RE:DONT THINK OF TORSTAR HAS A VALUE STOCK... Hi modulex,
A reverse stock split isn't going to fool anyone into believing Torstar is a better run company than the one that destroyed hundreds of millions of shareholder value. It is valued at $.45/share because it is being run by morons.
The proceeds from a garage sale of assets could be used to privatize Torstar. Fairfax isn't going to sell at $1.50 and the Voting Trust isn't going to cede control at that price point.
A valuation of all the assets will be done and a reasonable offer will be made to those who have been patient. I repeat - ignore the current share price and focus on the value of the components after the Keystone Kops are removed.
MW