All rights reserved. One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting...Not to alarm you, but you’re about to miss an important event.Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group.This is your chance to get in early on what could prove to be very special investment advice.Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Corus Entertainment (TSE:CJR) posted its quarterly earnings results on Friday, June, 26th. Investors are better off taking a look at this company. Please read the Returns since inception, October 2013. This represents attractive value for the stock right now. The S&P/TSX Composite Index increased 269 points on July 14. Since it’s already highly focused and levered to television, it makes sense that Corus has been mainly interested in acquiring content.The dividend, though it’s been cut, still has an attractive yield today of nearly 5%.Corus, though it’s still sorting all its problems out, is in much better shape than it was just a couple years ago, yet investors are still giving it the same valuation.It’s understandable that a potential decline in advertising spending could worry investors; however, Corus is already so cheap it would hardly affect it, plus it’s been shown that the advertising dollars just aren’t going way.To long-term investors, Corus seems like a no brainer, and as it continues to reduce its debt each year, the company’s position is only getting stronger.Not to alarm you, but you’re about to miss an important event.Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group.This is your chance to get in early on what could prove to be very special investment advice.Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls.
Why Corus Entertainment stock has struggled Shares of Corus have dropped 36% year over year as of close on June 5. Corus Entertainment Inc. (TSX:CJR.B) stock hit a key buy signal in the past week, which should pique investor interest in the middle of July.
In terms of segments, Radio is clearly struggling amid the pandemic. Corus Entertainment is a Toronto-based media … However, Corus Entertainment announced little in terms of future expectations. This is a positive sign considering a lot of the fear and uncertainty around media stocks was in regard to the uncertainty of the potential loss of advertising dollars.Corus, though, has been strengthening its operations and adding new content to its channels that it hopes will continue to help drive new ad dollars.Television continues to be the bulk of its operations, and its margins are almost 50% better than the radio segments. Why Corus Entertainment stock has struggled Shares of Corus have dropped 36% year over year as of close on June 5. Please read the Returns since inception, October 2013. For example, we sympathize with anyone who was caught holding Corus Entertainment Inc. during the five years that … It just recently set off a buy signal. Did today’s quarterly results provide Before the bell on Friday, June 26, Corus Entertainment released fiscal 2020 third-quarter results which ended May 31:It wasn’t the best quarter, as Corus Entertainment missed on both the top and bottom lines. Television revenue and advertising fell by 21% and 31%, respectively. This puts its shares in technically oversold territory. Revenue decreased by 52% and it recorded a loss of $11.5 million. When the problem starts to become major and it gets prolonged, it can become a big issue for the company that’s dealing with it.If the situation isn’t resolved quickly, the event will stay in investors’ minds, and the company’s name will likely be tainted for the next while.As Warren Buffett has often said, “It takes 20 years to build a reputation and only five minutes to ruin one.” This is true as well for companies in many respects.The trouble is, even if the company does figure out its issues and get back on track, many investors will shun it due to the recent problems that are still resonating with them. Oftentimes, when a stock goes through a period of trouble, and the share price declines dramatically, it will make its way to the news. According to the release “It is too soon to gauge the medium to long-term impacts of the current outbreak, given the many unknowns related to COVID-19.”Outside of this, there is little clarity on the lasting impacts of the pandemic. This compares favourably to the $90.1 million in FCF generated in the third quarter of 2019. News media has thrived during the pandemic.


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