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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

Comment by toppgunnon Feb 27, 2023 9:13pm
194 Views
Post# 35308571

RE:RE:RE:RE:Picked up a chunk today at bargain prices

RE:RE:RE:RE:Picked up a chunk today at bargain pricesInvestors of Corus should soon find out the status of the dividend.   All companies are unique on debt, revenue, dividends, and forecasted outlook.  There Feb 7 presentation stated rewards fo investors is the dividend.  The last quarter financial resutls had comments that the dividend was under review and management to make decision, plus share buybacks are not going to occur after the Jan 16 deadline.  Hence, status remains unknown but the way Corus has been trading and 12.5% yield kind fo tells the story of divdend being cut or suspended.  That said, I've held some companies e.g. Chemtrade that had cut their dividend in early early 2020 from .10 to .05 monthly and sitll had a 15% yield trending for about a year afterwards.  Now Chemtrade is around 6% yield.  Hence, a company can be buckled at the knees or going through a few quarters of tough going only to resurface and trade positively.  That said, dividend may stay intact on Corus as most companies have been in the gutter for the last year.   The biggest issue is their debt but importantly this has been controlled and reduced over the last few years e.g. 1.7 billion in 2019 to about 1.3 billion in 2022.  Once, this debt starts to get reduced this company will start to fly especially segment profit to debt levels is managementable.  I'm looking at the long term outllok and under 2 dollars is a bargain.  Yes, this can go to zero but upside is higher than the downside in my opinion.  
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