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Gold/Mining/Energy : ARCTIC GROUP AGP-ASE -- Ignore unavailable to you. Want to Upgrade?


To: maxed who wrote (83)6/12/1999 2:18:00 PM
From: Jim Bishop  Respond to of 101
 
Well I have a very vested interest in this thing getting back to the $3 plus I paid for it. I liked it at $3 and thought it worth it, but have learned a lot in the last year, and got caught up in a bit of a promo with it last year. At the time I thought $3 had little downside, I am much wiser now.

Management, yes I have confidence in them. I think maybe the expansion was a bit too rapid last year, check the releases, it seemed like they were buying someone out every week.

I think this deal with Coke could just be the kick in the butt they need, and we certainly are coming into ice season.



To: maxed who wrote (83)6/13/1999 9:07:00 PM
From: SurfForWealth  Read Replies (2) | Respond to of 101
 
Hello eddy, I bought into AGP about 3-4 months ago @$1.84 and feel very good about their prospects. I plan to keep it as a long term hold and feel the upside potential is solid. It does appear as though it will be a very hot and nice summer and certainly has been so far. If you haven't already done so, get a copy of their 1998 annual report which they mailed out about 4 weeks ago. I read mine front to back and it does a fine job of explaining in great detail their business plan. The Coke announcement should certainly help as should the brand recognition under the Arctic Glacier name. I have come across some very positive analyst comments here and there as well. Try a search under the Financial Post. They have a plan to increase the price charged for the ice once they have solidified their market share and consolidation citing customer being non price sensitive. Think how this could effect their margins. Hmmmmmmmm!!!! Cheers!!!

PS. Hello Jim, thanks for keeping the thread up to date with the NR's.