Thursday, July 31, 2008

Torstar Profits Up ?

Higher than WHAT? exactly?

From Reuters:

Torstar Corp reported a higher quarterly profit Thursday as growth at its Harlequin romance-novel and Metroland regional-newspaper divisions and the sale of some real estate helped results, sending its shares higher.

I wonder if the same people who read the Red Rag invest in the business!

Profits based on romance novels (fiction) and low cost advertising in community new papers.
The bit about selling off real estate assets is priceless..... great business model .... what a plan.

A business analyst would say that perhaps the best option would be to STOP publishing the money losing commie propaganda rag and focus on the CORE business of selling fiction.

Oh ...... wait a minute .......


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