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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 Apr 17, 2024 11:14am
280 Views
Post# 35993769

RE:Analysts after earnings - OUCH

RE:Analysts after earnings - OUCHRBC is the most generous at 1.25 at Sector Perform and all those analysts have revised to the downside.  The most troubling based on comments from the 2nd conference call is the continuance of lower revenue expected for the 3rd qtr and/or last half of Corus calendar annual year,  The 1st QTR conference call had a much stronger outlook for the year on revenues.  The main thing debt is continuaully being paid down as if it was not would be basically game over for Corus. If the debt repayment stays intact looking at about 100 million chopped off for the year.  While assuming the interest would be about 50 million per year or more based on 1 billion of debt but that is secondary. With lower revenue being a big concern and does not appear to get better till 2025.  Corus is a high risk to reward scenario.  If this turns around at present price % upside is immense e.g., .50 to say 5.00 would not be unrealistic.  The downside is obvious being share restructuring bankrupt or basically investment is pennies on the dollar.  The way I look at it, if the debt continually gets paid off despite lower revenues should eventually get some type of turnaround going forward.      
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