Algoma Central Corp T.ALC

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

Industrials

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.

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Algoma Central Corp > Value Investing Made Easy

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Comment by rustybladeson Oct 19, 2023 1:06pm

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Post# 35691195

RE:RE:RE:RE:RE:RE:Value Investing Made Easy

I think the biggest negative for the share price is the small float of publicly traded shares. This makes it difficult to get in and out for larger holders so not much interest from larger investors. The more recent decline over the last few weeks is perhaps due to the possibility of a Seaway strike. Still holding for the income and in no rush to get out. May add more if price decline continues.

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