Q: Pat, I would like your opinion on Algoma Central Corp. (ALC). It has been a few years since you have commented on it. They have recently purchased new tankers and announced that they are fully booked for the season.

A: Algoma Central Corp., $13.04, symbol ALC on Toronto (Shares outstanding: 38.4 million; Market cap: $500.8 million; www.algonet.com), owns and operates Canada’s largest domestic fleet of vessels operating on the Great Lakes/St. Lawrence Waterway. This includes self-unloading, dry-bulk carriers; dry-bulk carriers; and tankers for liquid… Read More

Real-return Bonds and How They Compare to Regular Bonds

Real-return Bonds and How They Compare to Regular Bonds

Real-return bonds pay a return adjusted for inflation. But when you buy a real-return bond, you are only protecting yourself against unanticipated rises in inflation.
Real-return bonds pay you a rate of return that’s adjusted for inflation, but that’s not always as promising as it seems.

When… Read More

Buying U.S. Stocks in Canada Provides International Exposure

Buying U.S. Stocks in Canada Provides International Exposure

Investors buying U.S. stocks in Canada can get international exposure—especially when looking at the Consumer sector for investments
For decades, we’ve advised Canadian investors to spread their holdings out geographically between Canadian and U.S. stocks. Our view is that virtually all Canadian investors should have, say,… Read More

Is Value Investing Still Relevant? Absolutely, If Done Correctly

Is Value Investing Still Relevant? Absolutely, If Done Correctly

Is value investing still relevant? Value investing has been used by many investors, in conjunction with other investment considerations, to profit over long periods
Is value investing still relevant? Yes—and here are some tips on how to do it successfully:

Value stocks are generally good bargains,… Read More