Corus Entertainment Inc T.CJR.B

Picked up a chunk today at bargain prices

[toppgunn]

Corus is very cheap in my opinion.  Strongly believe there is great upside at these prices.  Looking at the 1-3 year horizon instead of next 3 months.  A bargain at these prices whether the dividend gets cut or not.  Usually the decision is made before March 15, so should know soon one way or another soon. Just can't see a Canadian radio and television platform going away any time soon especially uniquely Canadian like the radio and news coverage for local viewers.

[Griz_Online]

The price is cheap, and it can always get cheaper. Cutting or eliminating a dividend says 2 things,  The company does not have confidence that revenues will support it going forward, and the outlook is poor. These are not a reason to be bullish on the stock, If you think that a dividend cut is bullish you must be very confident that it is already priced in.  Corus has little to no

[Dartmam32]

I dont know if a dividend cut is already priced in but I feel that the stock is oversold. I have put purchase orders in as low as $1.70 just incase there is an over reaction when the announcement comes out.

[Dartmam32]

I dont think that anyone on Bay Street expects the dividend to stay at 12.5%. It will either get cut or suspended.

[Puma1back]

It is really hard not to see it retest that $1.70 pandemic low when the cut is announced. Having said that, the short position has shrunk by nearly 20% in first half of February   

[Griz_Online]

Buying a flush down might be a play if they signal that the pullback in ad revs has troughed, and they're looking at cost cutting and divestiture of some non core assets. Would also be a positive sign if our 5million dollar man Doug bought a couple 100K blocks LOL

[ratsnake220]

I NOTICE...NO ONE HERE TALKS ABOUT THE DROP IN SALES...nobody....Why ????  top gunn you know whats going on....Just be truthrul....sales are dropping....CEO warns TOUGH TIMES AHEAD...if he sees it why dont you believe him?   Its fact...its in the financials and now the stock is reacting to reality,,,,,its okay to say your trying to market time??   But dont gaslight on this board

[toppgunn]

Investors of Corus should soon find out the status of the dividend.   All companies are unique on debt, revenue, dividends, and forecasted outlook.  There Feb 7 presentation stated rewards fo investors is the dividend.  The last quarter financial resutls had comments that the dividend was under review and management to make decision, plus share buybacks are not going to occur

[ratsnake220]

Top guy says cant see a Canadian radio and tv platform going away any time soon especially UNIQUELY CANADIAN like local new coverage for in radio and and local viewers The Business model is 5% of their programing is news coverage....and you sound like you were describing the CBC ...in fact you were....but the CBC is back stopped by the taxpayer....their mandate is to produce local programming