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Stocks gain for the week, oil climbsFlat TSX on Turkey DayTSX inches up, Wall Street closedThis summary was created by AI, based on 3 opinions in the last 12 months.
Experts are in agreement that Corus Entertainment is facing significant challenges due to a downturn in advertising revenue for television and the shift of subscribers towards streaming services. The company's high debt load and difficulties in raising equity are also major concerns. Overall, there is a consensus that the stock is too risky and not recommended for investment.
Over-leveraged business that is hard to justify investment in. Ad revenues are down. Would not recommend investing in company. Tough business model. No ability to raise equity. Better options for investors out there. Bankruptcy a concern.
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.
Balance sheet's come down in 3 steps. After the first 2 steps, the stock doubled, but it was short term and you had to be quick. No guarantees it will happen again a third time. Yesterday's dividend cut may cause a quick pop in the stock.
Not a good chart at the moment.
Would hesitate buying.
Better names out there.
It won't rebound. Was one of his worst past picks. He expected strength in women's and children's programming to carry it, but then they bought the Global TV network--a disaster. They slashed their dividend; ads have migrated away from traditional TV.
Ad revenues are challenged in radio and TV. Corus has controlled costs well and people are still watching specialty channels (cord-cutting is greatly exaggerated). The dividend is safe, and the Shaw family (not the company) controls the company, so this is steady. He may look at this in the future.
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
In the last year, 4 stock analysts published opinions about CJR.B-T. 0 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Corus Entertainment (B).
Corus Entertainment (B) was recommended as a Top Pick by on . Read the latest stock experts ratings for Corus Entertainment (B).
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.
4 stock analysts on Stockchase covered Corus Entertainment (B) In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Corus Entertainment (B) (CJR.B-T) stock closed at a price of $0.73.
Currently in "down trend". Look for small increase in share price to indicate reversal of trend. Would recommend waiting to buy once "down trend" has been reversed.