TORSTAR $6.12 - Toronto symbol TS.B

TORSTAR $6.12 (Toronto symbol TS.B; Shares outstanding: 79.9 million; Market cap: $492.2 million; TSINetwork Rating: Average; Dividend yield: 8.6%; www.torstar.com) reported revenue of $192.3 million in the three months ended March 31, 2015. That was down 9.0% from $211.3 million a year earlier, mainly due to to lower ad revenue across its newspapers.

However, cost cutting, including layoffs, kept its per-share earnings unchanged at $0.02, before one-time items.

The company plans to launch a digital version of The Toronto Star for tablet computers in the fall of 2015. That should help it attract younger readers and spur online ad sales.

Torstar expects to invest $13 million to $15 million in this app in 2015. It can easily afford to do so: the company is debt-free and ended the latest quarter with cash and investments of $271.7 million, or $3.38 a share. Torstar’s dividend, which yields a high 8.6%, appears safe.

Torstar is still a buy.

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Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

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Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Growth Stocks

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