TORSTAR CORP. $6.14 (Toronto symbol TS.B; Conservative Growth and Income Portfolios, Consumer sector; Shares outstanding: 80.2 million; Market cap: $492.4 million; Price-to-sales ratio: 0.4; Dividend yield: 8.6%; TSINetwork Rating: Average; www.torstar.com) recently stopped publishing its Metro free daily commuter newspapers in seven smaller cities: Hamilton, Kitchener, London, Windsor, Regina, Saskatoon and Victoria. The company now plans to shut down the Metro websites in these cities.
This will let Torstar focus on Metro’s moreprofitable print and web editions in Halifax, Ottawa, Toronto, Winnipeg, Calgary, Edmonton and Vancouver.
Torstar is a buy.