RE:Upside Projection?Corus is definitely in a good uptrend. It was not long ago where you could buy Corus shares around 2.5 back in July whereby I loaded up with another chunk.
This company definitely appears to have turned the corner but needs to be prudent on their debt reduction. They have reduced it considerably over the last few years from over 2 billion to around 1.5 to 1.6ish billion today. I believe the extra money saved from the dividend reduction has been applied directly to debt reduction. If Corus continues to get this debt situation in better control than interest payments will be considerably lower and hence more financial flexibility. This has been commented numerous times by analysts following this company.
I agree things are looking up and Corus needs to not increase their dividend. Keep it the same until their finances are in a lot better shape which could be several more years. Lots of upside if continue to exercise their business plan as layed out in the presentations.