RE:RE:RE:bmo they were $70 million ahead of last year by Q3 & Q4 last year was $361 million. So unless they have cratered below the Q4 of 2020's $318 million, they will still beat 2021 overall on the revenues at least.
Earnings will get hit harder with cost pressures but that is not a permanent issue for Corus. They fixed the rates on almost 60% of their debt so that will separate them from some as well.
they have peeled almost $700 million in debt since the end of fiscal 2018 - this has dropped their interest expenses by about $50 million a year from 2018. In other words the dividends are fully funded just from the interest savings.
at the end of 2018 they had a deficit of some $850 million and after adding the 2020 write down of $800 million you get a $1.65 billion deficit- but at the end of Q3 it is $1.2 billion - so even after paying dividends of about $50 million a year for all of those years they have still put $450 million to the bottom line. Or another way- $650 million in about 4 years. There are companies worth 10 times Corus who have never put a cent to the bottom line -
this price continues to value the company as something that will disappear in 10 years - and for the ones who will say TV is dead, i will leave it with the fact that chch from Hamilton is still making $ right now replaying old My Three Sons & Father Knows Best episodes - shows that were created some 60 bl@@dy years ago. So yes, people will most likely be watching TV in 2062 and Corus will be there producing content.
Muncher wrote: Yeah disappointed they were buying back shares at end of august with this release. Have to hold here but man feel this company has not maximized its value. It trades so cheap. Liquidate the parts and payout shareholders.