Solid PerformanceCEO Boynton declared on May 9th that Torstar had produced a solid quarter consistent with their plan. Shares closed at $1.92 on May 8th. Today they are at $1.57. An 18% decline in a week represents the kind of solid performance we've come to expect from Torstar management.
The lower they go the better in my opinion because the bounce to $1.92 was not warranted on the basis of the strategy presented by management. The shares are still massively undervalued, but until the Voting Trust wakes up to the reality of this situation the shares will languish in the sub-$2 range or lower.