Corus stock is way up

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Corus stock is way up

Postby tuned » Thu Apr 05, 2018 9:39 am

Great article on what's happening at Corus. Stock is up and the dividend is solid.

"Corus had a strong quarter in radio, where it saw 2.9-per-cent revenue growth, which Mr. Murphy said was thanks in part to “the scale benefits of local.” Sales teams, he said, were having a “great time” selling television and radio advertising together in large markets.

He also highlighted “revenue synergies” the company achieved by bringing together Global TV and radio programming in various markets. The reshaping of Global News has changed the news landscape in Canada. In mid-February, Corus cut nearly 80 jobs from its Global News division, largely in television production, saying it would open 50 new positions to focus on online news."

https://www.theglobeandmail.com/busines ... ectations/
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Re: Corus stock is way up

Postby albertaboy4life » Thu Apr 05, 2018 10:03 am

It's still got a long way to go though . . .

Recognizing a business is worth what a person/the market is willing to pay for it -

Book value per share is just under $12. http://quotes.wsj.com/CA/CJRB/financials

Five years ago it was trading as high as $26 a share and recently traded as low as $5.56 a share.

"Book value simply implies the value of the company on its books, often referred to as accounting value. It's the accounting value once assets and liabilities have been accounted for by a company's auditors." https://www.investopedia.com/articles/i ... -value.asp
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Re: Corus stock is way up

Postby Richard Skelly » Thu Apr 05, 2018 11:07 am

Funny how $5 to $6 can be a pivotal figure for a falling stock. Back in the mid/early’90s, Apple got down to that level in US greenbacks. Factoring in subsequent 7-for-1 split, Apple currently trades at the equivalent of about $1,400US a share. BlackBerry (formerly Research In Motion) also bottomed under $6CDN last year but has risen as high as about $17CDN since.

So one hopes for the best at Corus. I do wonder how much debt (hopefully manageable) Shaw stuck them with when the spinoff transaction occurred. The other important point about $5-6/share is that if a declining stock falls below that for any length of time it can then, like Bombardier easily get stuck under $2. Much lower and a so-called “penny stock” usually goes on death watch for either creditor protection or, less dire, a buyout from a lurking competitor.

We’ll see which way things go for Corus. For now, fingers crossed.
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Re: Corus stock is way up

Postby jon » Thu Apr 05, 2018 12:09 pm

An hour ago, TD downgraded Corus to a one year target price of $9 from $11, and predicts a major drop in Dividend.

But their Recommendation is HOLD and their Risk is HIGH.

On the other hand, Shaw has a one year target of $34 (they are now $24.80), ACTION LIST BUY is their Recommendation, and Risk is MEDIUM. Dividend is currently 4.78%.
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