Corus Entertainment Inc T.CJR.B

Boost in share price coming soon.

[nevertrumper]

XDividend Date Dec 15th and a very attractive price should give a boost to the share price over the next few weeks.

[toppgunn]

It would seem the share price should start to trend up over the next few weeks.  Corus has somewhat been in a rut over the last month.  

[Puma1back]

The Q4 numbers were a beat of analysts and the great updates done by TD would affirm this imo.  but unfortunately about 10 days later the 50dma crossed under the 200 dma and it now seems clear that the technical event has been more powerful than the fundamentals event.  It did look like the large unwinding by ? - a fund? - is still not complete, even though it looked like it had

[Curc2020]

Pumaback1 Do you believe it might still be Shaw getting rid of their Corus shares before their buyout from Roger's? I remember an article that stated they were selling all their 80 million dollar stake earlier this year.

[Puma1back]

someone else can join in, but I believe that Shaw dumped them more or less in a larger places single transaction quite sometime ago.  

[Puma1back]

To add to the below- Morgan have been big net sellers last couple of months. And look at the volume with the US markets closed :   

[Curc2020]

Thanks for the reply. Not sure why is has gone down so much since the last quarter new release, but Corus looks a lot better now, than a few years back. Perhaps someone is interested in taking it on or over?  Discovery+ Canada? HBO? not 100% but maybe 10% plus. They have a great line of content with Corus Studios and their lineup of popular specialty channels. I think this should go up

[JJMA]

Members of rhe Shaw family are insiders. So they would have to disclose all  sales to the market. I have not seen such diclosures from the family.

[Puma1back]

Just google it - Shaw held the Corus position as Corus was spun out of Shaw years ago. They dumped half a billion of stock back in 2019 as a structured placement. 

[Puma1back]

Well , we broke through $5 so loss of margin ability : I would expect more pain before any gain for the rest of calendar year 2021.  it is so hard to time buying

[Etstedesco]

We stay the course. Dividend payment coming Dec. 30 Ex dividend date December 14. Drip will be great . GLTA 

[Puma1back]

what would be a very positive event for the stock would be for the Shaw family to allow the B shares  to be converted into voting shares. we got into this knowing they had voting control but it made more sense when they also owned a huge chunk of the non- voting. now the family owns 3 million - 100%- of the A class and with only this 1.5% holding in the entire company (3 million of 206