Stock price when the opinion was issued
Since last summer there has been a recession in advertising for television and this has been a problem for Chorus. There are longer term headwinds since subscribers are moving more to streaming services. Chorus has STACK TV but it is an uphill battle against some of the big companies. It sold its animation studio to help reduce debt load but debt is still pretty high. The stock is too risky.
If he owned this, he would sell it. This is the Torstar of radio. The radio business is in decline, which you can see in their numbers of having 12 to 14 quarters in a row that radio is down. They’re okay for now, but if that trend keeps happening, then the 10% plus dividend will eventually be brought into question.