Reddy Ice (fka RDDYQ)

[BRIG_88]

Once upon a time there was a cool company called FRZ that got in trouble with the DOJ....the whole management team got fired and the company is going to settle with the DOJ imo....Unca BRIG

[Fishin' Canuck]

hee hee

Read me another story Unca BRIG?

[BRIG_88]

It's good to see Vanguard in there as well

[zsvq1p]

Yahoo says 45% of float is held by Institutional & Mutual Fund...

the largest is Philip Falcone 9% or so... http://www.harbingercapital.com/html/about.html


TOP INSTITUTIONAL HOLDERS

Holder Shares % Out Value* Reported
Harbinger Capital Partners Master Fd I, Ltd 2,200,000 9.74 $11,968,000 30-Sep-09
AVENIR CORPORATION/DC 1,708,085 7.56 $9,291,982 30-Sep-09
JP MORGAN CHASE & COMPANY 1,428,550 6.33 $7,771,312 30-Sep-09
Arbiter Partners, LP 870,519 3.86 $4,735,623 30-Sep-09
FMR LLC 573,490 2.54 $3,119,785 30-Sep-09
Ironwood Investment Management, LLC 526,790 2.33 $2,865,737 30-Sep-09
VANGUARD GROUP, INC. (THE) 476,745 2.11 $2,593,492 30-Sep-09
RENAISSANCE TECHNOLOGIES, LLC 437,100 1.94 $2,377,824 30-Sep-09
Invesco Ltd. 293,807 1.30 $1,598,310 30-Sep-09
DIMENSIONAL FUND ADVISORS LP 216,274 .96 $1,176,530 30-Sep-09


TOP MUTUAL FUND HOLDERS

Holder Shares % Out Value* Reported
JP MORGAN SMALL CAP EQUITY FUND 1,205,640 5.34 $4,762,278 31-Oct-09
VANGUARD TOTAL STOCK MARKET INDEX FUND 293,594 1.30 $484,430 30-Jun-09
ING INV TR-ING/JP MORGAN SMALL CAP CORE EQUITY PORTFOLIO 162,950 .72 $886,448 30-Sep-09
VANGUARD EXTENDED MARKET INDEX FUND 139,278 .62 $229,808 30-Jun-09
BRIDGEWAY FDS INC-ULTRA SMALL COMPANY MARKET FD 110,000 .49 $598,400 30-Sep-09
Schwab Capital Trust-Schwab U.S. Fundamental Small-Mid Co In 81,610 .36 $220,347 31-Jul-09
Maxim Series Fund Inc.-Small Cap Value Port 67,500 .30 $367,200 30-Sep-09
FEDERATED HIGH YIELD TRUST 56,850 .25 $309,264 30-Sep-09
NORTHERN SMALL CAP VALUE FUND 41,900 .19 $227,936 30-Sep-09
Transamerica Partners Fd-Small Core Port 40,100 .18 $218,144 30-Sep-09

[BRIG_88]

LOL...not on this one...not a no brainer but i think it's a good turn around story

[Fishin' Canuck]

I thought I'd jump in before threats of bodily harm started flying around

[BRIG_88]

Welcome aboard....i saw a post on yahoo that stated the filings from Ameriprise were a liquidation...i find these filings confusing at times....at any rate JPM is has decent position in FRZ

[Fishin' Canuck]

In at 5.75

[BRIG_88]

FRZ green again this morning....a nice slow roller

[BRIG_88]

The filing means the transaction has been executed

[Rainman21]

I'm an amateur with this kind of stuff -- they filed it on the 12th, does that mean all the buying was done previously, some was done previously with more to come, or do you have to file before the buying can start? It would explain the very steady rise over the past few weeks if you have that many shares constantly lingering around on the Ask, but if it wasnt a part of whats happened so far, boy the places it could take us

Thanks for the k-nowledge

[BRIG_88]

26 filings total in Feb alone i see in that link....FRZ is being loaded up on.

[Rainman21]

AMERIPRISE fillings from last Friday, they ready to load up?

http://www.sec.gov/cgi-bin/browse-edgar?CIK=0000820027&action=getcompany

[BRIG_88]

I haven't researched the new management team yet

[zsvq1p]

Mr. Cassagne was a director here...
Boo Koo Holdings, Inc [BOKO] now Performing Brands, Inc

Boo Koo Holdings, Inc. (OTCBB: #board-3787 BOKO) will be launching their new beverage BooKoo Burner+ with Coca Cola Bottling Company Consolidated “Coke Consolidated” (NASD: COKE). Boo Koo is a new and exciting beverage company that develops, produces, markets, and distributes energy drinks under the Boo Koo and Gazzu brand names. Coca-Cola is the nation’s second largest bottler in the United States.

BooKoo+ is the first in a long line of energy drinks to add protein with the common energy drink ingredients such as taurine, ginseng, caffeine, and b vitamins. The energy drink contains 20 grams of whey protein, has no sugar and is non-carbonated. Ultimately, it provides the necessary energy to the individual combined with sufficient protein.

“The launch of BooKoo Burner through one of the largest bottlers represents a significant opportunity to rapidly penetrate the energy beverage market,” stated Steve Solomon, Chairman of Boo Koo. “BooKoo Burner+ is a revolutionary development for the energy drink category. In the past, some people drank an energy drink as well as a not so good tasting protein drink. BooKoo has mastered the formula to provide both energy and protein in a great tasting beverage.”

BooKoo Burner will comprise of three mouth-watering flavors; Dangerine, a refreshing raspberry flavor with a blend of tangerine; Pummelgranite, a delicate combination of pomegranate and blackberry; and Main Lime, a smooth and cooling lime flavor that has a balance of sweetness and tartness. All three flavors will be available in 16 oz cans.

“We believe BooKoo Burner represents an exciting addition to the energy beverage market, and look forward to using our broad distribution network to provide consumers with the opportunity to enjoy the product,” commented Mel Landis, Sr. Vice President of Boo Koo.

So he knows failures... good.. I think that build character.

[zsvq1p]

Can this guy turn it around?

Director, President and Chief Executive Officer
Reddy Ice Holdings, Inc.
Dallas , TX
Sector: CONSUMER GOODS / Processed & Packaged Goods
Officer since June 2008

52 Years Old
Gilbert M. Cassagne, 52, became Chief Executive Officer and President of the Company, and a member of the Company's Board of Directors, on June 23, 2008. Prior to joining Reddy Ice, Mr. Cassagne was chief executive officer of Cadbury Schweppes Americas Beverages (Dr Pepper Snapple Group Inc), a division of the multinational consumer products company Cadbury Schweppes, from February 2003 to October 2007, where he also served a part of the executive board. Mr. Cassagne has held numerous other positions within Cadbury including Regional President of Asia Pacific and President of Motts. Prior to Cadbury Schweppes, Mr. Cassagne also worked for consumer products and beverage companies such as Procter & Gamble and Dr Pepper/Seven Up, Inc., prior to its acquisition by Cadbury Schweppes in April 1995. It is anticipated that the Board of Directors will elect Mr. Cassagne as Chairman of the Board of Directors following the Annual Meeting.


Cadbury Schweppes Americas Beverages
and more... Beverage America and Select Beverages bottlers were purchased from the Carlyle Group in February 1998.[3] Snapple, Mistic and Stewart's (formerly Cable Car Beverage) was sold by Triarc Companies, Inc. to Cadbury Schweppes in 2000 for $1.35 billion[4] In October of that same year, Cadbury Schweppes purchased Royal Crown from Triarc.[5]

In 2006 and 2007, Cadbury Schweppes purchased the Dr Pepper/Seven Up Bottling Group (DPSUBG), along with several other regional bottlers. This allowed DPS to bottle many of its own beverages and combat the recent decision by many Pepsi and Coke bottlers to drop their products. Some of the Dr Pepper/Seven Up brands are still licensed to Pepsi, Coke and independent bottlers in various regions of the United States.

Cadbury Schweppes announced it would take the beverages unit public in November 8, 2008. In May 2008, Cadbury Schweppes demerged, with its beverage holdings forming the Dr Pepper Snapple Group.

Dr Pepper Snapple Group holds naming rights to Dr Pepper Ballpark and the Dallas Stars' practice facility, the Dr Pepper Star Center, both of which are located in Frisco, Texas. It also retains non-alcoholic beverage rights to each facility's concessions as a result of the deals as well as sponsorships with the NHL franchise.

He did this so he must be smart!
Recent Trades of Reddy Ice Holdings Inc. by CEO:


•Buy: CEO & President Gilbert M. Cassagne bought 3,330 shares of FRZ stock on 07/17/2009 at the average price of $1.6; the price of the stock has decreased by 0% since.


•Buy: CEO & President Gilbert M. Cassagne bought 18,750 more shares of FRZ stock on 07/16/2009 at the average price of $1.6; the price of the stock has decreased by 0% since.


•Buy: CEO & President Gilbert M. Cassagne bought 18,750 more shares of FRZ stock on 07/13/2009 at the average price of $1.58; the price of the stock has increased by 1.27% since.


•Buy: CEO & President Gilbert M. Cassagne bought 18,750 more shares of FRZ stock on 07/08/2009 at the average price of $1.59; the price of the stock has increased by 0.63% since.


•Buy: CEO & President Gilbert M. Cassagne bought 6,750 more shares of FRZ stock on 07/02/2009 at the average price of $1.6; the price of the stock has decreased by 0% since

http://freerealtime.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=3698401&PersonName=GILBERT%20M.%20CASSAGNE

Paul D. Smith
Executive Vice President and Chief Operating Officer
Paul D. Smith was appointed Executive Vice President and Chief Operating Officer effective September 15, 2008. Prior to joining Reddy Ice, Mr. Smith was employed by Cadbury Schweppes PLC, a multinational consumer products company, from 2001 to 2007. Mr. Smith served Cadbury in various positions, including Senior Vice President– Sales Operations and Supply Chain, Regional Director – Supply Chain for Europe and the Middle East and Senior Vice President – Technical and Concentrate Operations for Dr. Pepper/Seven Up. Prior to joining Cadbury in 2001, Mr. Smith worked for 22 years in various operational roles for Pepsico, Inc. and Procter & Gamble

[zsvq1p]

Brig... The company must view any of those aquisitions as immaterial. Since June '09, they have spend $15 million on Capital Expenditures which is 5% of total revenues.

What may hold the stock back to is book value. It is horrible. but still the ole saying is... cash is king!

This is new mgt though... right? I'm going to look at who these new folks are... Who are these folks??

[BRIG_88]

Someone on yahoo posted about them making an acquisition...not sure how accurate that is

[zsvq1p]

Yes, that is true and they may even get another extension.

but that Stockholder Equity is an issue... and not to forget about the coming fine... maybe $10-$20 million?? Any ideas on how they can get that to $75 million?

[BRIG_88]

It looks like the NYSE has accepted their plan...this has been going on since 2008....as the stock climbs i think all this goes away

[zsvq1p]

Humm... You sure about that?
It seems to me they have a plan... extention given until August 13, 2010.

It looks like they are failing the IV) Assets and Equity Test* i) at least $150,000,000 in global market capitalization**; and
(ii) at least $75,000,000 in total assets together with at least $50,000,000 in stockholders' equity, in each case as adjusted pursuant to Sections 102 .01C(I)(3)(a) and (b) as applicable.

i) Right now Mkt cap is 129.38M (THIS FAILS)
ii) Total Assets $469,326,000 (this OK) and Total Stockholder Equity 10,282,000 (THIS FAILS)

They may make the Mkt cap needing $7/share... but it does not appear they will make the $75 million Stockholder equity...


REDDY ICE’S CONTINUED LISTING PLAN

ACCEPTED BY NEW YORK STOCK EXCHANGE

8K

FEBRUARY 13, 2009 - DALLAS, TEXAS — Reddy Ice Holdings, Inc. (NYSE:FRZ) (“Reddy Ice” or the “Company”) today announced receipt of notice that the New York Stock Exchange (“NYSE”) accepted the Company’s plan for continued listing.

As a result, the Company’s stock will continue to be listed on the NYSE, subject to quarterly reviews by the NYSE’s Listing and Compliance Committee to ensure the Company’s progress toward its plan to restore compliance with continued listing standards. On November 18, 2008, the Company announced that it was below continued listing criteria because its average global market capitalization over a consecutive 30 trading-day period and total stockholders’ equity were each less than $75 million.

http://www.sec.gov/Archives/edgar/data/1268984/000110465909009682/a09-5713_18k.htm

[BRIG_88]

No risk imo...they are back in compliance

[zsvq1p]

I think they just beat ($.26) per earnings est... Seem to me, it's all going to depend on gains from taxes... $7 mill get's them ($.19)/share or $5.5 mill gets them ($.26) per da Analyst Opinion...

Source Wachovia...

[zsvq1p]

Just looking at some risk to decide if I really pop this one...
Any of you guys looked at this? means in the next 6 months this stock would need to be moved off NYSE...Humm?? just looking at it appears they are going to have to move?

Our common stock could be delisted from the New York Stock Exchange.

The continued listing standards of the NYSE require us to maintain, among other things, a market capitalization or stockholders equity above a specified threshold. As a result of the decline in our stock price and the reduction in our stockholders' equity resulting from the impairment of our goodwill as of September 30, 2008, we were notified by the NYSE in November 2008 that we are not in compliance with their continued listing standards. On February 13, 2009, the NYSE accepted our plan to achieve compliance with the continuing listing standards within 18 months. The NYSE will monitor our performance under the plan on a quarterly basis. To the extent we cannot meet the applicable standards during the required period, or if the NYSE determines we are not satisfying our obligations under the plan to achieve compliance, our stock could become delisted. We cannot assure you that we will be able to maintain our listing with the NYSE, or list on an alternate stock exchange in the event our common stock is delisted by the NYSE. A delisting of our common stock could materially and adversely affect, among other things, the liquidity and market price of our common stock; the number of investors willing to hold or acquire our common stock; and our access to capital markets to raise capital in the future.

These are NYSE requirments...

Alternative #1 - Earnings Test

Aggregate pre-tax income for the last 3 years (d) $10 million
Minimum in each of the 2 most recent years
Third year must be positive $2 million
OR
Aggregate pre-tax income for the last 3 years (d)
$12 million
Minimum in the most recent year $5 million
Minimum in the next most recent year $2 million

Alternative #2a - Valuation with Cash Flow
Global Market Capitalization (f) $500 million
Revenues (most recent 12-month period) $100 million
Adjusted Cash Flow:
Aggregate for the last 3 years
All 3 years must be positive $25 million

Alternative #2b - Pure Valuation with Revenues
Global Market Capitalization (f) $750 million
Revenues (most recent fiscal year) $75 million

Alternative #3 - Affiliated Company
For new entities with a parent or affiliated company listed on the NYSE
Global Market Capitalization (f) $500 million
Operating History 12 months
Parent or affiliate is a listed company in good standing
Company's parent or affiliated company retains control of the entity or is under common control with the entity

Alternative #4 - Assets and Equity
Global Market Capitalization (f) $150 million
Total Assets $75 million
Stockholders' Equity $50 million

REITs
Stockholders' Equity (b) $60 million

[Tina]

thanks :)

[BRIG_88]

5.48...down to 5.38.....FRZ has options as well

[Rawnoc]

Their business is highly seasonal being in the ice business. So the results coming out will likely show a large net loss.

[Tina]

not bad last two quarters

and not that this means much

1y Target Est: 13.50

[Rawnoc]

We just bought in Thursday I think? 5.60s?

We were under ice, eerrrr, water on Friday but it then recovered and closed nicely.

[Tina]

what's your original pps?

I bought probably too many clwr than I wanted on Friday but may transfer some funds to pick up a few Tuesday.

going to try and catch up on some of the posts before asking more questions.

[BRIG_88]

FRZ cc next Friday at 10 am

[BRIG_88]

Hang in there....easy double imo

[zsvq1p]

I don't know about a Ton... but made enough for dinner already...lol

[BRIG_88]

You will make a ton of money on FRZ with that buy

[zsvq1p]

I know... I got lucky! I was mess'n around with Rawnoc and all the sudden the stock took a dive.. lol... by the time I got around to hitt'n the mkt buy button... wham... 5.57...

[BRIG_88]

FRZ dips and closes green on the day...onward

[BRIG_88]

I think you got a nice entry on the dip this morning

[Rawnoc]

Wise.

[zsvq1p]

I'll feel stupied if this one goes down!

I put this stock in my bad luck account... that account is down 50% and needs some love.

[zsvq1p]

here is a compare of some food stocks near same mkt cap... someone thinks future pps will be $13

[Rawnoc]

Okay....stupid. Feel better?


j/k lol.....Wise imo

[zsvq1p]

lol... wise?? who knows..

[Rawnoc]

Wise.

[zsvq1p]

I'm gonna start with 375 shares... at 5.57

[Rawnoc]

Yes, this is a nice ice pick.

[BRIG_88]

That was right in front of the market decline so i'm not surprised financing fell through....however it illustrates FRZ is worth more than it's current stock price.....now we wait for that DOJ settlement and we head higher imo

[zsvq1p]

I'll try and do a compare of 1.1 billion companies...

1.1 BILLION? wow! Interesting... In 2008 Mkt was at peek.. most companies higher...

GSO Capital Partners has agreed with Reddy Ice Holdings, a US manufacturer and distributor of packaged ice, to terminate its $1.1bn purchase agreement.

Under the terms of the settlement agreement, Reddy Ice will be paid $21m in cash on 5 February 2008, according to a statement. Reddy Ice has agreed to pay up to $4m of fees and expenses incurred by GSO and its third-party consultants in connection with the contemplated transactions.

William P Brick, Reddy Ice's chairman and CEO, said, 'In recent weeks, the company and GSO have negotiated in good faith to craft an alternative transaction. Ultimately, due to the condition of the financing markets, no definitive proposal for a modified buy-out transaction was presented and the parties were not able to reach agreement on any other alternative transaction. Nonetheless, we will continue to explore transactions with GSO and to review other alternatives available to the company.'

GSO manages a multi-strategy credit hedge fund, a mezzanine fund, a senior debt fund and various CLO vehicles. Earlier this year, The Blackstone Group agreed to acquire GSO for up to $930m.

[BRIG_88]

The market cap is a joke....check out this article from 2 years ago....imo this deal went away as a result of money drying up in the markets

http://www.altassets.net/private-equity-news/article/nz12644.html

[zsvq1p]

yes brig... I think you made a nice pick.. we'll see.

[zsvq1p]

about 151,900 shares shorted shorted... Short Percent of Float 0.73 %; Looks like folks afraid to short this one... that's good.
http://www.shortsqueeze.com/?symbol=frz