Rochester,NY 8/28/2009 10:32:45 PM
Reddy Ice Holdings, Inc. FRZ, gets Technical Trading Overview from Beacon Equity
Reddy Ice Holdings, Inc.
BeaconEquity.com announces an investment report featuring Reddy Ice Holdings Inc. The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
In the report, the analyst notes:
"The market for packaged ice in the United States reached approximately $800 million in 2008, with gross profits estimates valued at $20.5 million from customers in 30 countries. The ice industry exported $18.3 million worth of ice merchandise to 59 countries. The market is heavily influenced by overall economic growth, weather patterns and consumer spending habits.
"The Company has focused on controlling costs and has benefited from lower input costs associated with the steep decline in energy and related energy costs. Although revenue dropped 2.7% in the third quarter of fiscal 2009 from the same quarter last year, gross margin, operating margin and net margin increased substantially. Net margin rose from 5.55% to 8.2%, a 43.9% improvement to the Company's net margin from last year."
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