Viewing Company Corus Entertainment (B) | StockChase
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Corus Entertainment (B) Stock Symbol: CJR.B-T

Notes:radio broadcasting, specialty television, digital audio services and cable advertising services

Last Price Recorded: $13.1500 on 2017-05-24

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Date Signal Expert Opinion Price
2017-05-03 COMMENT Kash Pashootan

Had owned this at the time the stock price was going down. When it got back to previous levels, he sold his holdings. Over the last 12-18 months, they’ve gone through a transition of being more focused on what they want the business to look like going forward. Today, they are in 2 parts, children and women and family. He likes that move, but there are still lots of question marks on what the industry will look like. Still a lot of work to be done. Dividend yield of 8.6% which he thinks is safe.


Price:
$13.270
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
No
2017-04-10 STRONG BUY Gavin Graham

It halved in price partially because of cable cutting. But it has the shows that people are NOT going to stop watching.  Now they are actually starting to see some increase in advertising revenues.  It remains a buy because the dividend is safe at 8.5%.  At some point people will realize the selloff was overdone.


Price:
$12.900
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BEAR
Owned:
Unknown
2017-03-28 DON'T BUY Paul Gardner, CFA

The yield tells you they are under stress.  They have underperformed.  We have seen a number of earnings misses.  It is an underperforming sector.  He does not know if the dividend is that sustainable.


Price:
$13.060
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-03-22 TOP PICK Stephen Takacsy, B. Eng, MBA

This is one that you buy, hold and don’t let it go. In the large cap space, it is probably the best value out there. Still misunderstood. The largest TV broadcaster in Canada. Everybody is worried about cord cutting and cord shaving, but they bought Shaw Media about a year ago, and now the cost synergies and revenues are kicking in. Over the next 12 months, he expects the company to return to growth. Subscriber growth has already started to go back up thanks to Disney and some of the other specialty channels. They just renegotiated their ad agency contracts, presumably at higher rates. Dividend yield of 9%. (Analysts’ price target is $13.)


Price:
$12.490
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-24 TOP PICK Bill Shaw

They have to get some good synergies of their Shaw acquisition, and in terms of subscriber, they have to keep it up. In 2018, the CanWest payment of $5 million a year disappears. The payout ratio is starting to come back down. Dividend yield of 8.94%, which he thinks is secure, but he wouldn’t mind if they cut it to conserve cash and reinvest it in the business. (Analysts’ price target is $13.23.)


Price:
$12.750
Subject:
CANADIAN DIVIDEND & REITS
Bias:
UNKNOWN
Owned:
Yes
2017-01-27 COMMENT Kash Pashootan

8.6% dividend yield, which in the short term is safe for the time being. The flipside is, they should cut the dividend and use the cash flow to reinvest in the business to turn things around. They’ve done a great job in realigning their focus to kids and family, as opposed to some of the other brands they were operating under. If buying the stock, you are betting on the next leg up of their recovery from here. There are easier ways to make money out there.


Price:
$13.180
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
No
2017-01-23 SELL Steve DiGregorio

Radio station with specialty channels. They also own a children’s program. Feels the balance sheet is stretched and that the payout ratio is a little tight. Feels it is a trading stock in the $12-$13 range. Doesn’t see the business as being sustainable long-term. Prefers something with growth such as DHX Media (DHX.B-T), however you will be giving up some yield.


Price:
$13.300
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2017-01-12 COMMENT James Telfser

This is in a bit of a decline. Media assets are not exactly thrilling assets to hold right now. There is not a lot of growth. Their dividend is pretty well covered, so it is pretty safe. You are just not going to get the multiple expansion. Think of this as just a dividend payer, and hope that earnings turn around. The dividend yield is going to keep a bit of a floor under the stock, so you don’t really have to worry about that. Hopefully the media cycle can turn around a little. He sees better income opportunities elsewhere. Dividend yield of 8.7% may be a little rich.


Price:
$13.130
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-11 COMMENT Christine Poole

Just reported and results were a bit weak. They bought the media assets of Shaw Communication (SJR.B-T) last year, and are really in the process of integrating those assets. Media is going through a lot of change in terms of how people watch the various stations and networks. She doesn’t have any Canadian media plays. 8.7% dividend yield, which is always a flag that they may cut.


Price:
$12.870
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-05 HOLD Brian Acker, CA

The model price is $18.  Cord cutting can actually happen and he can now choose his channels.  The market is anticipating that not that many people will cut the cord.  He thinks it sticks around $12-$13, EBV.  You are only there for the dividend in the future.  You have seen all the upside already for 2017.  He thinks they are just making their dividend.  8.7% yield. 


Price:
$12.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Unknown
2017-01-04 DON'T BUY David Baskin

He wouldn’t buy at this point. There is a lot of uncertainty going on. The habits of millennials are very different from the habits of the previous generation.


Price:
$13.080
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-14 WATCH Christine Poole

9% dividend yield, and usually when they get this high you have to be cautious. They acquired the Shaw media assets, and are presently integrating that, so you have to keep an eye on it to see how it gets along. She has no desire to own this name at this time. She prefers something like Disney (DIS-N).


Price:
$12.660
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-12 WATCH Stephen Takacsy, B. Eng, MBA

It is a big holding.  The hefty dividend yield is quite safe.  They are just integrating the Shaw media acquisitions they made.  The next few quarters will be telling as the advertising rates get renegotiated.  They are doing a good job of cutting costs and getting into their own production.  If everything plays out it will do well for them.  9% dividend.


Price:
$12.300
Subject:
CANADIAN
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2016-12-12 COMMENT Kash Pashootan

This has gone through a restructuring, from being more widespread in terms of media and content to reclassifying, and now is basically focused on 2 business lines, kids and family in the home. He likes to see that, because they now have a clear direction moving forward. The share price has bounced back since the lows. Moving forward, they have a lot of work ahead of them in terms of growing revenue for the share price to really take some meaningful steps forward. The dividend is safe currently.


Price:
$12.300
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2016-12-02 DON'T BUY Fabrice Taylor

Doesn’t know this company particularly well, but does know the media industry a little. He is very leery of this as people don’t spend a lot of time listening to radio or watching traditional TV anymore. Their eyes are glued to the Internet, which is major competition. The 9.3% dividend yield tells you people are concerned about the sustainability of it. The stock chart is not looking very good. If you own, think hard about if you think the business is viable. Look at their cash flow structure to see if they are generating enough money to pay the dividend.


Price:
$12.130
Subject:
NORTH AMERICAN - SMALL
Bias:
UNKNOWN
Owned:
No
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