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Corus Entertainment Inc. T.CJR.B

Alternate Symbol(s):  CJREF

Communication Services
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

Corus Entertainment Inc. > SP plummet
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Comment by kraftdinneron Dec 02, 2021 10:56am
122 Views
Post# 34189931

RE:SP plummet

RE:SP plummet

What is going on with dramatic sp drop? Sure. new variant causing fear but does this alone explain sp massacre? 


To me it looks like it lowered the account balance in the cash accounts, in the margin accounts I ran out of buying power so I needed to manage my account holdings which I prefer to letting the broker manage the holdings (I'm not even sure that should be allowed). The need to manage the holdings wasn't only because of the current exchange listed share price of Corus was lower, the Canadian dollar has gone down in value and the exchange listed share prices of some other holdings was lower than last week also. I chose not to sell Corus and sold a couple utilitiy stocks to capture some capital gains, moved a few shares to the cash account, and then moved a few other shares to the margin account a little later to keep my buying power positive. I can't say why other market participants are selling.

Share price is not massacred, not dead. Still trading and down 2 cents as I type.
 

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