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

Trading with a discount broker could actually cost you money

Trading with a discount broker could actually cost you money

In 2019, trading online through a discount broker, rather than with a full-service broker, has become the preferred option for many investors. But risks remain.
The main advantage of switching to a discount broker is lower commissions. And commission rates can be even cheaper if you… Read More

Identify and Avoid a Costly Speculation Boom

Identify and Avoid a Costly Speculation Boom

Avoid costly mistakes in penny stock and venture capital investments by navigating speculation booms
In the 1990s and early 2000s, many Internet stocks rose to extraordinary heights based on the number of visits to their websites, rather than dollars in their bank accounts. Back then, lots… Read More