Ghostbuster wrote:
Corus TV revenues are taking massive hit this month.
Corus MUST cut costs and the only place to do that is the dividend
'ratsnake220' was bang on when warning about how vulnerable Corus Entertainment would be in recession
This month decline in CJR.B share price once again outpaced the TSX in its fall.
Even in good time CJR.B behaves like a dog
The worst is yet to come
Current TV advertising slots for this month were pre-sold several months ago
TV advertising for the summer are being sold now
Advertising is the first place most companies will cut back in hard times
Corus will not be able to cut back on debt and interest payments
Shaw and Corus management will have no intention to cut back on them selves
The worst is yet to come for Corus Entertainment CJR.B shareholders
Well below the predicted $2.40 range is sure bet now
CJR.B shareholders had ample warning for years on this
If you have been long on CJR.B you have no one else to blame on this
Toronto Stock Exchange 5 years UP 10%
Corus Entertainment 5 years DOWN 86% (with 80% dividend cut)