RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Declares dividend Hillsville, agreed with all of what you wrote - no point arguing with facts and proven financials!
If you want to pump and dump then the buyback is the right thing to do, otherwise reinvest available funds back in the company operations.
Now, Do You Know why Corus' share price is where it is?
Does the Capital Pricing Model and Discounted Cash Flow method tell you anything about company valuation?
In my opinion that that happens to be the same as the market - it is the result of stagnant and/or decreasing revenue, shrinking subscribers market and strong digital competition that influence the valuation to the point where it is now. It is all about GROWTH!
And if you don’t agree explain why the company is trading at around 2.4 Price to Earnings and how would the share buyback address the problem in the long run without bankrupting the company.