Is Torstar even cheaper now with the sale of Harelquin? Saj Karsan over at Barel Karsan certainly thinks so.
There are some remaining concerns we have even with the recently proposed sale:
- Torstar debt levels are really high
- Print/Newspaper revenues are in decline
- What will management do with the newly acquired cash? They hinted at paying off the debt but what if they don't use the money wisely? Hopefully they don't invest more in print!