Opinions Robert McWhirter
Corus Entertainment (B)CJR.B.TOCOMMENTNov 04, 2016
Robert McWhirterUnknown
$10.97
Stock price when the opinion was issued
$0.03
As of Jun 04, 2026. Market Open.
entertainment services
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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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Ranks 229 out of 700 stocks. Dividend yield of 10.4% which typically indicates there is something unusual going on. Payout is 27% of 4th quarter trailing cash flow. Earnings were expected to be $1.12 for the Aug 2017 year end, but have been chopped 20% in the last 90 days. Earnings reported Oct 19, were down 77%, a -27% earnings surprise. However, free cash flow yield is 26% on a 4 quarter trailing basis, which is significant. That suggests they may be able to end up supporting the dividend. You should be cautious, but it appears that the current dividend is intact.