Shaw Communications Inc. SJRWF

Communication Services Telecom Services

Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw is also now a national wireless service provider after acquiring Wind Mobile in 2016. Shaw has upgraded its wireless network, undertaken an aggressive pricing strategy, and significantly enhanced its spectrum holdings. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.

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Shaw Communications Inc. > Ring the Bell - SELL SIGN GIVEN!

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Comment by DeanEdmontonon Oct 23, 2021 12:23pm

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Post# 34040767

RE:RE:RE:Ring the Bell - SELL SIGN GIVEN!

Edward Rogers wanted to fire the CEO and put the CFO into the CEO role. The board blocked that and the CFO was forced out. Anyone who still has Shaw or Rogers shares has more guts than Gainers. There is a very real possibilty both of these are going to take a major dump, especially if the whole 11 person excutive team quits it Ed manages to fire the 5 directors and appoint his own.

Quintessential1 wrote: Is it possible he was forced out as collateral damage due to the CEO conflict?

DeanEdmonton wrote: I agree with you. I got out at 64 when Rogers bid for Shaw becasue they are over paying. The Hell or High Water clause is also a HUGE risk and potential cost to unwind. Not getting the deal would actually be better but they are going to take a big hit when the news hits the street. I actually think there is more to this 10 year serving CFO leaving than just the Shaw deal. I sure would not be buying any Rogers back till this settles out and the full picture is known.

indoubtgetout wrote: The abrupt departure of Roger's CFO last night is your SELL signal. Rogers bid not likely to get approved and further industry regulatory initiatives by your Libertal Govt will likely hurt the sector overall - a double whammy. So, the Rogers CFS is heading for the hills so he can dump all of his Rogers holdings as well whatever he holds in Shaw. GTFO!