Tech stock soars on creative cloud package

In the intense competition among tech stocks, this well-known company has enjoyed a strong growth spurt due to its Creative Cloud package.

The company’s strong balance sheet supports high research spending, and a long-term influx of cash from the new U.S. tax reform will fund… Read More

Q: Hi, Pat. I recently read that Fairfax has increased its holdings in Torstar up to 40% of non-voting shares. There’s also the suggestion that Fairfax’s plan may be to take the company private. Can you enlighten me on what “taking a company private” entails? Are shareholders bought out? And if they are, at what price and how is the price determined? I appreciate your advice and I look forward to your response.

A: Fairfax Financial (symbol FFH on Toronto), now holds 40.6% of the class B non-voting shares of Torstar Corp., $1.56, symbol TS.B on Toronto (Shares outstanding: 80.8 million; Market cap: $126.9 million; www.torstar.com).

Torstar insiders own 100% of the class A voting stock. Those insiders are… Read More