Post by
YassineNoBS on Oct 25, 2023 4:08pm
Facts to counter lies and speculations
When trying to understand what is happening to this stock and why it is trading at extremely low valuations when compared to cash flows and revenues during the last decade or so, I can't help it but think of the short sellers as subjecting the shareholders to a long siege to get them to capitulate. If you connect the dots below (revenues and cash flows as opposed to the false claims of short sellers claiming the company has no revenues in the previous posts by some short sellers), the picture will start making more sense : What the fundamentals say : 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. 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. A retail investor who is new to investment might be wondering how is it that the stock is trading way out of whack given the fundamentals, the dividends, the recent sale of Toon Boom for $142 Million.. the answer is that short sellers sold millions of shares short and are distorting and twisting reality to match their bets.