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.
Unsure on direction of business. Things not looking too good for the business right now. Recently lost streaming contract to Rogers. Management has taken on too much debt, and hasn't managed business very well. Could go bankrupt - would be opportunity for restructuring.