TSE:TS.B

TorstarCorp (B) (TS.B.TO)

0.74
-0.00 (0.00%)
as of Aug 7, 2020, 8:00:00 pm Market Open.
19 watching
0
DON'T BUY
Newspaper business is in a long-term decline.
DON'T BUY
The company has come down a ways. They are diversified which is good, they have a legacy. Not cheap enough for entry.
DON'T BUY
Not too excited about a couple of their recent moves. Have the largest daily circulation in the country. Terrific franchise. In the past 10 or so years, a lot of their income was coming from Harlequin Books, which has been hit by currency and competition.
SELL
Recently sold his holdings. Always viewed it as excellent value, but in the end couldn't identify what the catalyst would be to unlock the value. If you own, keep some, but also sell and diversify elsewhere.
TOP PICK
Under owned and under loved. Had a long Bear and he thinks there is a low in place. Had a higher low. Might be a bit early on this one. (Doesn't own stocks, but has a relationship with them.)
SELL
Newspaper industry has been, and continues to be a value trap for the last 5 years. Business is slowly eroding. Multi-voting shares and would be difficult to sell it.
WEAK BUY
Has been a poor performing stock until recently. Everybody who wanted to get out of this is pretty much out of it, so the pessimists are gone. Good dividend. Made some investments that are in higher growth areas.
DON'T BUY
Trades at about 17 X earnings, which is a high multiple for a company that has under performed. Changed a lot of management in the Toronto Star and it will have to be seen if that will work out or not.
DON'T BUY
There are some issues of change of management. A difficult story.
DON'T BUY
Has been a disappointment. Earnings growth has not really been there. Good dividend.
TRADE
Stock did have some potential. Now it is below 200 day average. If you are a long term holder, suggests to hold it as long as it stays above $21.00. Sell if stock goes below $21.00. Recommends jumping to a gold stock instead.
TOP PICK
Out of favour and analysts have been down on it for some time. Has recently broken out to the upside with heavy volume. Has 2 main divisions, the newspapers and Harlequin, the romance publisher. Harlequin's results have been soft last year. There are several scenarios that could occur, such as an income trust, a spin off. 2.8% dividend.
TOP PICK
2.9% dividend. A stock for patient investors. Stock has come down quite a way because of 1) strong US$ and 2) Harlequin's weak sales. Harlequins earnings are in US$ and international and the strong Cdn$ has hurt. Cheap. Thinks the worst is over for Harlequin and the worst is over for the $. Earnings are going to start to go up. Buy and put away.
TOP PICK
Has come down from low 30's. Very free cash flow generative. Could reach 30 in 12 months
WEAK BUY
Thinks they have run into a slowdown in their book publishing business. Growth in advertising has not been as fast as expected. Still has faith in the company.
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