Torstar Confusion

Torstar

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Torstar (TSE:TS.B) which trades on the Toronto Stock Exchange, is in a state of confusion. They recently sold off a big stake in CTV and enjoyed a very large liquidity event. Their fundamental problem is their legacy asset, a large circulation newspaper called Toronto Star. They have no vision for the future or how to use the internet.

Recently they launched a special Sunday insert which carries the New York Times Book reviews. This is supposed to be a major catalyst. iPad, Kindle, other readers and tablets and these guys come up with their A game and cut down some more trees.

Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.