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ARK.V 0SGD.V 0.46AEM.TO -4.78MEQ.TO -1.05TRI.TO 2.93KKR 1.49CGI.TO -0.09KINS -0.06
Daily Stock Opinions and Ratings
Stockchase Opinions

Sandy McIntyreArctic Glacier Income FundAG.UN-CSEDON'T BUYAug 15, 2008

Had a distribution cut. Had Debt/EBITDA of 3.6%. Higher than he would accept in an operating business. Summer has been cold and wet so they are being squeezed operationally. 96.8% payout ratio.
Sandy McIntyreSandy McIntyre
No
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$5.55

Stock price when the opinion was issued

food processing
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COMMENT

Arctic Glacier Income Fund(AG.UN-CSE)

Oct 26, 2021
He hasn't followed it in years. It got overlevered at some point and may still carry some debt. He needs to take a closer look.
Photo of Colin StewartColin Stewart
No
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N/A

Stock price when the opinion was issued

food processing
DON'T BUY

Arctic Glacier Income Fund(AG.UN-CSE)

Nov 03, 2011
He was discouraged because they had so many legal problems that they had to deal with. Also, financials didn't look very good. Have lost about $51 million over the last 6 months.
Photo of Benj GallanderBenj Gallander
No
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$0.06

Stock price when the opinion was issued

food processing
DON'T BUY

Arctic Glacier Income Fund(AG.UN-CSE)

Aug 29, 2011
Why bother with this one. Avoid it. Have had its problems. High debt level.
Photo of Douglas KeeDouglas Kee
No
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$0.10

Stock price when the opinion was issued

food processing
COMMENT

Arctic Glacier Income Fund(AG.UN-CSE)

May 13, 2010
Great contrarian play. One of the leaders in the ice field. Their main problem is lawsuits over price fixing. Settled in the US but not yet in Canada. Longer term he expects it will do pretty well. Doesn't have a clean balance sheet. Will look at it again in a few months.
Photo of Benj GallanderBenj Gallander
No
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$2.98

Stock price when the opinion was issued

food processing
SELL

Arctic Glacier Income Fund(AG.UN-CSE)

Nov 07, 2008
(Market Call Minute.) If you are going to buy at trust, you might as well get the distribution so he would Sell. You can get much cleaner plays.
Photo of Peter HodsonPeter HodsonUnlock Rating
$1.04

Stock price when the opinion was issued

food processing
DON'T BUY

Arctic Glacier Income Fund(AG.UN-CSE)

Oct 24, 2008
Classic example of a company that made a number of acquisitions, financed it with debt and, at a certain point, cash flow came in less than expected and created issues with the debt. Any time you get involved in legal issues in the US such as collusion, he would not own the stock.
Photo of Sandy McIntyreSandy McIntyre
No
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$1.32

Stock price when the opinion was issued

food processing
SELL

Arctic Glacier Income Fund(AG.UN-CSE)

Oct 01, 2008
Management broke the law. Its going to go through a huge investigation.
Photo of Kevin O'LearyKevin O'Leary
Owned
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$1.44

Stock price when the opinion was issued

food processing
COMMENT

Arctic Glacier Income Fund(AG.UN-CSE)

Sep 24, 2008
Suspended distributions. Future is very unclear. This company and Reddy Ice are under investigation for potential price manipulation. Could be a big win for them if they are cleared but could also be disbanded because of a loss.
Photo of Ben ChengBen ChengUnlock Rating
$1.90

Stock price when the opinion was issued

food processing
HOLD

Arctic Glacier Income Fund(AG.UN-CSE)

Sep 19, 2008
Got hit with an investigation by the Justice Department in the US because of too much market share. Had to discontinue distributions. If you own, Hold for some possible recovery.
Photo of Michael Simpson, CFAMichael Simpson, CFA
No
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$1.86

Stock price when the opinion was issued

food processing
SELL

Arctic Glacier Income Fund(AG.UN-CSE)

Apr 28, 2008
Manufacture “Arctic Glacier” ice that you buy at stores. Made a foray into the US about 3 years ago. Has been hurt by 25%-30% because of the US$. Very dependent on the weather. He found there are too many unknowns with the cash flow stability. Thinks the SCC is investigating them in the US.
Photo of Robert LauzonRobert Lauzon
No
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$7.88

Stock price when the opinion was issued

food processing
BUY ON WEAKNESS

Arctic Glacier Income Fund(AG.UN-CSE)

Feb 19, 2008
Distribution is not too bad. Have done a good job of integrating the smaller acquisitions they have done over the years. Management team seems to know what they are doing. If there were a bit further pullback in price, he would consider buying for his fund.
Photo of Bill ShawBill Shaw
No
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$12.00

Stock price when the opinion was issued

food processing
DON'T BUY

Arctic Glacier Income Fund(AG.UN-CSE)

Jan 22, 2008
(Market Call Minute.) Ice cubes. Has been hurt by the higher Cdn$. Debt levels are higher than he likes.
Photo of Michael Simpson, CFAMichael Simpson, CFA
No
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$10.99

Stock price when the opinion was issued

food processing
DON'T BUY

Arctic Glacier Income Fund(AG.UN-CSE)

Jul 27, 2007
Has a dominant market share. Most of their business is in the US, making them very susceptible to currency changes. Bothers him that ice seems to depend on a handful of weekends during the year.
Photo of Andrew Guy, CFAAndrew Guy, CFA
No
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$13.62

Stock price when the opinion was issued

food processing
COMMENT

Arctic Glacier Income Fund(AG.UN-CSE)

Jul 23, 2007
A very seasonal business, but have mitigated this with some acquisitions in the southern US. Could be an acquisition.
Photo of Ben ChengBen Cheng
No
Unlock Rating
$14.20

Stock price when the opinion was issued

food processing
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We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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