RE:obvious employeesRatsnake, that post was just a cut and paste. I did not have time to do colour commentary on it as I am busy guy so dont always have time for stockhouse.
Anyway here is my colour commentary and it is free:
I suggest you go all in on Corus. Results are Wed. June 26 before markets open and everything looks positive for great results. This is also set up to help all those new shareholders who are underwater still after they did the offering.
Corus (Global) are on amazon prime, they are working with twitter, they are on youtube, they are distributing their content to all other platforms. They are digitizing this business. Rogers and Bell are behind because media not a core business for them. They care about wireless customers so that is why they are not putting as much focus on media as Corus is. Corus will continue to lead here.
Given such strong cash flows and debt ratios going to be under 3 (I think this quarter) a price of 2 times ebitda is too cheap. Their ebitda is $3 a share. This should be at least 3 times until the digitization of the business starts showing some traction.
We move back up to $8 pretty quick here. The only caution is that as they explore other markets and do new things there is a cost. You need to spend money to make money.
However they are being prudent and stock price remains way too low.
To unload 80 million shares onto public is a huge undertaking so they needed to price it so cheap to move it. That is not much of a surprise. Shaw wanted money now. If they were not so desperate for the money they could have waited a little until the digitization efforts start to appear on bottom line. Its like you are selling perishable fruit. You need to move it past so you take a 50 percent cut to move it. This was all Shaw's doing in their rush to sell the non voting.
However they