Arctic Glacier Income Fund (AG.UN-CSE) Buy,…

Arctic Glacier Income Fund (AG.UN-CSE)

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COMMENT

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.

DON'T BUY

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

Why bother with this one. Avoid it. Have had its problems. High debt level.

COMMENT

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

(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

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

Management broke the law. Its going to go through a huge investigation.

COMMENT

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

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

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

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 ON WEAKNESS

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

(Market Call Minute.) Ice cubes. Has been hurt by the higher Cdn$. Debt levels are higher than he likes.

DON'T BUY

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

A very seasonal business, but have mitigated this with some acquisitions in the southern US. Could be an acquisition.

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Arctic Glacier Income Fund (AG.UN-CSE) Frequently Asked Questions

What is Arctic Glacier Income Fund stock symbol?

Arctic Glacier Income Fund is a OTC stock, trading under the symbol AG.UN-CSE on the undefined (undefined). It is usually referred to as or AG.UN-CSE

Is Arctic Glacier Income Fund a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on AG.UN-CSE on Stockchase. Read the latest expert commentary for Arctic Glacier Income Fund.

Is Arctic Glacier Income Fund a good investment or a top pick?

Arctic Glacier Income Fund was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Arctic Glacier Income Fund.

Why is Arctic Glacier Income Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Arctic Glacier Income Fund.

Is Arctic Glacier Income Fund worth watching?

Arctic Glacier Income Fund is covered by Stockchase experts and is worth watching.

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Arctic Glacier Income Fund (AG.UN-CSE)