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 Maxmoeon Oct 23, 2023 10:27am

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Post# 35696148

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

I'm waiting for the strike related sell off as well. So it probably won't happen. Also, 5% dividend doesn't matter much when 1) the stock does nothing , and 2) 2 year Canada bond now pays 5%. "Risk Free". The tax advantage is under threat by the lib/NDP and it's moot in my tfsa or rsp anyway. Such a boring stock. It's neck and neck with ADN which will put you to sleep faster. Oh well, I got room for a couple of the boring kids on my bus.

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