RE:Mathematically almost impossibleHello forklift,
Here is something that really concerns me: " unrealised Loss ".
Will we now see the Golden parachute(s) open for the departing Executives?
Bonus + Pension + Health.
..." In addition to the registered defined benefit pension plans, Torstar also has an unregistered, unfunded defined benefit pension plan that provides pension benefits to eligible senior management executives of Torstar and a post-employment benefits plan that provides health and life insurance benefits to certain grandfathered employees, primarily in the newspaper operations. These plans are being funded as payments are made."...2014 Annual p. 39
That $119m may disappear rapidly when " eligible senior management " start drawing.
( funded as payments are made ).
I don't think any of us can attend the A Share Meeting; so this question probably won't come up.
Still believe in Torstar -- just trying to ride out this cycle. GLTA...
ps: the other Registered Plans may add to future Year(s) Cash impairments.