RE:RE:RE:Large Takeover in U.S.Hello extreme,
Always interesting to read your analysis.
But I think your circling American Vultures will view a better carcas than ts.b.
The frustrating reason is that the 5 Families can ONLY sell their A Shares to eachother!
Any other Buyer, after the families have refused any A Offerings, will Buy (A converted to B) non voting B Shares. ( sorry for the Caps; not meaning to shout )
The Land and the Subs revenue are now paramont variables for any future considerations.
Torstar remains debt free and has a robust borrowing facility.
I have always shared your concerns about the 5 Family voting control.
But their reach also stretches to about 40% when the (A and B) Board shares are counted.
That is Public knowledge, and I would think most of the Corporate ts.b Shares would be easily added to that mix = Majority on all fronts.
Overall; we will be at the mercy of that combined Majority.
... Average down, clip Dividends, and wait for Capital improvements.
The Land sale can't be more than 5 months off.
* Maybe Post Media gets rejigged with a Garnett type foriegn Foxy entrant?
Wouldn't THAT sharpen a few pencils!! -- GLTA --