Corus Entertainment Inc T.CJR.B

First impression

[Muncher]

Earnings seem pretty good for the decimation that happened in stock price? Year end cash flow shows them trading at 2X FCF. Like the stock will continue to hold. Foward guidance abit weak but seems they will continue NCIB. Will dial into call to see what management has to say.

[Puma1back]

i suspect the headline write downs and current margin compression will lead to more target reductions. I would hope the $1.50 drop  imbedded these results but i doubt that the degree of compression and asset writedown will go unanswered- I wouldn't be shocked to see us break $2.00.  I hope you are right Muncher & cash flows will floor out the price here   

[Puma1back]

Discount rates are rising significantly under the current rate environment: higher discount rates hammer npv calculations- voila - impairments. Interesting to see if CTV will be big enough for Bell to also have a writedown in TV? the CFO has to come to the table here with a meaningful cost cutting strategy so we dont get the Liz Truss treatment from the markets.

[ratsnake220]

To listen to Murphy on BNN....no problem....what recession?   our 4 th quarter will be big in Tv....He is right about assumption that NORMALLY 4th quarter is largest......But NORMAL DOES NOT APPLY NOW.....I always find the Tv reps to be very happy that they are doing well......Do they mean they are doing well and to heck with the shareholders.....Its confusing and murky....Analysts especially

[YassineNoBS]

Hey rat, we can smell you from a mile. Short the stock of you want or cover but don't think that you are fooling anyone but yourself with your short selling propaganda.

[Puma1back]

Broke $2 in 6 minutes 22 seconds - longer than expected 

[ratsnake220]

puma short term bounce is a good guess...but long term....the analysts were destroyed in past year....Max rode this all the way down....when i came on board a year ago and said i was short and reasons.....i had not a clue the speciifics of the muddy waters....neither td TD Bank who had this dog as a top idea....Can you believe the morons had this as a $10 target....So i only shorted based on