Q: Hi Peter and the 5i Team,
I am getting on in years so I'm going to test your patience and repeat a earlier question. ALC is showing a P/E of 3. Is there something wrong with the business or company? The numbers still look OK to me but the ROE maybe could be better. Shipping on the Great Lakes stops in the winter when the canals & locks freeze-up. Would the market be anticipating a bad quarter due to the winter shut down? I want to diversify my portfolio by placing more of my cash into the transportation sector.
Thanks
Jim
I am getting on in years so I'm going to test your patience and repeat a earlier question. ALC is showing a P/E of 3. Is there something wrong with the business or company? The numbers still look OK to me but the ROE maybe could be better. Shipping on the Great Lakes stops in the winter when the canals & locks freeze-up. Would the market be anticipating a bad quarter due to the winter shut down? I want to diversify my portfolio by placing more of my cash into the transportation sector.
Thanks
Jim