RE:RE:RE:$10 one year target is too lowAgree ratsnake that crtc plays major role in any take over. When Corus was created in 2000 was for regulatory reasons where they wanted to split off media assets due to a crtc rule that never transpired. Otherwise Corus could be mixed in with Shaw same way as Rogers and Bell are today. Low stock price and low debt does attract potential buyers.
Also agree that why pay off 4 percent debt to get to 3 times ebitda number which is an internally generated metric. To me looks like doing this to be aligned with industry metrics. If your business can generate return greater than cost of capital you don’t pay down debt. You put that money to work generating greater value for business. There are growth iniatives that can be undertaken with th video on demand and digital. Hulu and others are in channel business so they will be interesting in licensing channels.
Pretty up the bride I think is happening right now. Shaw /Corus deal was done over $9 a share so pretty sure Shaw family looking for price north of $9.