Post by
Mirage57 on Sep 03, 2023 4:08pm
Revisiting the
I dedicate this post to BlueS…t Horse, YassineBullS…t and Extremerisk, my best friends at this forum , and the best regards to RatMan who despite knowing better still holds the CJR loser.
I left this board almost 3 years ago, sold my CJR holding at 30% loss, ZZZ and Canadian Banks and invested 25% in High Growth stocks, 50% in Growth & Value, and 25% in REITs (95% of USA Reits),
Since then, I recouped the CJR loss and added over 40% in capital appreciation and dividend income. The capital gain would be higher but the REITs valuation is now terribly affected by high interest rates. Iin the meantime, I am collecting about 9% average divy from US market mortgage REITs, BDCs, Equity REITs and Preferred Shares, and approx. 4% from other holdings.
See, the Corus problem is a continuing loss of cable subscribers which adversely affect the ad revenue. Since cable cutting trend accelerates for some time already there is no hope for CJR to ever recover to $4 per share, and even $3 backs per share level is very questionable.
People, I repeat again: the value of the stock is in most instances calculated using discounted cash flow and given decreasing revenue and high interest rates, the CJR value is between $1.25 - $1.50 and heading down.
And one more thing: I don’t know why some on this board are so obsessed with short sellers??? Short sellers attack weak companies when their valuation is higher than their intrinsic value, so instead of lamenting that short sellers are somehow stealing, a rational investor should sell and move somewhere else. For example, Canadian banks that are now discounted because of the recession worries, some of the banks yield 5-6% based on the share price and from the potential and safety perspective are on a different planted comparing to Corus.