RE:Reality Check on TorstarMediawatcher, I hate to say it but your analysis is painfully flawed. I honestly suggest you hand over your investment account to a professional as it is clear you dont have the aptitude for this. A few points to consider: 1. A simple read of the companys disclosure indicates that Class B shareholders get to vote if the Company has failed to pay the full quarterly preferential dividend (7.5 cents per annum) on the Class B non-voting shares in each of eight consecutive quarters. Key word there is each i.e. if you dont pay in any of the most recent 8 quarters they get to vote. If you cant understand this I suggest you call the company to ask. 2. Where are you getting a $0.15/year dividend from? They couldnt afford the previous dividend of $0.10/year as they have negative cash flow. That likely isnt going to change soon 3. Sure there is some latent value in the companys various investments but Im not sure where youre getting your estimates for this value. The company has zero disclosure on most of these investments so there is no conceivable ability to value these 4. Maybe Fairfax takes out Torstar but theyre not going to do it at $4.00 per share. They will pay the lowest value they possibly can which I suspect is in the range of $1.00-$1.50 share. A decent uplift from here but nowhere near the $4.00 you quoted. There is some value in the stock clearly, particularly if you have a view that Fairfax steps in, but lets keep expectations in check.