Investment-advisor Avenir Corporation flipped from a passive to an active investor, saying it may consult with Reddy Ice's management "on a wide range of matters relating to protecting and enhancing existing shareholder value. Such matters may include, but are not limited to, capital structure, capital allocation, management and strategic direction." Avenir currently owns 1,777,724 shares (9.4% of the total outstanding). The firm originally emerged as a more-than-5% shareholder in early 2008, but its stake dropped below the 5% threshold in May of this year. From June 5 to July 30, Avenir acquired 336,217 shares at $1.52 to $2.56 per share.

Noonday Asset Management sold its entire holding, disposing of 1,621,906 shares from July 6 to 23 at $1.59 to $2.19.

Ice. Need I say more

?

Buyout stock offer at $31.25

From Barron's 8-6-07:

"Shamrock Activist Value Fund said it recently demanded a shareholder list from Reddy Ice, so that Shamrock could communicate with other shareholders regarding Reddy Ice's proposed merger with GSO Capital Partners. In early July, Reddy Ice agreed to be acquired by GSO Capital in a deal valued at $31.25 a share. Shamrock holds about 1.4 million shares (6.43%)."

bloomberg recommended

Industry leader. No real competition. Big play on natural disasters (i.e. hurricanes).

we all need more ice than our fridges make when we have parties.
Little competition
Solid fundamentals

great dividend with decent growth