RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Declares dividend Thanks for the advice :) BlueMoonShoes!
Mutual funds - no, thank you but no! I rather would go into the real estate business - if you could do it anyone can do it to!!!
Penny stocks I do, and I am not losing money there, trust me!
Reinvesting money back into the business does not necessarily mean acquisition, rather as it is in the Corus’ case, it means building up the content, investing in films, comedies, documentary et cettera!
You mention that this industry is about cashflow and dividends and I generally agree.
However, how do you continue collecting the revenue and paying dividends if you don't have a means to do so, if you don't have "goods for sale" (in whatever form it is).
The flow of money would eventually dry up and you would be left with less worthy, or even worthless shares that you bought back when you had money.
There is a good reason that Corus is in the “penalty box” with respect to market valuation! They have not delivered on multiyear promises to grow and diversify the revenue. That sudden market realization happened at the end of 2017 and last till today. How else can a reasonable investor explain that the company is trading at 2-3 times the revenue? Get it?
So, NO. Shares buyback is not the good option for Corus. Read more, learn more and you would conclude the same. and ........congrats on belonging to the 1% class as you claim, I am sure some of us on this forum are getting there too :).