Post by
toppgunn on Sep 30, 2024 5:36pm
Gut feeling - Corus survives
A few points:
- Stock has been trending up with strong bullish indicators on short term and intermediate, although no evidence on Long-term sentiment.
- RBC continues to give a sector perform e.g., Sep 29. RBC and TD are the key loan guys with Corus. Everyone else is simply noise. Even despite the recent Oct 15 ammendment deadline with the loan companies.
- RBC has total debt outlook continue to trend down for 2025 (122 million more) and 2026 (117 million more). Very positive in my books able to get debt lower.
- 1.3 billion annual revenue.
- Quebocor still wants to buy Corus out e.g., Globe and Mail Article Sep 29 article at upwards of 400 million equity value according to reporter. May need to know more fully on full extent of article.
- 800 jobs eliminate and all divisions under cuts if not production. 800 jobs equates to 85 million dollars, plus cuts add to the millions too.
- Expect have a better outlook of Corus in next couple of months. I just cant see this company dissovling and Canada having no media coverage across the nation. Maybe Facebook and Amazon will give the news to us Canadians based out of the USA.
- Anyways, yes can go bankrupt but still lots of life left in the company.