RE:RE:RE:RE:RE:RE:RE:RE:National Bank Reiterates its Sector Perform Rating on CJRJust for the record ratslave, he didn't lose because he didn't sell. In my book max will win big when the short rats will be squeezed. Corus shareholders will win big and the numbers don't lie as mentioned in my previous post: Every short seller on this board tries to plant the seeds of fear, doubt and uncertainty in your mind to play mind games and trigger you into panic selling so that they can cover and close their short positions. If they are trying hard to convince you that this stock is a dog it is because they can not squeeze as many shareholders out as they thought possible so they are using a bunch of posts to peddle/promote their BS with a fake it until you make it attitude so that you doubt yourself (only applies to weak people) and accept to walk away and hand them the keys to your safe. Let us talk numbers because opinions are just opinions and they are worth nada/zero when it is all words and guesses with no numbers to back up their claims other than the performance of the stock price which we know they have manipulating since the acquisition of Shaw media. With a trading daily value of less than 5 million dollars on a good day it is extremely easy for a small hedge fund let alone a big one to force the price down at will.
Since 2018 Corus paid over 1.1 BILLION dollars in dividends and debt repayments.. Corus acquired Shaw Media for $2.65 billion back in 2016. The debt is now down to $1.2 billion and with the recent share buybacks there are less shares floating around. When the doom and gloom cycle ends Corus will have three levers in its favour: less debt/less interest payments, less shares available as they continue their buybacks which will translate into more cash flow especially when the general sentiment improves. Within less than 5 years the company will be almost debt free and potentially with 50% less shares floating around. Just Imagine the possibilities and I am not even talking about their partnership with Pluto TV and the expansion of their content offerings and international distribution and merchandising. Corus is not about just radio and TV, they own the best software to develop kids content, multiple production and marketing companies as well as studios.
Free cash flow generated by Corus since 2011 (amounts are in millions and reflect the fiscal year):
2011: 134.861
2012: 155.147
2013: 154.711
2014: 175.276
2015: 201.213
2016: 188.165
2017: 292.660
2018:349.007
2019: 309.970
2020: 296.247
2021:251.947
2022: 239.600
The annual revenue (in millions) generated by Corus since 2010:
2010: 767.53
2011: 825.21
2012: 842.28
2013: 751.54
2014: 833.02
2015: 815.32
2016: 1171.3
2017: 1679.01
2018: 1647.44
2019: 1687.5
2020: 1511.24
2021: 1543.48
2022: 1598.586
So in 2022 revenues increased over fiscal 2021 not what the short sellers are peddling.
Short sellers prey on the emotionally weak and uninformed and I hope that some numbers will help put the facts at the forefront of the discussions instead of endless fear mongering from the short sellers. Now that you know the facts make an informed and rational decision not an emotional one.