RE:RE:It's going to happen....in 2018Hi Teddy,
A few points of clarification:
With reference to investment firms I was thinking about the investment firm analysts presenting the facts beyond the recent financial performance. It wouldn’t take too much research and analysis to draw some compelling conclusions that more is happening than the sterile quarterly calls reveal. None of the analysts who bother to call in ask any of the questions that are begging to be asked. They should be embarrassed by their performance.
Like you, I am not a securities lawyer and don’t know if there’s anything in writing, but Watsa has a fiduciary responsibility and obligation to his shareholders to not waste their money. This sits in stark contrast to the Torstar Board that has found just about every imaginable way to squander large amounts of shareholder value over the past decade. I don’t need to speculate on what the understanding is or what will trigger a move by FFH, but they are too experienced and smart to get hoodwinked by the Keystone Kops.
I don’t think FFH is in the market trying to vacuum up shares at less than $2 to save themselves a few bucks on privatization. Those savings get lost in the rounding. They will make their move when the Voting Trust finally agrees there are no more rabbits coming out of Honderich’s hat and it is time to call it a day before all is lost.
Look for more disappointing results for Q4 and a short or long list of excuses confirming the transformation is simply another hoax. Hiring another CEO with no CEO experience into a business requiring experienced leadership speaks to the incompetence of the Torstar Board once again. A marketing oriented leader will only change the colour of the lipstick on this pig. Time is running out.