| DON'T BUY | 6.000 | Dean Orrico | Management has done a good job turning it around. Has gone through tough times. Not paying a distribution, A good value buy. Questions this type of business being in a trust. Not a good model. | 2005-09-30 | |
| BUY | 5.730 | Dan Bastasic | Feels they've cleaned up their act. Their accounting numbers are much better than they were in 2003. Most of the fees that were involved in their restructuring will go away this year which will improve cash flows. The warehouse sector in the US is improving. Probably undervalued at these levels. | 2005-08-05 | |
| BUY | 5.700 | Jean-Francois Tardif | Has not acted well recently. Had 2 quarters in a row of improvement in their EBITDA. Focused now on selling some non-core assets to help reduce their debt. Once that gets down, they'll reinstitute the distribution and the stock should do better. Feels the distribution will be back on '06. | 2005-07-18 | |
| DON'T BUY | 5.930 | Michele Robitaille | Doesn't own any names that are not paying a distribution. Wait until a distribution is actually reinstated. Have faced a number of issues on the accounting side which they are working through. Not a lot of information on the operational side. | 2005-04-15 | |
| BUY | 6.010 | Matt Baillie | Just bought some a month ago based on the new management which is squeaky clean. Although some areas of their operations are a little bit weak, they think they will come back. Have a high debt level and paying pretty high yields on that debt, so with the cash flows that are coming in they are going to pay down the debt for the rest of the year, so no distribution until next year. | 2005-04-08 | |
| WEAK BUY | 5.880 | Paul Harris, CFA | An interesting story at these levels. Had some issues on accounting which they seem to have gotten through. Restructured. A large part of their revenue comes from the US so will be affected by a stronger Cnd$. The business uses a lot of power. Doesn't expect a huge run up on the stock. | 2005-03-28 | |
| TOP PICK | 5.790 | Jean-Francois Tardif | Old management is gone. They own lots of assets. A non-cyclical business. The EBITDA went up this last quarter. The business is growing. It is hoped that they'll be able to start paying down their debt and reintroduce the distributions. | 2005-02-24 | |
| DON'T BUY | 5.150 | Ben Cheng | New management team is very good and should be improving the situation. Concerned about some of the senior managers leaving their plants to go to their competitors. | 2004-12-17 | |
| DON'T BUY | 4.850 | Norman Levine | Stock continues to go down. Just languishing. Have a huge US exposure and are getting killed with the currency. | 2004-11-29 | |
| DON'T BUY | 4.780 | Dean Orrico | Not a trust to own if you are focused on income. Still has more problems to deal with. | 2004-11-19 | |
| SELL | 4.650 | Leslie Lundquist | Has had a lot go wrong with it. Maybe new management can turn it around, but they have a long way to go. | 2004-11-17 | |
| DON'T BUY | 4.800 | Ben Cheng | Have just completed last quarter's earnings and were in line with what was expected. Some of the key personnel have left which has ceated some concern. | 2004-11-12 | |
| SELL | 5.080 | Leslie Lundquist | Have had a lot of problems over the past year. 2nd quarter results were disappointing. Re-financed their debt. Can;\' see them getting the market confidence back. | 2004-10-07 | |
| DON'T BUY | 5.290 | Ben Stadelmann | Doesn't feel this is the type of ccompany that belongs in an income trust because revenue is not steady enough and they have to keep putting money back in the business. Not sure when or if the distributions will come back. | 2004-09-16 | |
| DON'T BUY | 5.010 | Leslie Lundquist | Will have to recapitalize. Doesn't feel the core operations are doing that well. Speculative. | 2004-08-13 | |
| DON'T BUY | 5.450 | Leslie Lundquist | Ran into some accounting and operational difficulties last year. Has been a cleaning out of management and would wait to see what happens. Large debt. | 2004-04-15 | |
| WATCH | 5.830 | Peter Brieger | Considers it Canada's Enron. Now have new management. Still likes the growth of storage space for frozen foods. Its new management can get things working, it could have a long-term growth prospect. | 2004-03-16 | |
| WAIT | 5.900 | Michael Sprung | Wouldn't commit new money to it. Awfully hard for company to turn around image. | 2004-02-09 | |
| HOLD | 6.240 | Ben Cheng | Investors got caught off guard. At this point its a good investment. Holding shares. May add in future. | 2004-02-05 | |
| DON'T BUY | 6.670 | Benj Gallander | Still don't know what the reading is on their past financial statements. Too many balls that they have to juggle at this time. | 2004-01-09 | |
| DON'T BUY | 7.350 | Peter Brieger | Just sold their holdings. Growth for cold storage and chilling is good. Down the road, it could be a great speculative buy, but not right now. | 2003-11-25 | |
| WAIT | 7.250 | Bruce Campbell | Waiting for a new management. Should also wait until they start disbursements again. | 2003-11-24 | |
| DON'T BUY | 7.840 | Garth Jestley | Have had recent problems. The jury is still out. Management has lost credibility. They take a while to recover. | 2003-11-07 | |
| DON'T BUY | 7.740 | Benj Gallander | Restating their financials, so stay clear. | 2003-11-04 | |
| TOP PICK | 8.740 | Bill Shaw | Feels all the major bad news is now out. A great business with 56 refrigerated warehouses. Expect distributions will resume at about $.90. Expect a nine-dollar target price, which would give you a total of 15% return. | 2003-10-14 | |
| BUY | 8.580 | Peter Brieger | Thinks the worst is over, both operationally and reorganization. Expects distributions will be revived to $.15 per quarter. The street is looking for $.85 to one dollar next year. Would probably sell if the price reached $10. A good speculative buy. | 2003-10-08 | |
| BUY on WEAKNESS | 10.750 | Ben Cheng | Feels that public refrigerated warehouse space is a very good business in a trust. Had some accounting issues. If share price dropped, they would buy more. | 2003-09-17 | |
| DON'T BUY | 11.200 | Benj Gallander | Thinks there could be a lot of bad news in this industry. | 2003-09-02 | |
| BUY on WEAKNESS | 12.970 | Peter Brieger | Fully priced. | 2003-07-16 | |
| DON'T BUY | 12.630 | Sandy McIntyre | Trading at about 11.5/12 X cash flow. A little bit expensive. Likes the business long term. Competent management. | 2003-06-19 | |
| BUY | 11.760 | Gavin Graham | Cold storage is a growing area. Getting outsourcing contracts from some big companies. Stable. | 2003-05-22 | |
| PAST TOP PICK | 11.900 | Peter Brieger | (Was a top pick on April 10. Up .5%.) Still likes. | 2003-04-23 | |
| TOP PICK | 11.920 | Peter Brieger | Thinks frozen food consumption will be 45% consistantly. Getting into distribution. | 2003-04-10 | |
| PAST TOP PICK | 11.790 | David Baskin | (Was a top pick on Dec 17. Up 3% plus the 9% annual dispersments received.) Still likes. Safe. Stable. | 2003-04-04 | |
| HOLD | 11.200 | Sandy McIntyre | Well run but a little expensive now. | 2003-01-23 | |
| BUY | 11.250 | Peter Brieger | Growth of frozen food is growing by 45% a year. | 2003-01-15 | |
| TOP PICK | 11.390 | David Baskin | Good 9% cash flow. Steady solid business. | 2002-12-17 | |
| TOP PICK | 11.560 | David Baskin | Very stable and good income. | 2002-10-17 | |
| BUY | 11.850 | Peter Brieger | A favourite. | 2002-10-03 | |
| STRONG BUY | 11.730 | John Priestman | Trustworthy trust. Prefers over Versacold. | 2002-08-06 | |
| BUY | 11.680 | Peter Brieger | One of the best high quality buys. Great potential. | 2002-07-10 | |
| BUY | 11.100 | Garth Jestley | Likes. Good management and balance sheet. | 2002-03-19 | |
| PAST TOP PICK | 10.800 | Sandy McIntyre | (Was a top pick on Aug 13 up 6.8%) Still likes. | 2002-02-26 | |
| TOP PICK | 10.750 | Sandy McIntyre | Good mngmnt and acquisitions. Balance sheet is a little bit leveraged, so any rise in interest could be a squeeze. | 2001-09-06 | |
| TOP PICK | 10.150 | Sandy McIntyre | (Was a top pick on Jan 10/01 up 27%) Total return = 34%. Should grow over the next 5 years. | 2001-08-13 | |
| PAST TOP PICK | 10.100 | Sandy McIntyre | (Was a top pick on Jan 10/01 up 32%) Still likes. | 2001-06-19 | |
| TOP PICK | 9.500 | Sandy McIntyre | New mngmnt team. Should do well. | 2001-05-11 | |
Experts that have talked about Atlas Cold Storage Income Trust
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