Friday, November 21, 2008

Lenny Asper: We're shedding assets, closing losers

Lenny (the smarter of the Asper brothers, for what that's worth) talks about the state of CanWest.

6 comments:

Anonymous said...

Q The stock price is obviously quite low. What story are investors not getting?

Hehheh

Anonymous said...

"So we're looking at any other underperforming assets and saying if there's no path to profitability, lets' get rid of it, let's close it down, let's sell it, whatever."

Which begs the question, why has the National Post even lasted THIS long. Hopefully this means he's come to his senses, or someone else has at Canwest. No one will care if it folds. Readership is already almost nil. Seems more of an ego thing than anything else.

Anonymous said...

http://www.winnipegfreepress.com/breakingnews/Asper_siblings_add_to_holdings_of_marked-down_Canwest_shares.html

Anonymous said...

"As the stock price has plunged, speculation has grown that the family might move to take Canwest private."

Anonymous said...

"As the stock price has plunged, speculation has grown that the family might move to take Canwest private."

You only ever do this with SUCCESSFUL companies - not losers. The Aspers aren't going to invest their personal savings in something that's going to fail - and neither will anyone else. The only people "speculating" on such a thing are dumbass wishful thinking employees who are rightfully scared shitless of being unemployed - and will likely be soon.

Anonymous said...

My Postie friend says the Aspers have given the Post till next fiscal -- Aug. 31 -- to do what the paper has never been able to do, that is, attract enough readers and advertisers to make the thing viable. Look for lots of 'advertiser-friendly' lifestyle/shopping 'content.'