RE:RE:Update on Corus, mixed bag of good and not so good, the GrizMan, yes, I have some skin in this game, substantially more than the 10 shares I had some weeks ago to quell critics here.
I am really affraid of the earnings! I am affraid that the stagnant, not to mention decreased revenue may push some to sell again and then we will be looking again at low 5s for some time.
Looking at this stock is like looking at your child, you love what you see but you always want to see more, more successes in school, professional career, happy mariage, healthy and smart grand kids etc. I would love to see the corus growing revenue, creating and establishing new sources of revenue - for example production and/or co-operation in production of sucessfull shows, generating stable and occuring revenue from the content library etc.
Just imagine where this stock would be today had the management really done something in the past 3 years instead of just talking about their vision and failing again and again badly needed diversification.
I've said many times on this board that we are totally missing the "G" factor from the enterprise valuation equation. The "G", Growth that is, is what makes Amazon shares worth $1,900 not to mention Tesla that grows like on a double or triple stereoids.
So, we may get a bit better or bit worst after earnings, but hopefully consolidation of shareholders and continuing debt reduction may soften the blow.
Personally I am against acceleration in paying debt and share buyback because sucessful companies first invest in growht and then, perhaps then, pay debt and buy shares back.
Well, it seems that this management has run out of ideas of how to grow revenue so at least they reduce debt and shares count.
Happy, Prosperous New Year.