TORSTAR CORP. $14 (Toronto symbol TS.B; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 78.8 million; Market cap: $1.1 billion; SI Rating: Above average) has paid an undisclosed sum for Central Ontario Web Ltd., a commercial printing company in Barrie, Ontario.
The purchase will help expand capacity at Torstar’s community newspaper division. It will also cut distribution costs. Right now, Torstar prints many of its central Ontario papers at its plants in Toronto and then transports them to these communities.
Torstar is a buy.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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