Opinions Kash Pashootan
Corus Entertainment (B)CJR.B.TODON'T BUYAug 15, 2017
$13.95
Stock price when the opinion was issued
$0.03
As of Jun 04, 2026. Market Open.
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DON'T BUY
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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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Premium contentPAST TOP PICK
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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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entertainment services
On “pick and pay”, if you have 3, 4, 5 members in your family, and they’ve all picked and you’ve paid for the channels, you are basically paying as much as you would for a bundle. Thinks it was overblown. Sold his holdings as the first real leg of the recovery for the company has taken place. If you currently own this, you are waiting for the next chapter of recovery. He’ll come back and visit this later. Thinks the dividend should be cut in half, and put the capital to better use.