RE:RE:RE:Goes down no matter the resultMarket sentiment is weird and valuations can be pushed in either direction. Stack is a good sign of adjusting to the times.
As CRTC stands about foreign ownership and anyone large enough in media is too large to purchase Corus' assets nothing will change on a takeover front until it can even be remotely possible a transaction going through.
BCE tried in the last couple years to buy french stations from Corus and were prevented from doing so.
Shaw shares sold in the 6 range and Corus analyst ratings being averaged to small upside doesnt help.
homebound wrote:
I agree with your assessment, however, my thinking was after a good quarter and what seems like a turn around of the company with growing subscribers base on a new platform Stacktv, breakthrough multi year content deal, the stock should perform and go back to at least 40% of the value from its peak. That should put the stock price at $10. I have been following Corus since 2016 when it started the turn around initiative. Now, the organization has started to bear fruit of the turn around the stock price should reflect it. Unfortunately, that is not th case. Though, speculating if it's a calm before the storm as there may be takeover news coming soon.