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?
It hit a low of $20.08 about mid-day yesterday before recovering. It had a 3Q miss and has been a sidewinder. It may have been primarily caught up in a sour market mood.
That's how I felt too, but I picked some up essentially betting on an eventual acquisition and for collecting the dividends while waiting. I only picked up 60 shares though. Basically for me it's a speculative position.
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).
Traded this stock a few times although agree with what others have mentioned. I wouldn't hold it long-term even though the monthly dividends are great! Would be appealing below $20.
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