RE:Picked up a chunk today at bargain pricesThe price is cheap, and it can always get cheaper. Cutting or eliminating a dividend says 2 things, The company does not have confidence that revenues will support it going forward, and the outlook is poor.
These are not a reason to be bullish on the stock, If you think that a dividend cut is bullish you must be very confident that it is already priced in.
Corus has little to no growth, high debt going into a likely recession with rising interest rates and to top it off it has to operate in a lousy over regulated industry.