RE:Continually picking up Chunks the last couple of months I think well north of 1.50. In addition to grabbing shares I have bought a lot of $1 options contracts.They are trading at ridiculous lows. ( if CIBC you have to use CJR as the code )
I guess we will get a good clue mid January .
toppgunn wrote: My personal opiinion, CJR.B is an absolute steal at these prices and famous saying, "Put my money where my mouth is meaning". Bought chunks these last couple of months and beleive this is at the bottom or close to it going forward. The wrtiers strike is over, divident being cut, debt has continually been decreased since 2018 even in 2022 and 2023 being considered poor years, Facebook and Google can't use Canadain news feeds without paying. Canadain content of TV news and radio "probably" is not disappearing and believe there will be lenacy in that regard from Government. Who wants a USA news feed in a Canadian country? Were lacking in that department in that opiinion as it comes to Politics, and news in general. Corus has that covered with their contents. Whether can do it financially, beliefve it can be done. Along witht the entertainment sections that have shown good revenue streams.
Only negative I have with Corus is wish there was a sports channel as could be a huge revenue earner in Canada. Perhaps, coverage of some NFL games, Soccer (e.g., Canadian mens and womens) as Rogers is known to not show if NHL if in conflict at same time or is delayed. Perhaps CFL football as believe could do a way better job than TSN. Sports that compete with CBC. NFL, NHL, NBA,MLB are probably out of the picture but perhaps some sports contracts could be realized.
Anyways believe Corus is going to 1.50 instead of 0. Currently at .75 approximately. 100% return on investment if that scenario becomes reality.