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Corus Entertainment Inc T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based media and content company that develops and delivers brands and content across platforms for audiences around the world. The Company's segments include Television and Radio. Its portfolio of multimedia offerings encompasses approximately 32 specialty television services, 37 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services. Its brands include Global Television, W Network, Flavour Network and Home Network (launching soon), The HISTORY Channel, Showcase, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. It is also the domestic advertising representative and an original content partner for Pluto TV, a Paramount Company, which is the free ad-supported streaming television service. It is an international content creator, producer and distributor through Corus Studios and Nelvana.


TSX:CJR.B - Post by User

Post by modulexon Jan 13, 2023 2:09pm
299 Views
Post# 35221830

A VERY SAD PLUMMETED STOCK

A VERY SAD PLUMMETED STOCK
Basically, dont expect any more dividend payments until quite some time, respectfully, i would say no more.  The company should have long ago stop wasting such money given its financial distress.

Book-vale is $3.76.

Will a takeover (or) a divestiture of assets happens to unlock shareholders' value? 

As per https://www.stockwatch.com/News/Item/Z-C!CJR-3352801/C/CJR

Outlook

In addition to continuing to take rigorous cost reduction measures, the company believes it is prudent to conserve cash out of an abundance of caution. As such, the company will not renew its share buyback program when it expires on Jan. 16, 2023. In addition, consistent with this approach, the company's board of directors has decided to defer its decision on the declaration of the March dividend at this time. The outside date for a decision on the declaration of a March dividend is March 15, 2023. The company will also use this opportunity to consider the alignment of dividend declaration and payment dates. The company understands the importance of the dividend to its shareholders and remains committed to its long-term dividend philosophy.


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