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CJREF - Corus Entertainment: A Recovery May Be A Slow One
Corus Entertainment Inc
Investment Thesis
Corus Entertainment (CJREF) [TSX: "CJR.B"] delivered an unimpressive Q3 F2020 with a significant decline in advertising revenues. This revenue growth may continue to be weak as the recovery of the economy may take longer. Nevertheless, the company is still generating excessive free cash flow. Its shares are currently trading at a significant discount to its historical average and to its peers. Given limited visibility, we think this stock is only suitable for investors willing to take on higher risks.