Updating Torstar Corp., Restaurant Brands International Inc. and Precision Drilling Corp.

Article Excerpt

TORSTAR CORP. $0.84 (www.torstar.com) remains a hold. The company continues to build its digital businesses in response to slowing advertising revenue at its flagship paper The Toronto Star, and others. As part of its plan, the company has started charging customers to read its online publications. It now has more than 20,000 digital-only subscribers to its daily newspapers. As well, digital advertising supplies 19% of revenue. However, it’s unclear if those operations will let it keep paying quarterly dividends of $0.025 a share (for a high annualized yield of 11.9%). RESTAURANT BRANDS INTERNATIONAL INC. $95 (www.rbi.com) is a hold. The company is now expanding its Burger King chain into Estonia, Latvia and Lithuania, three countries where it has little presence. It plans to open its first Burger King restaurant in Tallinn, Estonia, this winter and the first restaurants for Latvia and Lithuania in the first half of 2020. However, the stock remains pricey at 26.4 times its likely 2019 earnings of $2.70 U.S. a share. PRECISION DRILLING CORP. $1.35 (www.precisiondrilling.com) is still…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.