Corus Entertainment Inc CJREF

future of corus question BNN marketcall july 5

[jennifer8]

https://www.bnnbloomberg.ca/market-call/mike-vinokur-s-market-outlook~2953379

approx  20:15

 

[Possibleidiot01]

stockchase.com DON'T BUY Corus Entertainment (B)(CJR.B-T) 05/07/2024   Unsure on direction of business. Things not looking too good for the business right now. Recently lost streaming contract to Rogers. Management has taken on too much debt, and hasn't managed business very well. Could go bankrupt - would be opportunity for restructuring.&

[jennifer8]

would it be benetifical for corus to buy  TVA group  to renforcement 

[YassineNoBS]

Not an option at the moment for regulatory and balance sheet reasons. CRTC regulates the industry and they are usually against Media concentration and oligopolies and Corus is still digesting its acquisition of Shaw Media (one billion dollars left to pay).

[YassineNoBS]

Market analysts are not infallible and they make bad judgements about the future more often than not (example this same analyst you mentioned made a stock pick in November 2023 telling people to buy CVS health and the stock ended up losing 19% a year later). No one can claim they know the future, they can only speculate and in the media space there are so many variables at stake that lots of