RE:Shorts LOL - thats what Corus said last time before they cut the dividend I've never ever heard a company say that before, if u have to ask the question the writing is close to be on the wall (it's pretty much the kiss of death). If the stock stays at $2 that's Bay Streets way of saying cut the dividend or we don't buy (ie shore up the balance sheet)
Now this has to go private - am I mistaken or did the ceo not say they have $0.5 BILLION in recurring revenue from Stack digital and content distribution? The current market cap is $0.4 Billion so WTF Private equity has to be looking at this - is Gerald Schwartz still around (Onex) Getting interesting here though.BTW $350 mill "goodwill" write down with no explanation of what exactly is no longer worth the 350 million they thought it was - is it ther program content, equipment write off, real estate WHAT?
Puma1back wrote: The mid month numbers came out & they jumped from 6.8 million to 8.5 million.
since the middle of August the short position here has more tham doubled - sat at about 3.7 million mid August.
given we are regulated on domestic ownership restrictions & have about 5 Shaw family members controlling all the votes, we ain't looking at any activist funds sticking their nose over here -
a clear statement and quick work by the government on Bill C-18 is about the only catalyst that could trigger a short cover as all the drags form Cdn content costs could be offset with new revenues to compensate them.