RE:T.O.R.S.T.A.R.Hi modulex
The current share price to book value is approximately 45%. I believe a thorough analysis of the book value would reveal it as significantly understated which aligns with my theory the Voting Trust has engineered a situation that would have allowed them to steal the company for a fraction of its value. .
Torstar will not be privatized at $3.00 a share. It will command a substantial premium because both Fairfax and the Voting Trust understand the real value of Torstar post-acquisition. Eliminating the incompetence, mismanagement and intrigue will deliver a company of significant value.
Fairfax knows the games that have been perpetrated over the past decade at the expense of B shareholders and is prepared to take on the Voting Trust with an offer that will embarrass them into selling. The jig is finally up on the Voting Trust gang.