Superb Turnaround Story for 2021 The company is getting close to the inflection point where the revenue, profit and cash flow from its data, analytics, and intelligence products and digital media products exceeds the decline of its print advertising related profit and cash flow.
The company had made good progress in this regard in the first two months of the first quarter of 2020 before the impact of the pandemic set in.
The company can operate at lower levels of revenue from its digital media, data and information operations in the future and generate strong profit and cash flow without print newspapers.
Financial position is sound.
As at Dec. 31, 2020, senior debt was nil down from $8.0-million as at Sept. 30, 2020.
Total current and long-term debt was $2.6-million at Dec. 31, 2020.
Book Value is $1.35 per share.
Reflecting this turnaround has been substantial insider buying in recent months.
In addition, it seems certain that it will be paid revenue by Facebook etc for its ads in Canada.
That should be in the $0.20 per share range for each year, which will enable the return of a nice fat dividend
However, Something seems afoot here of substantial magnitude.
Going private might be that event.
If that is so, it must get the approval of the majority of the minority.
Book value is generally the fair reference point and that is about $1.35 per share,
Other events such as the sale of the print media might also be on the table.
Regardless, this is a no brainer at these prices..