Alaska Communications (NASDAQ:ALSK) is a bargain company that is valued at a mere $85 million for the entire common share issue. It now owns a third of the most extensive wireless network in Alaska as a portfolio investment (not one where it has to spend tremendous CAPEX on). It owns 2 out of the 4 undersea optic fiber cables that connect Alaskan internet to the lower 48. These cables are currently not being utilized to their full abilities due to conditions imposed by the loss of an anti-trust suit many years ago, where ALSK had to sell their wholesale services well below cost to a big competitor. But these conditions have been mostly removed around 2007/2008. ALSK...
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