Q: The last question on ALC was in March. I read that the company has navigated the tariff situation fairly well, has taken delivery of its 100th vessel, has a strong global presence and offers a good dividend. Debt level? Future outlook? Solid investment?
Many thanks.
Many thanks.
5i Research Answer:
Net debt is $560M, with cash flow at $123M in the last 12 months. There are no analysts following the company, but it is quite cheap based on current earnings. Shares are very tightly held with 65% held by three entities. Insiders have been buying a bit. News has been very quiet. It does offer a good dividend and there are solid (saleable) assets backing up the debt. We would not expect much excitement here, but for 'part' of a small cap income portfolio we think it can make sense today. Shares are up 18% for the year. It reports on October 30.