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Algoma Central Corp T.ALC

Alternate Symbol(s):  T.ALC.DB.A | AGMJF

Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers’, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Company’s 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.


TSX:ALC - Post by User

Comment by dangoodon Nov 09, 2021 9:06pm
140 Views
Post# 34107784

RE:A new Ben Graham stock

RE:A new Ben Graham stock This one is actually a favorite of value guys and has been for many years.If you look at some of the publications from the Ben Graham Centre for Value Investing at the Ivey School of Business it was first mentioned as a value play back in 1991 and many years thereafter. I also held a company named H. Paulin that was also featured for many years as a value play until it was bought out in 2012. The funny thing was when I attended the meeting in Toronto to approve the sale I was at first the only one in the room. The cold cut spread looked appetizing but I felt a little naked. Subsequently the suits showed up and I was able to chow down as much as possible. Some farmer guy was there but that was basically it for public shareholders. My point being value investing is a lonely road and having the faith to hold relatively illiquid securities has its challanges but the rewards are there. 
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