General Communication, Inc. (NASDAQ:GNCMA)
CAPS Rating:
A holding company which, together with its direct and indirect subsidiaries, provide local, wireless, and long distance telephone, cable television, Internet and data communication services throughout Alaska.
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Consumer revenues are continually growing and the network access business will now include the customer this company lost in 2007. That all adds up to the company being able to meet guidance in revenue and EBITDAS.
The risk I see here is this company HAS to get better operationally. To me, it just seems as though they are inefficient with regard to operational margin/profit.
Overall, Mr. Market has severely overreacted to the performance of the past two quarters (3Q2007 and 4Q2007), so purchasing the company at these levels is very appealing. Again, the addition of the network access customer that went missing in 2007 limits the downside risk of further share price decline.
So the Monday after I make the pitch, I bought a good number of shares and I'm up roughly 32% at the moment. It's nice when you actually gain because you decided to put your money where your mouth is.
The stock is now up 58% overall and the score is up 48.5 points.You gotta love value investing! Find good companies with good business models that were wildly beaten down by Mr. Market due to an unfortunate incident.
The stock is now up over 70% with just under 70 CAP points. Mr. Market offered me a fantastic deal this past March and I took advantage. I'll be looking at a double here before the fiscal year is done.