Six Ways to Invest in Alaska

by: Stockerblog

Here is some trivia about Alaska, the 49th state:

  • It is the largest state by area.
  • It is only one of two states which does not have a border with another state.
  • It is the 6th wealthiest state by median income.
  • It ranks 3th in the US for Gross State Product.
  • It has the lowest population density of any state.
  • Eighty percent of the state's revenues come from oil.
  • Its third largest export after oil and gas is seafood.
  • It has the lowest individual tax burden in the U.S.
  • It has no state sales tax.
  • It has no individual income tax.
  • Below are some Alaskan companies that might be worth investigating:

  • Alaska Communications Systems (NASDAQ:ALSK) is an Anchorage-based telecommunications company which provides local phone service, long distance phone service, Internet networking, wireless services, and satellite television. The stock has a P/E of 17, a PEG of 5.04, and a yield of 7%.

  • First National Bank Alaska (OTCQX:FBAK) is a member of the 'over-a-$1000-a-share club,' and is currently trading in excess of $1800 per share. This Anchorage-based bank was founded in 1922. The stock has a P/E of 16, and pays a yield of 5.5%.

  • General Communication Inc. (GNCMA) provides provides cable television services, Internet access, landline and cellular telephone services throughout Alaska. The stock has a P/E of 24, and a PEG of 2.43.

  • Alaska Air Group Inc. (NYSE:ALK) owns Alaska Airlines and Horizon Air, and serves the western United States, Canada, and Mexico. The stock has a P/E of 6, and a PEG of 1.1.

  • Alaska Power and Telephone Co. (OTCPK:APTL), although based in Port Townsend, Washington, provides electrical energy and local and long distance telecommunications services in Alaska. The stock has a P/E of 9.5. This is a very low market cap, and therefore, very speculative stock.

  • Alaska Pacific Bancshares Inc. (OTCQB:AKPB) is the holding company for holding company for Alaska Pacific Bank. The stock has a P/E of 11, and pays a yield of 2.1%. This is also a very low market cap, and therefore, very speculative stock.

  • Disclosure: The author does not own any of the above.