21:46:55 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Corus Entertainment Inc
Symbol CJR
Shares Issued 196,068,632
Close 2023-05-05 C$ 1.32
Market Cap C$ 258,810,594
Recent Sedar Documents

Inv Reporter says hold Corus

2023-05-05 21:01 ET - In the News

The Investment Reporter, in its April 28, 2023, issue, says hold Corus Entertainment Inc., recently $1.42. The Reporter said buy 15 times from Jan. 4, 2008, to Jan. 28, 2022, at prices ranging from $2.78 to $48.53 (the stock split 2 for 1 on Jan. 30, 2008). Assuming an investment of $1,000 for each of the 15 buys, the $15,000 position would now be worth just $2,162. Corus is a Canadian mass media and broadcasting company formed in 1999 as a spinoff from Shaw Communications Inc., which has now sold its remaining spun-off stake. For the six months ended Feb. 28, 2023, Corus had adjusted earnings of $19.6-million, or 10 cents a share, compared with adjusted earnings of $93.9-million, or 45 cents a share, in the same period a year earlier. The decrease was caused by television advertising revenue declines combined with an increase in amortization of program rights in the most recent period. Over the medium term, after the expected recession or slowdown is past, the advertising industry will likely have improved. The Reporter does not suggest buying more Corus shares until signs of a turnaround become more concrete. The Reporter says hold Corus.

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