Post by
Reachme on Jun 23, 2023 3:44pm
Point of no return
for Corus on next financials....
Comment by
Puma1back on Jun 23, 2023 7:24pm
numbers south of the border were ugly for last reporting but they termed out their debt for 5-7 years : no immediate crunch but they need to follow CTV/Bell and do some serious mgmt slashing of costs .
Comment by
Puma1back on Jun 29, 2023 6:53am
The market sure pegged the book value - we are now down to a bv of $1.30. No Goodwill anymore - so much for Cdn media values. we do have a dividend - so they are cleaning up the balance sheet and setting up for Shaw to take it private for under $2.00 a share
Comment by
BalanceVsBias on Jun 29, 2023 7:00am
FYI Shaw was acquired by Rogers. I guess you meant to say the Shaw family.
Comment by
NLMoose on Jun 29, 2023 1:07pm
Rogers and the Shaw Family don't own Corus Entertainment as they are an independent company. In fact, Corus was spun off from the Shaw's nearly two decades ago.
Comment by
Puma1back on Jun 29, 2023 7:06am
Question in my mind is whether the dividend was a statement of strength by mgmt or just the Shaw family stripping out cash? the adjusted income was 9 cents so allocating 3 cents isn't unreasonable as they also put $11 million on debt.