Friday, September 6, 2013

Torstar Shines Bright

Newspaper stocks are generally shunned by today's investors. Moats are shrinking as advertising moves online, and yet capital structures are often levered (a consequence of the decades of industry stability). But it is among the most-hated industry groups that some of the best bargains can be found.Read more...


Anonymous said...

With each of these ridiculous posts, why don't you publish your overall investment record?

Anonymous said...

Hey Saj,

Since you like Newspaper companies with good local papers, what do you think of Glacier Media (GVC). Like Torstar, stock has been killed? Have you taken A look at this own? Glacier is all local newspapers.



Anonymous said...

Hi Saj,

What is the difference between the shares quoted on Seeking Alpha's link, which I also found on Google Finance under TORSTAR CORP CL-B CD, (OTCMKTS:TORSF) and those traded on the TSE (Torstar Corporation, TSE:TS.B)?

Are the TSE shares (TSE:TS.B - in Google Finance) the same as those analyzed in your article?

Great analysis by the way.
Big Fan

Anonymous said...

He wont do it. This reminds me of my old student run portfolio at nyu biz school.

Mpsif. They suck too.

Saj Karsan said...

Hi Brian,

It's been a while since I looked at it; I'll check it out soon.

Hi BF,

Yeah TS.B is the same thing, and the one I actually own. Seeking Alpha likes to change everything to tickers that trade in the US, so they selected the OTC equivalent, TORSF.

Anonymous said...

Thanks Saj. BF

Saj Karsan said...

Hi Brian,

It looks cheap, but because management has plowed so much money into purchases and investments, I have a hard time getting comfortable with it. If these investments pan out, Glacier is probably very cheap. If they don't, it's probably not. Too hard for me to understand.

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