RE:RE:RE:RE:Harlequin SaleWhat are the valuable assets?
Mediawatcher wrote: Harlequin EBITDA 2009 - $88.2 million. EBITDA in 2013 the last full year - $56.3 million.
I see nothing in this release from HC that suggests Harlequin is going gangbuster producing record EBITDA. It was a business in decline and burying it inside HC might have been a good idea for HC, but it would have been another sad story for Torstar. They were bailed out of a bad situation, albeit years after they should have sold it. More classic Torstar mismanagement obscured by an opportunistic buyer. We all need to hope Fairfax doesn't lose interest because left to their own devices this company will drive the valuable assets they still own over the cliff.