Q: Good Morning Peter and Team,
Presently I own shares of Algoma Central (ALC- TSX) which I purchased back in 2010. The shares have nearly doubled from my original purchase price. ALC is effectively controlled by the Jackman Family through EL Financial. I have been looking to switch out of part (or all) of ALC into Contrans Group. (better yield, better growth, family may sell) You mentioned on BNN that the family that owns a large stake in Contrans Group may sell out. I do not think that the Jackman family will sell their stake in ALC in either the short or medium term. I would appreciate your opinion of the above switch. Thank you. DL
Presently I own shares of Algoma Central (ALC- TSX) which I purchased back in 2010. The shares have nearly doubled from my original purchase price. ALC is effectively controlled by the Jackman Family through EL Financial. I have been looking to switch out of part (or all) of ALC into Contrans Group. (better yield, better growth, family may sell) You mentioned on BNN that the family that owns a large stake in Contrans Group may sell out. I do not think that the Jackman family will sell their stake in ALC in either the short or medium term. I would appreciate your opinion of the above switch. Thank you. DL