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Gold/Mining/Energy : ARCTIC GROUP AGP-ASE
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To: Ice-Man who wrote (34)3/26/1998 6:24:00 PM
From: Roy Cetlin  Read Replies (1) of 101
 
I added to my position - though this time with the stock. I think there is both long term and short term potential for Arctic. I understand they will continue to quietly buy up regional ice companies - I call them the PAC Man of the ice business. I say quietly, because this seems to be a very profitable type of business that most conglamorates have not noticed, as it can't be profitable shipping bags of ice across a country from a central distribution centre. However, by Arctic putting together a national distribution network of
local companies, they will ultimately become very attractive to someone major conglamorate. There lies the real payoff with this stock. As long as no one notices what they are doing - they can acquire these properties at affordable prices.

If it's a hot summer - we win again!

Best regards,

Roy
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