RE:Facts 1 The debt situation would be the key area for Corus. 1.7 billion in 2019 to 1.3 in 2022. Hence, it is being reduced but could take 10 years or more at current rates providing revenues are consistent. I believe intereset payments alone are 30 million plus per quarter on debt recently. If debt becomes manageable this company will fly. Providing TV and radio revenue is positive.
I do know one thing Corus bottom is somewhere between 0 to 1.85. The debt reduction, share buybacks, revenue stream, keeps me somewhat optimistic but has been a rough patch this last year. Hopefully management can rightside this ship. Shareholders should know within a couple of weeks on dividend status.
Worth a speculation play without gambling the farm at these prices but realize based on trading behavior more downside is in the works before get something positive to turn this around.