Thanks for the kind words Mike. If I'm able to provide any value at all to readers (a big if) it's by writing about companies that are off the beaten trail. Algoma definitely qualifies
Thanks Doug. I felt the same. It was a lot of fun learning about Algoma, shipping on the Great Lakes, and these Laker ships, even if an investment doesn't come from it.
I don't have particular updates or updated thoughts. Tariffs will increase some of Algoma's costs, and any large decrease in global trade will obviously hurt. But Algoma is one of the best capitalized companies, is well diversified by industry, and the goods Algoma ships will still get shipped, though slightly less than them. I don't think I'm smart enough to analyze the long term impacts of a trade war, but I'm reasonably confident that Algoma will weather the storm as well as anybody.
Thanks for taking the time to reply. Much appreciated. I agree with you. I'm tired of all the Tech hype. And with so much going on that makes the world unstable, I'm looking for ballast for my portfolio (no pun intended). 😂 Nice work on this post. Hope you have the time to share some other thoughts. I know it's a lot of work to develop and write. I've tried. It's exhausting. Thanks again for answering and thanks for your Substack.
Finally, someone has talked about a stock that I actually own. I feel like a younger Warren Buffett now..
Thanks for this writeup; you did a great breakdown of a company that no one seems to see.
Thanks for the kind words Mike. If I'm able to provide any value at all to readers (a big if) it's by writing about companies that are off the beaten trail. Algoma definitely qualifies
I love reading about companies like this even if it’s not a good prospect for me. Thank you for sharing your write up.
Thanks Doug. I felt the same. It was a lot of fun learning about Algoma, shipping on the Great Lakes, and these Laker ships, even if an investment doesn't come from it.
Any updates since the Trump tariffs?
I don't have particular updates or updated thoughts. Tariffs will increase some of Algoma's costs, and any large decrease in global trade will obviously hurt. But Algoma is one of the best capitalized companies, is well diversified by industry, and the goods Algoma ships will still get shipped, though slightly less than them. I don't think I'm smart enough to analyze the long term impacts of a trade war, but I'm reasonably confident that Algoma will weather the storm as well as anybody.
Thanks for taking the time to reply. Much appreciated. I agree with you. I'm tired of all the Tech hype. And with so much going on that makes the world unstable, I'm looking for ballast for my portfolio (no pun intended). 😂 Nice work on this post. Hope you have the time to share some other thoughts. I know it's a lot of work to develop and write. I've tried. It's exhausting. Thanks again for answering and thanks for your Substack.
Thanks for sharing