TORSTAR CORP. $8.54 - Toronto symbol TS.B

TORSTAR CORP. $8.54 (Toronto symbol TS.B; Shares outstanding: 79.9 million; Market cap: $680.7 million; TSINetwork Rating: Above Average; Dividend yield: 6.2%; www.torstar.com) continues to add to its growing number of Internet businesses.

The company recently paid an undisclosed sum for TargetVacations.ca, a website that lets users buy vacation packages and book flights, cruises and hotel rooms.

This purchase looks like a nice fit with Jaunt.ca, Torstar’s other travel-related website.

Jaunt.ca markets travel offers, including hotel and vacation packages, to 2.2 million Canadian email subscribers. Torstar also promotes travel deals through its WagJag and Travelalerts.ca services.

Investments like TargetVacations.ca also make the company less reliant on newspaper ad revenue.

Torstar is a buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.