RE:in 1992 vaughan print plant opened at cost of $400 millionHello extreme,
You certainly have been a busy poster.
I can't see the 25 years old Presses being worth much in a business that is going Internet.
More likely -- already depreciated on the Books.
Maybe a Value in a Country that still stresses Paper but not in North America.
Price would reflect International Shipping costs.
Torstar just outsourced their Printing; would they have done that with " valuable competetive " machinery?
Your thinking seems to be adverse to Moore's Law and continental wage demands.
That Vaughn building was Single Purpose built. The floors are probably 4' thick - to support the tremendous weight of the Paper Rolls. That might not be upgradeable to a new Buyer.
The Pension issue is more that just Interest Rates. That is why Actuaries get the big bucks!
The Senior Management Pension/Benefit obligation is: Paid as required. With million dollar salaries what is that obligation?????
The 5 Families will not vacate their position voluntarily. ( Chairman Honderich is one of them.)
*If one of them wants to Sell - it must be to one of the other 4; or their A Shares are converted into B and have NO VOTE. Where is your leverage there??????
There are quite a few non-day traders who own ts.b and are waiting for the values to be appreciated. We are clipping our coupons and waiting for the inevitable upgrades.
glta!!!