RE:RE:RE:RE:bmoYou have seen nothing yet. Here is what is coming, next quarterly report will show a lose, year end will likely require an asset write down, current book value is $5.12, and the dividend will need to be cut maybe by half or cancelled.
CORUS can not compet with the price structure of the majors especially in the internet market and the old time advertising on TV and radio will continue to dry up. They are placing more dollars at risk in the production market and this is a high risk sector especially for junior players such as Corus. Take a close look at what they are doing, very little new advertisers, news broadcasting is losing market share and in a 30 minute broadcast there is almost more time allocated to commercials compared to time given to the program.
The stock value dropped to $1.55 not too long ago, this will be retested soon and don't be surprised to see it break down below this level. Also, it continues to carry too much debt and a breach of lender covenants at this stage of the game could be a disaster.