The Successful Investor, in the May, 2015, issue, says buy Torstar Corp., recently $6.77. 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). A $1,000 investment for each of the 28 buys is now worth $15,374. Torstar lost $49.6-million or 62 cents a share in 2014, compared with a loss of $58-million or 73 cents a share a year earlier. Revenue slipped to $858.1-million from $935.8-million. In addition to the drop in revenue, which resulted mainly from asset sales and lower advertising income, Torstar was hit by expenses related to job cuts and other cost-saving measures. Since 2012, these measures have lowered the company's annual costs by $69.4-million. This figure should reach $77.1-million by 2017. As of Dec. 31, 2014, Torstar had no debt and held $290.2-million or $3.62 a share in cash. It plans to spend $13-million to $15-million this year developing a new digital version of The Toronto Star for tablet computers, so as to attract younger readers and boost on-line ad revenue. The company now trades at 11.3 times its likely 2015 earnings of 60 cents a share, and its 13.125-cent quarterly dividend yields 8 per cent. Buy.