Corus Entertainment (B)

CJR.B-T

TSE:CJR.B

2.92
0.25 (7.89%)
Corus Entertainment is a Canadian media and broadcasting company. Formed in 1999 as a spin-off from Shaw Communications, it is headquartered at Corus Quay in Toronto, Ontario, and has prominent holdings ...
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Analysis and Opinions about CJR.B-T

Signal
Opinion
Expert
HOLD
HOLD
July 14, 2020
Safe dividend? It's down 20-30% recently, but has a stable revenue base from their TV content. There's question over ad revenue declining in traditional media and whether it will return. Has decent free cash flow, but if they reduce their debt load, Corus will likely do quite well. Don't sell it now.
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Safe dividend? It's down 20-30% recently, but has a stable revenue base from their TV content. There's question over ad revenue declining in traditional media and whether it will return. Has decent free cash flow, but if they reduce their debt load, Corus will likely do quite well. Don't sell it now.
TOP PICK
TOP PICK
June 4, 2020
TV, radio and some content. They took on too much debt a few years ago. It has been a deleveraging story. Shaw exited their stake and put a lot of shares into the market, yet one of their management has remained an inside buyer. They are reducing debt and put their dividend on hold for June. It is cheap on pretty much every metric they look at. (Analysts’ price target is $4.87)
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TV, radio and some content. They took on too much debt a few years ago. It has been a deleveraging story. Shaw exited their stake and put a lot of shares into the market, yet one of their management has remained an inside buyer. They are reducing debt and put their dividend on hold for June. It is cheap on pretty much every metric they look at. (Analysts’ price target is $4.87)
COMMENT
COMMENT
November 13, 2019
They're turning the corner. They didn't make a fresh low recently, so a good sign. Value investors will return to this after tax-loss selling.
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They're turning the corner. They didn't make a fresh low recently, so a good sign. Value investors will return to this after tax-loss selling.
PAST TOP PICK
PAST TOP PICK
November 12, 2019
(A Top Pick Apr 15/19, Down 24%) Sold it. He was convinced print media would come back and it didn't. It was a mistake.
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(A Top Pick Apr 15/19, Down 24%) Sold it. He was convinced print media would come back and it didn't. It was a mistake.
TOP PICK
TOP PICK
October 8, 2019
Advertisers are roaring back after they realize that they still need TV exposure. Corus sold off hard after Shaw sold its stake, but that was down to CRTC rules. Corus trades at a cheap 20% free cash flow yield. He expects good numbers from Friday's earnings report. (Analysts’ price target is $8.32)
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Advertisers are roaring back after they realize that they still need TV exposure. Corus sold off hard after Shaw sold its stake, but that was down to CRTC rules. Corus trades at a cheap 20% free cash flow yield. He expects good numbers from Friday's earnings report. (Analysts’ price target is $8.32)
DON'T BUY
DON'T BUY
July 15, 2019

Dividend is nearly 10% (actually around 45), which is a warning sign. He watches a lot less TV and doesn't listen to traditional radio, which are Corus' businesses. He's skeptical of this business.

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Dividend is nearly 10% (actually around 45), which is a warning sign. He watches a lot less TV and doesn't listen to traditional radio, which are Corus' businesses. He's skeptical of this business.

BUY WEAKNESS
BUY WEAKNESS
July 12, 2019
He looked very hard at it when Shaw sold the block at $6.80. He expected a clean-up trade with Shaw at $6.25, but he still passed. Under $6 has a lot of value. Their radio business was declining and now very small. So, you're buying a TV business with some growth at 5.5x EV to EBITDA vs. comparables at 7-8x. This is at least a trade to the $6.80 level. TV growth is positive but only 3-4%.
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He looked very hard at it when Shaw sold the block at $6.80. He expected a clean-up trade with Shaw at $6.25, but he still passed. Under $6 has a lot of value. Their radio business was declining and now very small. So, you're buying a TV business with some growth at 5.5x EV to EBITDA vs. comparables at 7-8x. This is at least a trade to the $6.80 level. TV growth is positive but only 3-4%.
BUY
BUY
July 5, 2019
Has exceeded its 50-day average. Good for an RRSP? Short-term it just had a breakout to $8 and it wants to go higher to $9.75 as its next resistance. It's had a reverse head-and-shoulders since early-2018. If it hits $10, it could chug higher. Good support at $8.
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Has exceeded its 50-day average. Good for an RRSP? Short-term it just had a breakout to $8 and it wants to go higher to $9.75 as its next resistance. It's had a reverse head-and-shoulders since early-2018. If it hits $10, it could chug higher. Good support at $8.
TOP PICK
TOP PICK
June 13, 2019
This is an excellent entry point. There was a spinoff of some of the Shaw-held stocks and the market could not take it all in. The stock fell, so now it is an excellent opportunity for investors to get in. They have come out with a number of strong quarters. 23% free cash flow yield and they are paying down their debt. This is immune to tariffs and trade wars. (Analysts’ price target is $8.13)
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This is an excellent entry point. There was a spinoff of some of the Shaw-held stocks and the market could not take it all in. The stock fell, so now it is an excellent opportunity for investors to get in. They have come out with a number of strong quarters. 23% free cash flow yield and they are paying down their debt. This is immune to tariffs and trade wars. (Analysts’ price target is $8.13)
BUY WEAKNESS
BUY WEAKNESS
May 28, 2019
They have spent five hours of time on this company. Shaw sold 40%. They kept away. There is no short term catalyst from here. The stock is going to churn from here. It is cheap at 5 times EBITDA. It is less radio and more TV than it used to be. He is tempted below $6.
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They have spent five hours of time on this company. Shaw sold 40%. They kept away. There is no short term catalyst from here. The stock is going to churn from here. It is cheap at 5 times EBITDA. It is less radio and more TV than it used to be. He is tempted below $6.
TOP PICK
TOP PICK
April 15, 2019
Some ads are swinging back to TV, defying prevailing wisdom. TV keeps getting reinvented. (Analysts’ price target is $8.02)
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Some ads are swinging back to TV, defying prevailing wisdom. TV keeps getting reinvented. (Analysts’ price target is $8.02)
DON'T BUY
DON'T BUY
April 11, 2019
The environment for media assets has been difficult for a quarter or so. CJR.B-T still has a lot of debt and he thinks they will have a tough time servicing their debt going forward.
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The environment for media assets has been difficult for a quarter or so. CJR.B-T still has a lot of debt and he thinks they will have a tough time servicing their debt going forward.
DON'T BUY
DON'T BUY
March 27, 2019
A painful memory. A disastrous pick. It cut its dividend. It failed to succeed producing content for children. This'll be dead money for a while.
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A painful memory. A disastrous pick. It cut its dividend. It failed to succeed producing content for children. This'll be dead money for a while.
DON'T BUY
DON'T BUY
February 15, 2019
Their payout ratio is 51% of cash flow -- well below his limit of 75% -- so he thinks it is relatively safe. Recent results were for earnings dropping 13% and a 28% drop for 2019. There will be better opportunities out there. Yield 4.2%.
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Their payout ratio is 51% of cash flow -- well below his limit of 75% -- so he thinks it is relatively safe. Recent results were for earnings dropping 13% and a 28% drop for 2019. There will be better opportunities out there. Yield 4.2%.
DON'T BUY
DON'T BUY
December 18, 2018
They cut their dividend with a 25-30% payout ratio, which is good. But their topline revenue is declining. It's a shrinking business with lots of competition.
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They cut their dividend with a 25-30% payout ratio, which is good. But their topline revenue is declining. It's a shrinking business with lots of competition.
Showing 1 to 15 of 183 entries

Corus Entertainment (B)(CJR.B-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Corus Entertainment (B) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Corus Entertainment (B)(CJR.B-T) Frequently Asked Questions

What is Corus Entertainment (B) stock symbol?

Corus Entertainment (B) is a Canadian stock, trading under the symbol CJR.B-T on the Toronto Stock Exchange (CJR-B-CT). It is usually referred to as TSX:CJR.B or CJR.B-T

Is Corus Entertainment (B) a buy or a sell?

In the last year, 2 stock analysts published opinions about CJR.B-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for Corus Entertainment (B).

Is Corus Entertainment (B) a good investment or a top pick?

Corus Entertainment (B) was recommended as a Top Pick by Jamie Murray on 2020-07-14. Read the latest stock experts ratings for Corus Entertainment (B).

Why is Corus Entertainment (B) stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Corus Entertainment (B) worth watching?

2 stock analysts on Stockchase covered Corus Entertainment (B) In the last year. It is a trending stock that is worth watching.

What is Corus Entertainment (B) stock price?

On 2020-09-18, Corus Entertainment (B) (CJR.B-T) stock closed at a price of $2.92.