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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 > Stephen Takacsy - BNN - DON'T BUY
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Comment by Tim2Agamion Aug 22, 2024 9:45pm
93 Views
Post# 36192849

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - DON'T BUY

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - DON'T BUY
Thor16 wrote: So you are suggesting buy on short term weakness?

Or panic sell based on something that doesn't affect the long term fundamentals of the company in any way and lock in some losses?


The practice has been to adhere to proposition (a) But that was back in the 2020's in assembling the current holdings in the portfolio. 

However, I would hardly call the extended period of "weakness" since the end of 2022 anything but "short term", or offering any similar opportunities to add, even if it tests the $14 level again.
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