Post by
toppgunn on Nov 23, 2023 4:05pm
Corus Outlook, should be looking more positive by Mar 2024
Expect Corus to be weak on revenue this current QTR ending Nov and next QTR ending Feb 2024 according to last QTR discussion by management. Corus appeared upfront in this regard and mentioned expected Mar 2024 onwards to be "better". If Corus starts to turn to the positive absolutely at bargain prices currently. I don't expect this to trade much more than 2 dollars in 2024 or it will be sideways trading for the most part. I noticed the volumes have dried up and starting to find a base, "shorters" will start to get tiredsome of this stock and move on. The key going forward is Corus can control their debt, which has been continually moving down since 2018. Fully believe 2022-2024 is probably the worst for Corus and expect to see some uptrends. Corus has been very proactive of eliminating dividend, cutting 15 percent of workforce (not in a good way as would prefer seeing company growing instead of reducing to control costs), plus other positve moves to be more financially sound.
Comment by
Griz_Online on Nov 24, 2023 12:02pm
Agree and the Gov't handouts will help, free money for the propagandists, I mean 'journalists' that shill for the Trudough climate grifters.