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Corus Entertainment Inc. T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based diversified, integrated media and content company that develops and delivers brands and content across platforms. The Company operates in two segments: Television and Radio. The Television segment is comprised of over 33 television networks, approximately 15 conventional television stations, digital media assets, a social digital agency, a social media creator network, technology and media services, and content business, which includes the production and distribution of films and television programs, merchandise licensing, and book publishing. The Radio segment is comprised of around 39 radio stations situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario. The Company's primary method of distribution is over-the-air, analogue radio transmission, with additional delivery platforms including HD radio, websites, mobile applications and podcasts.


TSX:CJR.B - Post by User

Bullboard Posts
Comment by BlueHorseshoe02on Feb 04, 2020 6:06pm
98 Views
Post# 30642593

RE:RE:CJR PE 4, 2x cashflow. Earnings growth rate +15% next year.

RE:RE:CJR PE 4, 2x cashflow. Earnings growth rate +15% next year.https://shortdata.ca/stock/CJR.B.TO/

Y
ou can look up that link and see short interest has stayed steady at 22% of trades, there ain't nobody shorting 2M shares of this. Record date for the last 2 week period was literally yesterday too.

Just people giving up shortly after an earnings report where something unexpected happened (accounting charge for leases) even though they don't know that it will be longer term VERY positive (EPS boost of 7 cents/year permanently).....happened last Q too and really this is still feeling the extra shares floating around from the Shaw issue.....40% more shares floating around so yes Corus does need to buy back a bunch to clean that up (because they can)....

....which will also boost the EPS even as overall revenues is flattish.


Bullboard Posts