Results show CanWest is undervalued, says Asper

TORONTO – With a share price languishing under $2.50 (a year ago, is was nearly $10) CanWest Global president and CEO Leonard Asper is desperate to show the markets that his company’s position is not as bad as is reflected by its share price "These solid results demonstrate that we continue to experience growth even in the face of a softening market," he said this morning on the release of the company’s third quarter results. "Given the diversity and strength of our properties we believe that CanWest’s stock is undervalued.” Asper added all of the company’s operations saw growth, despite...