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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 Masterbuilderon Oct 24, 2023 1:49pm
206 Views
Post# 35698607

Breath deep.

Breath deep. All this writing about short sellers, manipulation, yadda, yadda... it's been a market dynamic for years. A more productive use of time is to focus on the truth, which ultimately prevails. The truth is if your horizon is 10 years, this story feels pretty darn good. If you are nervous about the next 6-12 months, you might think twice. The barrier to entry in this industry is wide. How many new companies do you see entering the markets Corus is in? With all the CRTC hurdles, challenges with developing new brands, aging audiences, the YouTube phenomena stealing eyeballs, and slow transformation to a digital economy... there are not many wanting to wade in. Break it all down by lines of business and their is huge potential over the longer term with few new players entering the landscape. Let's say you broke up this company now to extract value for shareholders. Would the buyers be buying LOW or buying HIGH? You are going to say LOW. And that is the truth. It makes no difference what short sellers think. They are right to ride it down to a value price point. Let them have their day. Ii suggest you watch the changes in the short interest from month to month, as well as the technical chart starting to roll over in the MACDs (short to mid averages). For me, I am taking a deep breath and staying calm. My eyes on the longer term with the hope that the truth is on my side.
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