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Algoma Central Corp T.ALC

Alternate Symbol(s):  AGMJF

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.


TSX:ALC - Post by User

Algoma Central Corp
Bullboard Posts
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(3)
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Comment by porksnifferon Jan 23, 2020 8:37pm
181 Views
Post# 30591714

RE:RE:RE:Buyback

RE:RE:RE:Buyback
Wildboy wrote: As the share count continues to drop, at some point it will no longer make sense for Algoma to remain a public company and it will become private.


The price is dropping because the earnings are dropping. The debentures and the potential dilution of an addition 3.9 million shares will keep a lid on the price for a while. Access to capital is needed to fund the growth and the fleet. Doubt this will go private. With all the debt it's not as attravtive to be taken private.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities