TorstarCorp (B) (TS.B.TO)

A bit of a value trap. With prints and media etc, post media, thinks things will get worse before they get better.

6.1% is an attractive yield but gives her concern. They are adjusting to the digital world but it is too soon to know and there are better places.

Great yield of around 7% and dividend is very well covered but this is in the newspaper publishing business which is a declining business. Having a lot of trouble converting print revenues into online revenues. They are very fortunate having the Metro Land commuter papers as well as owning Harlequin, a global book business. However, book business is going from print to e-books and he questions what the margins will be like. Don’t expect a lot of capital appreciation.

(Market Call Minute) Doesn’t like the assets. Hold for the yield.

Advertising revenues are killing it. The book Fifty Shades of Grey took a chunk out of Harlequin. Dividend is fairly safe. They paid down a lot of debt over the last few years. They say they are looking at tough sledding going forward. He is holding but it is a tough sector.

(Market Call Minute.) Very cheap with a high dividend yield of over 6% but there are a lot of secular challenges in this business.

Not crazy about this business. Advertising revenues in newspapers have fallen off a cliff. Not sure that online material will work for them.

2^nd quarter earnings were nothing to write home about. Excellent yield. PE is extremely low so you really don’t have any concerns about the dividend. Company has stated that they will try to increase the dividends on an annual basis. As a yield stock, it’s okay but on a long-term growth basis, newspaper industry is still under siege from electronics. If you want good, steady dividends for the foreseeable future, it’s a good stock.

A lot of people hate this area because it is media. Not only do they have to deal with the recession, they also have to deal with the Internet and digitalization. Pays a lovely dividend that has gone up in the past year. Have reduced their debt over the past few years. Advertising revenues have gone down recently but the 2^nd part of the year is usually stronger. Likes what management has done. Thinks it can double from this level.