Building position hereComing back to buy more today. Heard call again and Murphy confirmed $150 million saved from dividend cut going to pay down debt which puts it at 1.75 billion which is 1 tiimes the revenues for Corus. I think that is good spot to be. Bell Canada has 25 billion in debt and 23 in revenue and they trade 8 times cash flow.
Reduced interest costs impacts cash flows so looking out one year achieving a cash flow per share of $1 looks easy to do. I figure they are at about 0.75 cents per share right now. Of course cost cutting that 5000 employee base would move this number up rapidly. At $4 makes a lot of sense to jump in here.