Corus Entertainment Inc. T.CJR.B

Intensely undervalued...too risky a stock?

[BarstoolSage]

I'm in with 2k @3.53 so underwater. 

Thought then this was undervalued and it has simply gotten cheaper.

Now it came from a height so last 5 years returns are dismal but

1) book value is $3.76   so price to book is .65
2) cash flow per share is $1.05   so price to cash flow is 2.32
3) debt\equity 1.82
4) price to sales .31

Corus is fundamentally undervalued by these metrics

[Puma1back]

For what it's worth, Morningstar has a fair value of some $4 plus a share. the hit of about $1.50 to Goodwill was hard -  they gave some detail in the financials about the rationale but pretty thin - basically the rise in the discount rate for the npv cash flow calculation was the real hit and a lowered rate of growth % further pulled back the carrying value. so my question is what

[Puma1back]

After closing trades - a few large blocks here: Time ET Ex Price Change Volume Buyer Seller Markers 16:00:00 T 2.24 -0.01 30 83 Research Cap 85 Scotia Q 16:00:00 T 2.24 -0.01 74 83 Research Cap

[Puma1back]

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

[ratsnake220]

barstool,,,,if you do not read the CEO guidance then i guess you can use the past.....But how many sources do you have to hear from that Advertisng sales are guiding lower by everyone....and i mean. Google, FB...Bell Media, Disney....Being forward looking is so important....Cord cutting is prevalant...and recent ratings on Specialty Tv in Canada are HORRIBLE....Hgtv down significantly....But the

[ratsnake220]

you know barstool the networks are fully aware of the carnage in tv ratings on sprcialty channels over the past 5 years....they have charts showing in some areas a 33% drop in audience....You gotta have viewers on Tv when your a essentially a one trick Pony with 70% of your Revenue or more from Tv. ad sales....The good thing is that sales are still brisk for 2023 up front....but the biggest period

[Puma1back]

From Cannacord and reported in the Globe: wait is going to be longer -------- they also should be pushing an adjusted leverage calculation that removes those idiotic signed occupancy rental leases from the liability side balance sheet. ( afterall, the debit side of that IAS entry is just plain stupid). Canaccord Genuity analyst Aravinda Galappatthige expects Corus Entertainment Inc.(CJR.B

[Puma1back]

Knew the ex-dividend day would as usual hit the stock out of the gates

[YassineNoBS]

All the trades you see are insignificant. Market makers and short sellers shuffling air to make unsuspecting longs believe there is some volume but it is largely just wash trading and scare tactics.

[ratsnake220]

You need to underatand,,,,that of 20 specialty channels in the market...2 were up in audience in last quarter..18 were down....People are realizing watching re run after re run on HGTV amounted to less veiwers last 13 weeks.....So while some of you bought under $2.00....i said 3 months ago $1.75 in a recession in 2023 is realistic....Their is no catalyst to go higher