FP Newspapers Inc (FP-X)

Thinks the newspaper business is going to have some fundamental issues going forward that are going to be fixable. None of the younger generation take newspapers.

He has a big position. Very well managed. It is News Papers so they are under pressure for advertising revenues. The dividend is very sustainable now. Yield is 12% and they should be able to sustain that for years.

Considers it a big community news paper. Won many awards for content. Older readers. Been accumulating shares for years. Technology is having an impact but their subscriptions are stable. Dividend is very high and very safe. Management has managed the company well. One of his biggest holdings.

The holding company for the Winnipeg Free Press. None of the newspaper companies are a good place to be, due to the problems of shifting from paper to digital.

Cyclical company, pure value stock. Declining business. Risky, nice dividend that is probably ok. Yield under 14% is signaling a cut. It might be priced in, however.

Wouldn’t go near this one. Newspaper business is very challenging. Successful ones will start to earn digital revenues and will probably be okay. The smaller ones readership is getting old and probably won’t go online to read them. 15% dividend tells you there is a lot of risk..