Corus Entertainment (B)CJR.B.TOSELLNov 02, 2017Stock price when the opinion was issued
As of Jun 04, 2026. Market Open.
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.
Hold it only for the big yield. Radio is declining and is not a great business to be in. It has held up but he would be nervous if he held it. He would prefer to go elsewhere.