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Corus Entertainment Inc T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based media and content company that develops and delivers brands and content across platforms for audiences around the world. The Company's segments include Television and Radio. Its portfolio of multimedia offerings encompasses approximately 32 specialty television services, 37 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services. Its brands include Global Television, W Network, Flavour Network and Home Network (launching soon), The HISTORY Channel, Showcase, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. It is also the domestic advertising representative and an original content partner for Pluto TV, a Paramount Company, which is the free ad-supported streaming television service. It is an international content creator, producer and distributor through Corus Studios and Nelvana.


TSX:CJR.B - Post by User

Bullboard Posts
Post by extremeriskon Mar 25, 2016 6:43pm
151 Views
Post# 24701294

drop on relatively low volumes

drop on relatively low volumesI plan to be adding monday if pulls back some more. This is my most solid yield investment and I can't find any news to cause the Friday drop. Last year they reached 2.30 per share cash flow and the combined company will produce even more cash flow as the deal is immediately accretive to eps and cash flow. Cash flow projected at 430 million. 71 million additional shares issued existing 87 puts new share count at 158 million so new cash flow projection is 2.72. So trading at this level is 4 times cash flow with 11 percent yield??? This is an easy buy. I think market will start to buy in after seeing results. Next release date is early April. Safe to add at this level. Dividend easily covered. 158 at 1.12 is 177 million which is less than half of the projected 430 million cash flow.
Bullboard Posts