RE:RE:RE:RE:RE:RE:How a short seller lost a one Billion dollar betGood day Will, I fully agree that perception drives reality and therefore affects the price!
As is the case with this stock, the prevailing perception is that cable business is dying - the feeling justified to some extent - and ever growing streaming services take away potential audience, advertisement money, and a growth prospect.
Yassine and the gang blame shorts but they are missing the fact that there is no growth in the Corus main line of business and Extremist rosy fantasies are solely based on the cash flow driven valuation.
However, not everything about this stock is a doom and gloom – the dividend yield of around 5% and a relatively low beta promise some stability in this crazy, speculators, and insane Politician driven market.