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Algoma Central Corp.
Symbol: ALC-T
Active: Y
Sector: Transportation
Notes:Owns and operates fleet of vessels that carry raw materials such as coal, grain, ore, salt, and sand plus petroleum products.
Last Price: 116.260
Last Price Date: 2012-05-17 20:39:29
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Experts who have talked about Algoma Central Corp.

TOP PICK98.000Barry SchwartzLargest seaway vessel shipping company on the St. Lawrence and the Great Lakes. Efficient ships. Long-term contracts of 3 to 5 years with price escalation and inflation protection. Expect they will earn $12 a share this year and could earn $13-$14 next year. A lot of hidden assets that no one has given any value for.2011-11-21
PAST TOP PICK89.000Barry Schwartz(A Top Pick Oct 5/10. Down 2.46%.) Ships dry goods on the St. Lawrence. Made a huge acquisition and is now a dominant player. Book value is well over $120 and expects it will earn $12 a share. Good value.2011-10-20
PAST TOP PICK97.000Barry Schwartz(Top Pick May 25/10, Up 33.68% total return) Changed company in one year already. Bought out their partner. Trading we;; below book value. Have ordered a number of new ships from China. Exciting growth company.2011-05-24
TOP PICK93.000Barry SchwartzHe started buying CP and saw Warren Buffet buying a railroad at 20x earnings. Algoma is 10x earnings this year. Dramatically undervalued even with this run-up. Dividend increased every year since 2004. Limited shares available so don’t place market orders.2010-10-05
BUY83.000Barry SchwartzCanada’s largest domestic shipping fleet. Trading at much lower valuation than rail. Crazy cheap. Thinks earnings will get back to 2007 levels. Not liquid, buy with limit orders. Pays a dividend.2010-08-10
TOP PICK74.000Barry SchwartzUnder followed. Have Canada’s largest domestic ships. If you think we are on the cusp of an economic rebound then this one will participate. It’s a little bit of a growth company. Nice collection of assets. 5 new ocean going tankers by end of 2011.2010-05-25

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