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 > Value Investing Made Easy

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Comment by Investorguy1234on Jun 29, 2023 10:00am

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Post# 35520308

RE:RE:Value Investing Made Easy

I can only guess why the share price is what it is today. It is mind boggling, especially given what you have laid out in your post regarding dividends. Not that anyone cares what i do but last year i signed up for the dividend reinvestment program and am quite enjoying watching my share tally increase. The company does carry enough debt on the balance sheet so perhaps in the next 24 months when rates start to roll over we will see a significant pop in the share price.

If not I am quite happy with an 11% return.

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