103-year-old meat producer forced to seek bankruptcy protection [Yahoo! Finance]
Americold Realty Trust, Inc. (COLD)
Last americold realty trust, inc. earnings: 2/20 04:10 pm
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Source: Yahoo! Finance
was the sole reason the 103-year-old company was forced to file for bankruptcy protection. CEO Paul Bardinas said the company tapped its credit line in January for $7 million as it ramped up production of corned beef, which makes up a large portion of the company's annual sales, ahead of St. Patrick's Day. “Throughout the year, we typically operate just on our cash reserves, and we're able to function week to week because we're a solvent company — and we were — until this happened,” Bardinas told FreightWaves. “We were actually looking forward to a profitable first quarter and a good St. Patrick's Day, but we did have to borrow money to build this inventory and to store it.” Family-owned Freirich Foods, headquartered in Salisbury, North Carolina, has been operating since 1921. Bardinas said he's the fourth generation involved in the company's day-to-day operations. While Bardinas declined to name the cold storage facility, Freirich Foods' Chapter 11 bankruptcy petition, filed
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News
- Americold Realty Trust, Inc. (NYSE: COLD) is now covered by analysts at Wells Fargo & Company. They set an "equal weight" rating and a $24.00 price target on the stock.MarketBeat
- Americold: Leaving Investors In The Cold [Seeking Alpha]Seeking Alpha
- Perishable Goods Transportation Market To Reach USD 29.8 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Americold Realty Trust, Inc. Sets Date for First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- Century Old Meat Producer Goes Bankrupt After 'Temperature Abuse' [Yahoo! Finance]Yahoo! Finance
COLD
Earnings
- 2/22/24 - Miss
COLD
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form DEF
- COLD's page on the SEC website