Arctic Glacier Income Fund

AG.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about AG.UN-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 3, 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.
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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.
DON'T BUY
DON'T BUY
August 29, 2011
Why bother with this one. Avoid it. Have had its problems. High debt level.
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Why bother with this one. Avoid it. Have had its problems. High debt level.
COMMENT
COMMENT
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.
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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.
SELL
SELL
November 7, 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.
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(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.
DON'T BUY
DON'T BUY
October 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.
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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.
SELL
SELL
October 1, 2008
Management broke the law. Its going to go through a huge investigation.
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Management broke the law. Its going to go through a huge investigation.
COMMENT
COMMENT
September 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.
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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.
HOLD
HOLD
September 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.
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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.
DON'T BUY
DON'T BUY
August 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.
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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.
SELL
SELL
April 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.
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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$. Very dependent on the weather. He found there are too many unknowns with the cash flow stability. Thinks the SCC is investigating them in the US.
BUY WEAKNESS
BUY WEAKNESS
February 19, 2008
Distribution is not too bad. Have done a good job of integrating the smaller acquisitions they have done over the years. Management team seems to know what they are doing. If there were a bit further pullback in price, he would consider buying for his fund.
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Distribution is not too bad. Have done a good job of integrating the smaller acquisitions they have done over the years. Management team seems to know what they are doing. If there were a bit further pullback in price, he would consider buying for his fund.
DON'T BUY
DON'T BUY
January 22, 2008
(Market Call Minute.) Ice cubes. Has been hurt by the higher Cdn$. Debt levels are higher than he likes.
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(Market Call Minute.) Ice cubes. Has been hurt by the higher Cdn$. Debt levels are higher than he likes.
DON'T BUY
DON'T BUY
July 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.
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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.
COMMENT
COMMENT
July 23, 2007
A very seasonal business, but have mitigated this with some acquisitions in the southern US. Could be an acquisition.
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A very seasonal business, but have mitigated this with some acquisitions in the southern US. Could be an acquisition.
COMMENT
COMMENT
April 9, 2007
2nd biggest retail bagged ice manufacturer in North America. Dependent on key weekends such as July 1st-July 4th.
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2nd biggest retail bagged ice manufacturer in North America. Dependent on key weekends such as July 1st-July 4th.
BUY
BUY
March 2, 2007
Very good management team. Consolidating a very fragmented space in the US. Expansion into Texas, California, etc. is a good move.
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Very good management team. Consolidating a very fragmented space in the US. Expansion into Texas, California, etc. is a good move.
HOLD
HOLD
February 8, 2007
Most of their 80% income comes from the US. The dominant player in California and northern US. Very seasonal, so he is cautious on this.
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Most of their 80% income comes from the US. The dominant player in California and northern US. Very seasonal, so he is cautious on this.
BUY
BUY
January 26, 2007
Market leaders in manufacturing and distributing ice. Fairly non-cyclical. Not all that exciting regarding their growth potential. Have delivered fairly stable returns over the long run. Reasonable buy long-term.
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Market leaders in manufacturing and distributing ice. Fairly non-cyclical. Not all that exciting regarding their growth potential. Have delivered fairly stable returns over the long run. Reasonable buy long-term.
BUY
BUY
December 29, 2006
The #2 supplier of ice in North America. Very capable management team.
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The #2 supplier of ice in North America. Very capable management team.
DON'T BUY
DON'T BUY
November 3, 2006
Made a big acquisition in California. Debt is higher than what he would like. Would like to see their payout ratio reduced.
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Made a big acquisition in California. Debt is higher than what he would like. Would like to see their payout ratio reduced.
BUY
BUY
October 13, 2006
Manufacture ice for sale in convenience stores, Beer Store, LCBO, etc. One of the dominant retailers of ice in New York/Pennsylvania area.
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Manufacture ice for sale in convenience stores, Beer Store, LCBO, etc. One of the dominant retailers of ice in New York/Pennsylvania area.
HOLD
HOLD
May 26, 2006
Extremely stable commodity end product and is never going out of style. However, this one has not been able to extract any synergies or economies of scale as it’s grown. Buy on big dips or when they are doing financing.
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Extremely stable commodity end product and is never going out of style. However, this one has not been able to extract any synergies or economies of scale as it’s grown. Buy on big dips or when they are doing financing.
Ravi Sood

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Price
$11.150
Owned
Unknown
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