The Successful Investor, in the March, 2015, issue, refreshes its buy of Torstar Corp., recently $7.07. The Investor said buy 28 times from May, 1997, to November, 2014, at prices ranging from $5.04 to $37 (the stock split 2 for 1 in July, 1998). Assuming a $1,000 investment for each of the 28 buys, the $28,000 position is now worth $16,055. Torstar has decided to get rid of the paywall on the website for The Toronto Star and launch a new version of the website for tablet computers. Although this will likely hurt revenue in 2015, it should attract more readers in the long term. Torstar has no debt and holds $277.3-million or $3.46 a share in cash, so it has a financial cushion to help it adjust to its new digital plan. As well, its dividend seems safe, in the Investor's view. Buy.
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