CanWest Global Comm.

CGS-X

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about CGS-X

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
May 13, 2010
(Market Call Minute.) Have got to be pretty much worthless.
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(Market Call Minute.) Have got to be pretty much worthless.
DON'T BUY
DON'T BUY
December 2, 2009
(Market Call Minute) It’s bankrupt.
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(Market Call Minute) It’s bankrupt.
WATCH
WATCH
September 24, 2009
Massive spike on volume recently. Don't act on just a couple of days of action; you want a few days. If it continues to rise that would indicate momentum is starting to move in its favour. RSI index spiked into overbought territory. Would like to see a few more days of action.
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CanWest Global Comm. (CGS-X)
September 24, 2009
Massive spike on volume recently. Don't act on just a couple of days of action; you want a few days. If it continues to rise that would indicate momentum is starting to move in its favour. RSI index spiked into overbought territory. Would like to see a few more days of action.
COMMENT
COMMENT
July 28, 2009
Fairfax Financial (FFH-T) holds 20% of this company. Not sure that they could have any influence on keeping this company out of bankruptcy.
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Fairfax Financial (FFH-T) holds 20% of this company. Not sure that they could have any influence on keeping this company out of bankruptcy.
SELL
SELL
June 18, 2009
Media space is a very tough one right now. Newspapers are suffering from declining advertising lines and readership. In the TV space a pay-TV provider went out of business today and local stations are closing down. High debt. Sell as a tax loss.
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Media space is a very tough one right now. Newspapers are suffering from declining advertising lines and readership. In the TV space a pay-TV provider went out of business today and local stations are closing down. High debt. Sell as a tax loss.
PAST TOP PICK
PAST TOP PICK
June 11, 2009
(A Top Pick July 14/08. Down 83.6%.) Sold at $2 putting him down at 11.1%.
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(A Top Pick July 14/08. Down 83.6%.) Sold at $2 putting him down at 11.1%.
DON'T BUY
DON'T BUY
April 2, 2009
(Market Call Minute.) Dead issue, big time.
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(Market Call Minute.) Dead issue, big time.
SELL
SELL
March 23, 2009
(Market Call Minute.) There will undoubtedly be a restructuring but shareholders are unlikely to see any benefit.
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(Market Call Minute.) There will undoubtedly be a restructuring but shareholders are unlikely to see any benefit.
DON'T BUY
DON'T BUY
February 20, 2009
He is not active in this sector. This group has not found a bottom yet.
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He is not active in this sector. This group has not found a bottom yet.
DON'T BUY
DON'T BUY
January 12, 2009
At this stage it is basically trading like an option on its survivability. Terrible balance sheet with about $4 billion of debt. Management has not been great.
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At this stage it is basically trading like an option on its survivability. Terrible balance sheet with about $4 billion of debt. Management has not been great.
DON'T BUY
DON'T BUY
December 30, 2008
(Market Call Minute.) There is some risk here. Too much debt and revenues continue to be in too much trouble.
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(Market Call Minute.) There is some risk here. Too much debt and revenues continue to be in too much trouble.
DON'T BUY
DON'T BUY
December 22, 2008
Laden with debt. Took on debt to buy Financial Post. Slow down in their Australian assets. Advertising is down on newspapers and television. High risk.
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Laden with debt. Took on debt to buy Financial Post. Slow down in their Australian assets. Advertising is down on newspapers and television. High risk.
DON'T BUY
DON'T BUY
December 8, 2008
Automobiles are the biggest ad spenders globally. At spending is going to come down, it puts a lot of pressure on the stock. Also, conventional TV is in a bit of a slump right now.
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Automobiles are the biggest ad spenders globally. At spending is going to come down, it puts a lot of pressure on the stock. Also, conventional TV is in a bit of a slump right now.
DON'T BUY
DON'T BUY
November 21, 2008
Doesn't know what kind of refinancing will happen. Should have sold some of their assets when they had the chance. They could restructure.
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Doesn't know what kind of refinancing will happen. Should have sold some of their assets when they had the chance. They could restructure.
DON'T BUY
DON'T BUY
November 18, 2008
Just renegotiated covenants with their lenders, which is good except the lenders cut back on the amount they can borrow. Newspaper industry in North America is in a violent retraction. This sector will continue to be an anchor around their feet regardless of how well their television assets do.
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Just renegotiated covenants with their lenders, which is good except the lenders cut back on the amount they can borrow. Newspaper industry in North America is in a violent retraction. This sector will continue to be an anchor around their feet regardless of how well their television assets do.
DON'T BUY
DON'T BUY
November 7, 2008
In the short term, there is a huge compression of advertising revenue. There is real risk on the ad base. Their specialty TV channels are doing well. This is a risky, speculative stock.
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In the short term, there is a huge compression of advertising revenue. There is real risk on the ad base. Their specialty TV channels are doing well. This is a risky, speculative stock.
DON'T BUY
DON'T BUY
October 17, 2008
Have a lot of debt, which is an issue. Very risky stock.
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Have a lot of debt, which is an issue. Very risky stock.
DON'T BUY
DON'T BUY
August 5, 2008
This is an incredibly tough sector right now. Balance sheet is a bit of an issue.
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This is an incredibly tough sector right now. Balance sheet is a bit of an issue.
DON'T BUY
DON'T BUY
July 22, 2008
Feels this is more of a value trap right now. Looks cheap when looking at operating metrics but you have to step back and look at the economy. Big drivers of this company are the newspaper and TV station and their big drivers of revenue are housing, consumer and auto.
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Feels this is more of a value trap right now. Looks cheap when looking at operating metrics but you have to step back and look at the economy. Big drivers of this company are the newspaper and TV station and their big drivers of revenue are housing, consumer and auto.
TOP PICK
TOP PICK
July 14, 2008
Have messed up so many things in the past year. At current levels, the stock is reflecting near bankruptcy. However, they have an operating cash flow of almost $700 million. It is worth more dead than alive if you broke it up. At this level you should be able to make money on it.
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Have messed up so many things in the past year. At current levels, the stock is reflecting near bankruptcy. However, they have an operating cash flow of almost $700 million. It is worth more dead than alive if you broke it up. At this level you should be able to make money on it.
BUY
BUY
May 30, 2008
Lot of deep value investors have been putting in large positions. The evaluation is extremely cheap. Looks like it’s coming close to a bottom. Good support in terms of smart money.
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Lot of deep value investors have been putting in large positions. The evaluation is extremely cheap. Looks like it’s coming close to a bottom. Good support in terms of smart money.
COMMENT
COMMENT
May 29, 2008
The real fear in a lot of the media companies right now is, are the advertising dollars going to slow down. If your outlook is long-term, it could be an all right investment at this point.
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The real fear in a lot of the media companies right now is, are the advertising dollars going to slow down. If your outlook is long-term, it could be an all right investment at this point.
SELL
SELL
May 22, 2008
Media are having a difficult time, this one finding it rougher than others. This is not the right place for right now. Not going to turn around in the short run.
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Media are having a difficult time, this one finding it rougher than others. This is not the right place for right now. Not going to turn around in the short run.
DON'T BUY
DON'T BUY
May 8, 2008
(Market Call Minute.) A model price of $3.76. A -8% differential.
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(Market Call Minute.) A model price of $3.76. A -8% differential.
BUY
BUY
January 2, 2008
Alliance Atlantis deal was approved by the CRTC and was a very big win for them. This will allow them to get the specialty cable television channel. Also have the Australian, New Zealand and Irish TV all fits of which they are selling off.
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Alliance Atlantis deal was approved by the CRTC and was a very big win for them. This will allow them to get the specialty cable television channel. Also have the Australian, New Zealand and Irish TV all fits of which they are selling off.
TOP PICK
TOP PICK
December 5, 2007
Sentiment is so negative right now that when you add up the value of the Australian assets and the newspapers it covers the current stock price and the debt. You’re getting the television operation and the Alliance-Atlantis purchase almost for free. There could be a few strings attached to the current acquisition. Thinks the market has oversold.
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Sentiment is so negative right now that when you add up the value of the Australian assets and the newspapers it covers the current stock price and the debt. You’re getting the television operation and the Alliance-Atlantis purchase almost for free. There could be a few strings attached to the current acquisition. Thinks the market has oversold.
DON'T BUY
DON'T BUY
October 5, 2007
Market has been waiting for the promise of this company to come through and it really hasn't come through so there was a big selloff. Still trading at his Fair Market Value so he cannot see any upside at the present.
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Market has been waiting for the promise of this company to come through and it really hasn't come through so there was a big selloff. Still trading at his Fair Market Value so he cannot see any upside at the present.
DON'T BUY
DON'T BUY
August 9, 2007
Media group has been very out of favour. This one does not look attractive and has been backing off since February. Would be looking for companies that have been able to buck the trend.
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Media group has been very out of favour. This one does not look attractive and has been backing off since February. Would be looking for companies that have been able to buck the trend.
DON'T BUY
DON'T BUY
July 17, 2007
Of all the media stocks, it’s the one that ne would be the most dubious about. None of their assets are doing fabulously well.
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Of all the media stocks, it’s the one that ne would be the most dubious about. None of their assets are doing fabulously well.
DON'T BUY
DON'T BUY
June 7, 2007
None voting shares are never a deal breaker, but there is an additional risk that should be compensated for. Thinks that canwest management is being clever, but he's not buying.
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None voting shares are never a deal breaker, but there is an additional risk that should be compensated for. Thinks that canwest management is being clever, but he's not buying.
DON'T BUY
DON'T BUY
April 30, 2007
Not a strong acquisition target. Likes the business, but recently stepped out. On their transition to Cognos8, it didn't go as quickly as they had hoped and the stock dropped which is when he bought. Pretty much at full value now. Would be interested in the mid-$30's.
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Not a strong acquisition target. Likes the business, but recently stepped out. On their transition to Cognos8, it didn't go as quickly as they had hoped and the stock dropped which is when he bought. Pretty much at full value now. Would be interested in the mid-$30's.
TOP PICK
TOP PICK
April 25, 2007
Acquired Alliance Atlantis and there are some execution risks. Sum of the pieces is more valuable than where the stock is. Big leverage is the Canadian broadcasting operations. Expect it will sell off some Australian assets.
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Acquired Alliance Atlantis and there are some execution risks. Sum of the pieces is more valuable than where the stock is. Big leverage is the Canadian broadcasting operations. Expect it will sell off some Australian assets.
TOP PICK
TOP PICK
January 22, 2007
Acquiring Alliance Atlantis (AAC.A-T), which was a nice deal to get them out of a troubled situation. They needed specialty assets. Balance sheet is still stretched.
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Acquiring Alliance Atlantis (AAC.A-T), which was a nice deal to get them out of a troubled situation. They needed specialty assets. Balance sheet is still stretched.
DON'T BUY
DON'T BUY
August 17, 2006
The issue in the TV business is that ad rates are being threatened by Google. There is consolidation going on in the industry that is making things very competitive and therefore very difficult to squeeze out growing earnings.
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The issue in the TV business is that ad rates are being threatened by Google. There is consolidation going on in the industry that is making things very competitive and therefore very difficult to squeeze out growing earnings.
PAST TOP PICK
PAST TOP PICK
March 28, 2006
(A Top Pick Nov 9/05. No change.) When he picked these stocks, he was trying to play the Christmas bounce. All 3 failed to materialise. His suspicion is that the base has a lot longer to build. Got out at $11.
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(A Top Pick Nov 9/05. No change.) When he picked these stocks, he was trying to play the Christmas bounce. All 3 failed to materialise. His suspicion is that the base has a lot longer to build. Got out at $11.
TOP PICK
TOP PICK
November 9, 2005
All his picks are for a seasonal Santa Claus rally trade. If they move 20%, say thank you and get the heck out. Normally he wouldn't even touch this thing, but it only collapsed on the income trust issue. This is a real speculative play.
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All his picks are for a seasonal Santa Claus rally trade. If they move 20%, say thank you and get the heck out. Normally he wouldn't even touch this thing, but it only collapsed on the income trust issue. This is a real speculative play.
WAIT
WAIT
September 30, 2005
Attempting to IPO its newspaper business, ex the National Post, into a trust. The decline in newspaper advertising is a concern.
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CanWest Global Comm. (CGS-X)
September 30, 2005
Attempting to IPO its newspaper business, ex the National Post, into a trust. The decline in newspaper advertising is a concern.
DON'T BUY
DON'T BUY
September 9, 2005
Intends to convert to a trust without the National Post. The newspaper business tends to be fairly cyclical. National and local advertising can be quite volatile depending on the direction the economy is heading in. This will require a lot of due diligence to understand how much leverage there will be in the trust and how cyclical it will be.
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Intends to convert to a trust without the National Post. The newspaper business tends to be fairly cyclical. National and local advertising can be quite volatile depending on the direction the economy is heading in. This will require a lot of due diligence to understand how much leverage there will be in the trust and how cyclical it will be.
HOLD
HOLD
September 8, 2005
Going to spin off 28% of their newspapers with the exception of the National Post and this will be enough to retire their 10.75% debentures. Not a bad thing for shareholders. Not a fan of the newspaper business. Would not hold it longer than 3 or 4 months after the conversion.
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Going to spin off 28% of their newspapers with the exception of the National Post and this will be enough to retire their 10.75% debentures. Not a bad thing for shareholders. Not a fan of the newspaper business. Would not hold it longer than 3 or 4 months after the conversion.
DON'T BUY
DON'T BUY
July 14, 2005
Still considering converting to an income trust which would give it 15/20% upside. They've been getting killed by CTV.
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Still considering converting to an income trust which would give it 15/20% upside. They've been getting killed by CTV.
BUY
BUY
June 22, 2005
Still a cheap stock. Feels there are still some catalysts that it will go through. Feels they will find value through trusting of operations. There is a feeling that the Australian/New Zealand operations are not growing as had been hoped, so the company might have to go through a period were it's quiet.
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Still a cheap stock. Feels there are still some catalysts that it will go through. Feels they will find value through trusting of operations. There is a feeling that the Australian/New Zealand operations are not growing as had been hoped, so the company might have to go through a period were it's quiet.