Algoma Central (ALC) added 6% on the back of its Q3 pre-release, which showed revenue of $288M accelerating to 26% growth…

… on the back of higher freight rates, dry-bulk fleet expansion, and strong grain/construction volumes. Together with a $9M gain on sale from two older ships, earnings look set to climb nearly 40%…

… validating management’s prior decision to raise the dividend by almost 50%, which drove a ~30% move in the stock and brought the multiple back in line with its long-term average.

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