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

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Post by indoubtgetouton Nov 02, 2020 3:35pm

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Post# 31824256

Q3-20 Earnings WEDS.

Should be a blow out! With all the problems transporting across the borders, shipping should be a boom for ALC. Looking for better than 34 cents EPS. Interesting how old ALC is and it has had no takeover offers.....E-L Financial would sell in a hearbeat with the right offer. Historically, ALC good to buy under $13 and strong dividend history makes this one very attractive at current prices.

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