Topic: Dividend Stocks

TORSTAR CORP. $5.12

TORSTAR CORP. $5.12 (www.torstar.com) continues to cut costs as more people get their news from the Internet. This secular trend is working against newspapers and print advertising. As a result, we’ve cut Torstar’s TSINetwork Rating from “Above Average” to “Average”. However, we feel its lower costs put it in a good position to rebound as the economy grows. The company also owns one-of-a-kind trophy assets such as The Toronto Star, and it could unlock some of its hidden value by spinning off its Harlequin book business. As well, the dividend still seems safe for now. Best Buy.

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