 million reported in the comparable period a year ago. Wireless EBITDA rose by 14.2% to $15.4 million, while Wireline EBITDA dropped 12.4% to $14.9 million.

    The company realized a net income of $2.24 billion, or $0.05 per share, in the last three months of 2011, reversing a loss of ($1.27 billion), or (0.03) cents per share, the year before.

    As stated by CFO Wayne Graham, Alaska Communications finished the quarter with total cash of $20.5 million and with full access to its $30.0 million revolver facility. The company generated free cash flow of $43.4 million for the twelve months ended December 31, 2011.

    Looking forward, the company expects revenues between $355 million and $365 million for this year, while EBITDA is expected to modestly increase from $125 million in 2011. Total capital expenditures are expected to be between $55 million and $60 million, and free cash flow will be about $32 million to $36 million.

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