Q: What do you think of ALC? Earnings appear to be good, they have been buying new lower operating cost ships which are being financied through debt (the Jackman family sees no need to issue stock), according to the Royal Bank they have the highest ROE of all companies in their group. (They are probably the only company in that group!). I feel the economy is picking up so there should be a need for their ships. They ship materials to Hamilton's steel mills. The stock has recently split 10 for 1 and I think a dividend increase could be in the offing once some of the debt is paid down.
Thanks Jim
Thanks Jim