Corus Entertainment Inc T.CJR.B

Confirmed performance vs fear mongering and guesses

[YassineNoBS]

fundamentals vs. short term stock price volatility. 

Since 2018 Corus paid over 1.1  BILLION dollars in dividends and debt repayments.. Corus acquired Shaw Media for $2.65 billion back in 2016. The debt is now down to $1.3 billion and with the recent share buybacks there are less shares floating around. When the doom and gloom cycle ends Corus will have three levers in its favour: less debt/less interest payments, less shares available as they continue their buybacks which will translate into more cash flow especially when the general sentiment improves. Within less than 5 years the company will be almost debt free and potentially with 50% less shares floating around. Just Imagine the possibilities and I am not even talking about their partnership with Pluto TV and the expansion of their content offerings and international distribution and merchandising. Corus is not about just radio and TV, they own the best software to develop kids content, multiple production and marketing companies as well as studios.

 

Free cash flow generated by Corus since 2011 (amounts are in millions and reflect the fiscal year):

2011: 134.861

2012: 155.147

2013: 154.711

2014: 175.276

2015: 201.213

2016: 188.165

2017: 292.660

2018:349.007

2019: 309.970

2020: 296.247

2021:251.947

2022: 239.600

 

The annual revenue (in millions) generated by Corus since 2010:

2010: 767.53

2011: 825.21

2012: 842.28

2013: 751.54

2014: 833.02

2015: 815.32

2016: 1171.3

2017: 1679.01

2018: 1647.44

2019: 1687.5

2020: 1511.24

2021: 1543.48

2022: 1598.586 

So in 2022 revenues increased over fiscal 2021  not what the short sellers are peddling. 

Short sellers prey on uninformed retail investors and I hope that some numbers will help put the facts at the forefront of the discussions instead of endless fear mongering from the short sellers.  Now that you know the facts make an informed and rational decision not an emotional one.