Versacold Corp (ICE.UN.TO) Buy, Sell or Hold

Versacold Corp (ICE.UN.TO)

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BUY

Likes the prospects here, but there are definitely bumps along the road coming. Operates 3rd largest public refrigerated warehouse business globally. Good assets. Paying down debt. Some lost business is going to occur in Australia, but management is looking to replace.

DON'T BUY

Versacold Income Fund is a name they used to hold in the portfolio but sold it about eighteen months ago. The company has had high payout ratio at 100% or over for the last 3 years. They have had operational issues. Their debt is high. Be cautious with this name.

DON'T BUY

They do not own Versacold Income Fund because of its balance sheet. Watch the debt load like a hawk.

DON'T BUY

The cold storage business is a relatively thin margin business. What he has seen through the years is that operating costs get magnified by balance sheet leverage. Not comfortable with this.

DON'T BUY

Payout ratio is at an unsustainable high level. Debt leveles are quite high. Putting out slightly aggressive growth forcasts and are having trouble meeting them.

DON'T BUY

Upgrading/expansion of facilities in Alberta. Have never managed to achieve the growth prospects they set out in their prospectus and when they did their US acquisition. Will continue to have operational challenges in the near term and won't be able to bring their payout ratio below 100%.

DON'T BUY

Felt that the risk/reward focus had shifted, so sold their holdings. 4th quarter results just issued were relatively flat. Managed to bring their payout ratio under 100%, but just barely at 97%. Debt is creeping up. Haven't been able to realize on their growth forcasts.

DON'T BUY

In a turn around situation. With the uncertainty with Kraft, doesn't expect much price appreciation. Expanding their Alberta facilities. Paying out a relatively high payout ratio by relatively high debt levels. Wait for some show of strength before buying.

WEAK BUY

Has had a nice run, probably from money leaving Atlas Cold Storage. Fundamentals are OK.

BUY

Cold storage is a growing area. Getting outsourcing contracts from some big companies. Stable.

SELL

11.1% yield. Prefers Atlas.

BUY

A very trustworthy trust. Good yield.

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Versacold Corp (ICE.UN.TO) Frequently Asked Questions

What is Versacold Corp stock symbol?

Versacold Corp is a OTC stock, trading under the symbol ICE.UN.TO (previously ICE.UN-T on Stockchase) on the undefined (undefined). It is usually referred to as or ICE.UN.TO

Is Versacold Corp a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on ICE.UN.TO (previously ICE.UN-T on Stockchase) on Stockchase. Read the latest expert commentary for Versacold Corp.

Is Versacold Corp a good investment or a top pick?

Versacold Corp was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Versacold Corp.

Why is Versacold Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Versacold Corp.

Is Versacold Corp worth watching?

Versacold Corp is covered by Stockchase experts and is worth watching.

Most Recent Experts

Stockchase Insights

5i Research

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

CNBC

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Versacold Corp (ICE.UN.TO)