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.
It has come down recently mainly because all of the north American broadcasting stocks got pummeled with all the cord cutting. However they did have advertizing revenue growth and also subscriber growth because of the adding of the DIS-N channels. He thinks the stock won’t go anywhere but you collect your dividend. They have to focus on paying down debt and invest wisely so they own more of their content. The Shaw family is hanging on also.