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Packaged Ice, Inc. (ICY) Message Board

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  • StockInvestorPro StockInvestorPro Jul 27, 1999 10:55 PM Flag

    BRRRRRRRR !!!!!

    are low on purpose. All public companies try to
    low ball their potential numbers to give them some
    breathing room if 'unforeseen' events crop up. In the case
    of ICED this unforeseen event is a $3-5 share price
    which has derailed their accretive acquisition
    strategy.

    While management is kind of screwed by
    having to make a $60MM number without acquistions, time
    will tell if they gave themselves enough breathing
    room. Time will also tell if Wall Street will increase
    their share price enabling their acquisition strategy
    if they do hit the 60 EBITDA.

 

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