RE:RE:RE:RE:RE:RE:How a short seller lost a one Billion dollar betUS mfg for August initial report dipped under 50 for first time in over 10 years which is a recession signal but still not the final number. Given the politics I think Trump will cave into China demands. A deal is done and economy improves. US is still growing 2 percent even with these headwinds. I think that president really wants to win next year so cant see him damaging economy further.
For Corus, they are transitioning into content as recent press releases show. I think market would gain further confidence if they reported the $$ associated with each deal but for competitive purposes I guess they choose not to. Murphy has been saying for well over a year now that the company is priming the pump with their content but takes time for that to show up on the financial statments. It will start showing up now. Still a bull on Corus and still think can reach $15. I dont know when. I am not buying more now as have good chunk under $4 and I think there are other better cheap deals out there right now. Corus might just trade this way for awhile.Next report is October. As their content deals start showing up on their financial statement results the market will start to build confidence in where this company is headed.