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Bullboard - Stock Discussion Forum 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... see more

TSX:ALC - Post Discussion

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Post by stockpunter on Apr 25, 2022 12:51pm

up

The ONLY stock I own that is up today is ALC.  Moving stuff by ship or train costs 1/10th of what it costs by truck, so when oil is high...
Comment by Investorguy1234 on Apr 26, 2022 10:42am
I honestly do not know why this stock isn't $ 25. plus. Extremely well run, great balance sheet, prints money, 4% dividend and yet it trades between a real narrow band. i guess it's not sexy enough. I am with you one of the only stocks up yesterday and today.  It's like nobody knows about the stock.   GLTA
Comment by DanGood38 on Apr 26, 2022 10:54am
Oh they know. The stock does suffer from lack of liquidity and size so most mutual funds will give it a pass. Even holding it in my TD Waterhouse account gives me limited margin as the powers that be don't like it's liquidity. Most "invesors" are looking for that quick fix. I'd rather have a long lasting buzz.
Comment by Thor16 on Apr 27, 2022 11:27am
Perhaps a couple of these could be phrased as questions and asked at the up-coming AGM?  Would be worthwhile to hear management feedback on a couple of these topics.
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