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. > Intensely undervalued...too risky a stock?

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Comment by Puma1backon Dec 09, 2022 8:45am

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RE:RE:RE:Intensely undervalued...too risky a stock?

So the bank prime rates in Canada just popped to 6.45% for their best of the best customers.

meanwhile back at CJR, they termed out $750 million of their floating rate bank facility and have locked in a composite rate of 5.25%. So they locked in a rate that is about 2.5 to 3.5% lower than they would have paid on a forward basis.

Good planning by the CFO - over $22 to $25 million a year less drag on free cash flow for at least a year - covers almost half the dividend for 2023.

And they have pushed most of the maturity out to the end of the decade.

and Rodney Dangerfield thought he " got no respect".

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Mid-year review: How has gold been performing?