Corus Entertainment Inc T.CJR.B

Future Outlook?

[toppgunn]

Capitualation was necessary in Corus and was almost expected especially in the .40 cent range.  There has not been much good news over the last few years.  Every year has shown continual less revenue plus recently loosing Warner deal at the end of the year adds to the problems. The debt situation is a big concern as Corus needs to tackle it going forward to avoid breaching convenants.  There is "probably" massive upside if Corus can survive both 2025 and 2026, otherwiise most likely won't exist or be n a different format.  RBC recently updated their target of .50 with upside of 1.25 and downside of .10 cents.  That basically sums it up where Corus is going to be next year.  50/50 in my opinion of surviving.

[Puma1back]

I think your timelines could be a good estimate - unsecured debts are way out on the curve coming due in 2028 & 2030 though not sure about trigger events to accelerate maturity.( see last paragraph) They have done this capital structure mgmt pretty well having flogged all those notes before rates rose and into what was still a frothy debt market.  they should however have also noted