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Corus Entertainment Inc. T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based diversified, integrated media and content company that develops and delivers brands and content across platforms. The Company operates in two segments: Television and Radio. The Television segment is comprised of over 33 television networks, approximately 15 conventional television stations, digital media assets, a social digital agency, a social media creator network, technology and media services, and content business, which includes the production and distribution of films and television programs, merchandise licensing, and book publishing. The Radio segment is comprised of around 39 radio stations situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario. The Company's primary method of distribution is over-the-air, analogue radio transmission, with additional delivery platforms including HD radio, websites, mobile applications and podcasts.


TSX:CJR.B - Post by User

Comment by toppgunnon Apr 17, 2024 11:14am
201 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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