RE:RE:Continually picking up Chunks the last couple of monthsI agree, considerably north of 1.50 especially if debt sitatuion gets in better control. Corus would fly in that scenario. RBC Capital Markets on Dec 24 release has a 1.50 target and Sector Perform from Drew McReynolds.
Investment Summary from RBC, "We continue to be impressed by management’s execution on multiple strategic and tactical initiatives with television. Nevertheless, we believe the company is facing a number of significant operating challenges that include both ongoing cyclical and structural headwinds, elevated net debt/EBITDA levels driven mainly by margin compression due to negative operating leverage, still limited visibility on the macro and advertising outlooks, and the disruptive impacts of U.S. guild strikes on the Fall television schedule. Until these operating challenges begin to abate and visibility improves on a return to a more stable revenue environment with more normalized margin levels, we expect the shares to remain under considerable pressure."