RE:So Ironic ….Some good points...undervalued, sustainable yield..at least for now, flexibility in content creation and other cost saving strategies....
Not saying I'm "all in optimistic", but I see this decline as a buying opportunity
Spicyinvestors wrote: How does today's sell off even make any damn sense lol ? How ?? Let me get this straight Corus consistently generates beetween 200-250 million in free cash year over year , have a payout ratio of about 30% , have a relitivly solid balance sheet and ohhh let's now forget they also plan to buy back up to 10% of the float . This barley trades at 2x free cash flow , 0.4x revenue and under 2x Ebidta . This is trading at an extremely low valuation ... it's acting like as if it's priced for bankruptcy..... You see for a couple years now many critics believed streaming wars would be the death of corus !! BUT guess what corus is let me remind everyone a CONTENT PROVIDER and can feed content to the likes of Netflix , Hulu , Disney , Amazon prime and a lot of other platforms who are salavating for content right now as everyone has already branched out into their own streaming plateforms and in need of good content but who can provide that ? You guess it CORUS can and already does hence why cours is still seing double digit distribution and ad revenue growth in the past couple years and will continue too . Now about today I don't know why such a hard sell of especially after falling about 30% ytd over recession fears .... ummm hello nobody priced in some add revenue loss in that 30% ytd haircut so why another 12% loss today lol ?? Now if this was a company that was overvalued I would understand that additional 12% haircut today but it's NOT it's extmely already undervalued I would honestly say the cheapest TSX stock poind for pound right now . . All possible negative catalyst's should be more then priced in at these levels ...this makes no sense but HEYYY Mr market can be a very depressive maniac at times and hence the reason why I happily added to my position today :) ... and all the analysts can shove their price targets up their .... ;)