RE:The Official sign has been postedI don't know if losing 25% of the market cap in less than 5 months is a record, but Boynton is well on his way to joining the pantheon of value destroying Torstar CEO's. To be fair to him he only has $1.60 to work with so he won't be able to claim the throne, but you have to be sure these aren't the results he hoped to put up on the scoreboard. His head has to be on a permanent swivel, but way too early to bail.
Any other Board would be in full battle mode if their stock had collapsed like this. Do you see any evidence of a sense of urgency to give shareholders a sense of hope? You would think a media company would be better at communicating a turnaround plan to shareholders. Torstar isn't financially bankrupt, but the organization should file for financial management protection.