TLDR: Algoma Central, a shipping company with primary operations on the great lakes, is a solid company but not quite undervalued. Their assets, if sold at auction in a “firesale” would provide a liquidation value of about $400 million, and the average of three DCF's (each with varying levels of optimism for the future) does not provide a margin of safety for investors.
Put it in a PDF because it looks better: https://docdro.id/Au9wfVc
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