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Corus CJR.B pretty beaten down this week

2K views 6 replies 7 participants last post by  the_apprentice 
#1 ·
I am currently in at about 24 and it's been a good dividend payer.
It is looking pretty beaten down this week. I am unsure why such a big selloff -- their earnings are, at least, stable. Suppose it's a good time to double-down in the $20.50 area?
 
#5 · (Edited)
Corus has been expensive for the last 3 years. If I owned, I would run like hell if their revenue was declining, but it seems to be hanging on. It is slightly on the expensive side still though; Google Finance has it at a P/E of 12 but I think the P/E is probably closer to 16-18. I think it would be a more compelling buy in the $18-19 range, like I said so long as revenue and margins were holding (tv revenue growing faster than radio declines).
 
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