Post by
YassineNoBS on Oct 28, 2024 8:06pm
Do not believe short sellers at face value
Since 2018 Corus paid over 1.1 BILLION dollars in dividends and debt repayments.. Corus acquired Shaw Media for $2.65 billion back in 2016. The debt is now down to $1billion. Interest rates are trending down. When the doom and gloom cycle ends Corus will have three levers in its favour: less debt/less interest payments, less shares available as they will resume share buybacks which will translate into more cash flow especially when the general sentiment improves. Within less than 5 years the company will be almost debt free and potentially with 50% less shares floating around. Just Imagine the possibilities and I am not even talking about their partnerships like Pluto TV and the expansion of their content offerings and international distribution and merchandising. Corus is not about just radio and TV, they own multiple advertisement and marketing companies as well as production studios with their own streaming platform.