RE:RE:CJR.B Longs; Deep In The RedGood day Blueman! I take that you are "in" in the lumber/wood industry. Do you follow this sector?
I have material positions in Interfor, Canfor and Norbord – perhaps it is not very prudent to be concentrated that much in one industry, but at least I’ve money in three compartments of the same basket .
If you are interested please email me to my personal email – it is apart of the StockHouse registration process.so we could exchange some experience, news and tips. For some reason I can’t find the same option on your profile.
Have a nice weekend.
As for the Corus, I don’t have skin in it anymore but it is hard not to get depressed as this "baby" has not learned to walk steady up yet.
Just few months ago, at the end of last year and before I got out of the CJR, I read an "Analyst" analysis that was clear on assumption that the flat revenue combined with strong head winds this market sector experiences, makes application of the asset pricing model questionable as it shows the CJR folding down in approx.10 years. Whether it is accurate reflection of the future I Don’t Know, what I see though is that it strongly influences the market and thus the CJR valuation.
The classic media sector as the whole continuously slides down and thus the turbulences cable companies experience are not temporary, they are systemic and are changing and will continue changing the advertising market.
However, I am still in this sector to some extent as I have a position in AT&T and since I bought it at $32, I am very happy with it as it trades now within 38-40 range and it pays over 6% divvy. And although I am not always 100% in agreement with what our friend EsteFan writes, I agree that there is a life beyond the CJR and perhaps some of Corus’ investors would do much better outside.