Opinions Stephen Takacsy, B. Eng, MBA
Corus Entertainment (B)CJR.B.TOCOMMENTJun 29, 2016
$12.92
Stock price when the opinion was issued
$0.03
As of Jun 04, 2026. Market Open.
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DON'T BUY
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.
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Stockchase Research Editor: Michael O'Reilly CJR is trading at good value at 6x earnings compared to peers at 18x and is trading just 1.2x book value. It has a good dividend, backed by a payout ratio estimated at 27% of cash flow. We would buy this with a stop loss at $4.50, looking to achieve $7.85 -- upside potential over 31%. Yield 4.06% (Analysts’ price target is $7.84)
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PARTIAL BUY
Allan Tong’s Discover Picks The stock is climbing out of a long slump and offers upside of 23%, based on a price target of $7.71 by six analysts. Corus has cut costs and the Shaw family owns the company, so there is stability in the upper office. Meanwhile, shareowners can collect the 3.83% dividend yield. However, the fundamentals remained challenged with negative earnings, a -41% profit margin and -46% ROE. There’s still a ways to go with this story. There’s upside, but maybe not to $7.71. Consider this a partial buy. Read 3 Promising Stock Upgrades: SNAP, Uber, Corus for our full analysis.
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One of his largest positions. Loaded up the truck at $9. Still very, very cheap, and it is a cash cow. A traditional broadcaster that is facing some secular challenges, but with the acquisition of Shaw Media it is now really the only game in town for women’s, children’s and family advertising on TV, which still has the biggest viewership. Thinks they will squeeze a lot of costs out from the merger, more than anticipated. Expects they will renegotiate advertiser rates this fall, so you will be able to see them start to grow again. Also, doing great things with Nelvana on the content creation side. Generates a lot of cash, so the dividend is safe.