Atlas Cold Storage Income Fund $6.26 - Toronto symbol FZR.UN

ATLAS COLD STORAGE INCOME FUND $6.26 (Toronto symbol FZR.UN; SI Rating: Speculative) provides temperature-controlled storage and logistics services to processors, distributors, food service providers and retailers across North America. Growing losses forced Atlas to halt distributions in 2003. Although it’s now slightly profitable, and has resumed distributions (for a 5.3% yield), the company still trades at over 78 times earnings.

Atlas Cold Storage is a sell.

Scott is an associate editor at TSI Network. He is the lead reporter and analyst for Dividend Advisor, Power Growth Investor and Canadian Wealth Advisor and a member of the Investment Planning Committee. Scott began his investment and financial career working with Pat McKeough at The Investment Reporter in the 1980s. Subsequently, he worked at the Financial Post Corporation Service for 10 years. He joined TSI Network in 1998. He is a Bachelor of Economics graduate of York University, and he also has an M.B.A. from the Schulich School of Business.