CanWest Global Comm. (CGS.V) Buy, Sell or Hold

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CanWest Global Comm. (CGS.V)

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-0.00 (0.00%)

1 watching

DON'T BUY

(Market Call Minute.) Have got to be pretty much worthless.

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DON'T BUY

(Market Call Minute) It’s bankrupt.

WATCH

Massive spike on volume recently. Don't act on just a couple of days of action; you want a few days. If it continues to rise that would indicate momentum is starting to move in its favour. RSI index spiked into overbought territory. Would like to see a few more days of action.

COMMENT

Fairfax Financial (FFH-T) holds 20% of this company. Not sure that they could have any influence on keeping this company out of bankruptcy.

SELL

Media space is a very tough one right now. Newspapers are suffering from declining advertising lines and readership. In the TV space a pay-TV provider went out of business today and local stations are closing down. High debt. Sell as a tax loss.

PAST TOP PICK

(A Top Pick July 14/08. Down 83.6%.) Sold at $2 putting him down at 11.1%.

DON'T BUY

(Market Call Minute.) Dead issue, big time.

SELL

(Market Call Minute.) There will undoubtedly be a restructuring but shareholders are unlikely to see any benefit.

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DON'T BUY

He is not active in this sector. This group has not found a bottom yet.

DON'T BUY

At this stage it is basically trading like an option on its survivability. Terrible balance sheet with about $4 billion of debt. Management has not been great.

DON'T BUY

(Market Call Minute.) There is some risk here. Too much debt and revenues continue to be in too much trouble.

DON'T BUY

Laden with debt. Took on debt to buy Financial Post. Slow down in their Australian assets. Advertising is down on newspapers and television. High risk.

DON'T BUY

Automobiles are the biggest ad spenders globally. At spending is going to come down, it puts a lot of pressure on the stock. Also, conventional TV is in a bit of a slump right now.

DON'T BUY

Doesn't know what kind of refinancing will happen. Should have sold some of their assets when they had the chance. They could restructure.

DON'T BUY

Just renegotiated covenants with their lenders, which is good except the lenders cut back on the amount they can borrow. Newspaper industry in North America is in a violent retraction. This sector will continue to be an anchor around their feet regardless of how well their television assets do.

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CanWest Global Comm. (CGS.V) Frequently Asked Questions

What is CanWest Global Comm. stock symbol?

CanWest Global Comm. is a OTC stock, trading under the symbol CGS.V (previously CGS-X on Stockchase) on the (). It is usually referred to as or CGS.V

Is CanWest Global Comm. a buy or a sell?

In the last year, there was no coverage of CanWest Global Comm. published on Stockchase.

Is CanWest Global Comm. a good investment or a top pick?

CanWest Global Comm. was recommended as a Top Pick by Duncan Stewart on 2008-11-18. Read the latest stock experts ratings for CanWest Global Comm..

Why is CanWest Global Comm. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.

Is CanWest Global Comm. worth watching?

In the last year, there was no coverage of CanWest Global Comm. published on Stockchase.

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CanWest Global Comm. (CGS.V)