RE:CORUS Not a Value Trap - Dividend is Too LowLOL according to you it's going to $3, are you a buyer now? please tell us wise Estovon...
Best case scenario for this stock is to maintain current revenues, and in
NINE years the bank debt should be paid off... Question is can they do that? you seem to think that they will cut the dividend again, I personally don't think so.
Anyone holding this after the Shaw media purchase were suckers, the company should have immediately lowered the dividend. Why didn't they? probably Shaw crew wanted that nice fat dividend.
IMO this stock remains a trade until it breaks out through $6 - 6.25 will need a catalyst to do that don't know what that will be.
Hopefully they don't decide to buy any other assets in the near term, but as you have stated as a class B shareholder you have little say in that regard.
Estevon8 wrote: Cours was a text book example of a value trap when it was $11 and yielding 12% dividend.
Suck investors right in until the big implosion and divdend cut last year
Shaw played it well!
Even did the big push from $5 to $8 so they could unload 80 Million shares
Most of you missed the paid advertising via Canwire
No with 80% dividend cut it no longer rates as a value trap