TS.B
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a beginning or experienced investor, these weekly updates are designed to give you specific advice on how to make winning stock picks. Each Investor Toolkit update gives you a fundamental piece of investing strategy, and shows you how you can put it into practice right away.
Today’s …read more »
TORSTAR CORP. $12.35 (Toronto symbol TS.B; Shares outstanding: 78.9 million; Market cap: $974.4 billion; TSINetwork Rating: Above Average; Dividend yield: 2.7%; target=”_blank”>www.torstar.com) continues to expand its Internet businesses. That’s helping it offset slowing advertising and circulation revenue at its newspapers. However, these investments cut its earnings by 7.0% in the three months ended March 31, 2011, to $15.4 …read more »
TORSTAR CORP. $15 (Toronto symbol TS.B; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 79.1 million; Market cap: $1.2 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.5%; TSINetwork Rating: Above Average; www.torstar.com) publishes The Toronto Star, which is Canada’s largest daily newspaper by circulation. The company also publishes three other daily newspapers and over 100 weeklies, mainly in southern Ontario. Newspapers account …read more »
Torstar and Transcontinental should continue to benefit from rising advertising revenue as the economy improves. As well, both companies have bought new, efficient presses that have lowered their operating costs. Moreover, both are cheap in relation to their earnings.
TORSTAR CORP. $15 (Toronto symbol TS.B; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 79.1 million; Market cap: $1.2 billion; Price-to-sales ratio: 0.8; …read more »
TELUS CORP. $43.80 (Toronto symbol T.A; Shares outstanding: 335.6 million; Market cap: $14.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.telus.com) expects its revenue to rise between 1% and 4% in 2011. As well, its earnings per share should rise 9% to 22%, to between $3.50 and $3.90. The stock now trades at 11.8 times the midpoint of that …read more »
TORSTAR $11.92 (Toronto symbol TS.B; Shares outstanding: 78.9 million; Market cap: $940.5 million; TSINetwork Rating: Above Average; Dividend yield: 3.1%; www.torstar.com) is one of three firms that have taken control of The Canadian Press (CP). The other two are CTVglobemedia (which owns The Globe and Mail) and Power Corp. subsidiary Square Victoria Communication Group (which owns La Presse).
CP provides news …read more »
BCE INC. $33.80 (Toronto symbol BCE; Shares outstanding: 756.5 million; Market cap: $25.6 billion; SI Rating: Above Average; Dividend yield: 5.4%) is buying full control of CTVglobemedia, the private company that owns the 27-station CTV Television Network. CTVglobemedia also owns 30 speciality channels, 34 radio stations and The Globe and Mail newspaper.
Right now, BCE owns 15% of CTVglobemedia. It will …read more »
TORSTAR $6.22 (Toronto symbol TS.B; Shares outstanding: 78.9 million; Market cap: $490.7 million; SI Rating: Above Average) has reported second-quarter earnings that beat analysts’ forecasts of $0.29 a share, despite lower advertising revenues at its newspapers.
Torstar earned $0.32 a share in the three months ended June 30, 2009. That’s down 30.4% from $0.46 a share a year earlier.
Overall revenue fell …read more »
TORSTAR $4.30 (Toronto symbol TS.B; Shares outstanding: 78.9 million; Market cap: $339.3 million; SI Rating: Above Average) has cut its quarterly dividend by 50%, to $0.0925 a share from $0.185. The new annual rate of $0.37 yields 8.6%. The lower dividend should save the company around $29 million this year.
The dividend cut came after Torstar reported 2008 earnings of $50.3 …read more »
TORSTAR CORP. $7.80 (Toronto symbol TS.B; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 78.9 million; Market cap: $615.4 million; Price-to-sales ratio: 0.4; SI Rating: Above Average) owns Transit Television Network, which operates electronic advertising message boards in the transit systems of several U.S. cities. Due to falling ad spending, Transit TV has filed for bankruptcy protection. This will cost Torstar …read more »
