Corus Entertainment Inc T.CJR.B

Threw in the towel

[forkliftguy]

I hate to take a loss , but I gave up on this company this past Monday at slightly higher prices . My main concern was that they borrowed on their line of credit  .  That basically means that in layman's terms their pockets were empty .  This is my 3rd ownership of this company . Maybe I will own it again down the road .  For those interested "  I have never shorted a stock "  in 60 years of playing the market . I wish  everyone the best of luck . I could be totally wrong  about selling Corus .

[Puma1back]

I believe the market is saying that CJR will be throwing in the towel on the dividend- it is signalling that the March dividend will either be the last or it will be cut to 4 cents per year.  

[Puma1back]

The pressure will be maximum when they push the yield to over 10% and then the traders will short it to break $1.00 so that certain funds need to dump it. At that point you double down and cash out later for $2.00 plus a share.  

[toppgunn]

Nevertheless, should be getting close to a bottom.  Noone can predict when the bell will be wrung for a bottom.  It comes do you believe in the company to retract back to above 5.00 vs. Corus desolves to zero and goes bankrupt.  I'm in the camp of getting back to 5.00 within the year(s).  The market has not been great the last couple of years 2022/23 for return for