Who thinks Estevan8 is a spamming low life? I do!CJR is likely a great buy right now.
Even M. Fool are switching sides to long
Corus Entertainment Inc. (TSX:CJR.B)has struggled to stay anywhere near $5, and that’s a big fall from where it was trading at just a year ago. Poor quarterly results and concerns about cord cutting have left investors bearish on Corus, as it has continued its downward spiral.
However, the fundamentals for Corus remain strong, and with a pretty good position in the market, it’s likely the stock will rebound, and when it does, that could result in significant returns for shareholders willing to buy the stock today.
The stock is significantly undervalued and trading well below its book value, and even with a sharp cut to its dividend, it still pays a yield of over 5% to its shareholders. Corus is an oversold stock, and it’s a great time to scoop up the stock at a significant discount.