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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
Comment by extremeriskon Sep 29, 2016 6:32am
427 Views
Post# 25289415

RE:RE:RE:RE:RE:heavy volume on friday

RE:RE:RE:RE:RE:heavy volume on fridayIf you go to corus website and listen to two investor presentations the ceo has already revealed the quarterly results. Comparison to previous quarter with Shaw business will be weak since they don't have advertising spend they had last year will election especially in western market. Also with low oil price advertising market in western Canada is soft. On positive side they have achieved their synergy targets ahead of plan and are achieving cash generation and their debt to ebitda ratios so that dividend will be maintained. Once they get ratio in line will focus more on growth. So overall positive report. Key takeaway is cable cord cutting is happening very minimally and stock price drop from25 to 9 is not justified by that small drop. Also corus is moving to deliver in all formats and is focused on content. Last quarter share price drop while due to Shaw soft results also due to run up in share price that we have not seen in lead up to this quarter results. I would buy any dips. Dividend money coming in Friday as last day of month and this becomes new money to buy more corus.
Bullboard Posts