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Corus Entertainment Inc T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based diversified, integrated media and content company that develops and delivers brands and content across platforms. The Company operates in two segments: Television and Radio. The Television segment is comprised of over 33 television networks, approximately 15 conventional television stations, digital media assets, a social digital agency, a social media creator network, technology and media services, and content business, which includes the production and distribution of films and television programs, merchandise licensing, and book publishing. The Radio segment is comprised of around 39 radio stations situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario. The Company's primary method of distribution is over-the-air, analogue radio transmission, with additional delivery platforms including HD radio, websites, mobile applications and podcasts.


TSX:CJR.B - Post by User

Comment by YassineNoBSon May 04, 2022 8:46pm
164 Views
Post# 34657219

RE:RE:Share buyback

RE:RE:Share buybackIf the company buys aggressively at the front end it would empty its bullet chamber earlier than expected thus letting the short sellers drag the price more aggressively at the back end when their chamber is empty. It is better for Corus to be strategic and optimize the order sizing to minimize the average purchase price. Not an exact science since you can't fully predict how far the other party will go to shake out weak hands. As the company continues to pay down debt they could apply for a substantial issuer bid to absorb all the shares held by weak and unsophisticated buyers who run for the exits when the product is on sale.
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