Also Doug Murphy on call today at 11:45 at bmo conferenceBiggest news item was confirmed paid down debt 250 million for 2019. Plan to pay another 250 million for year coming up. Current debt balance is 1.7 net as of last quarter. That means they are paying off debt at a clip of 14%. Not many companies can do that. Don’t be fooled by that snake guy. Cash flows are extremely strong.
Also other take away from call is radio has bottomed and turning up which is nice to see even though small part of business. Corus is on amazon now and they will be available on all streaming services coming to Canada. Apple coming in November so they have means to capture the 30 percent none cable customers. That will provide growth.
Emerging 50 advertisers also covered. Companies like amazon are regular advertisers now and they never did before
Dont let the snake fool you. Remember Adam and Eve and how that turned out. Cash flow at 1.70 a share so 5.50 is a fine buying price. Cash flows will continue to grow with new initiatives.
Nothing the snake has called has happened. He called for 2.50 a share. That will never happen.
Net income over $1 a share gives you a p/e of 5.
None of these metrics line up with means buyback is coming. I really don’t think they need to pay cash down further
Beware of the snake!!! I plan to keep buying here. Once foreign ownership rules get dropped how much do you think Corus is worth than??