CJREF - Corus Entertainment: Positive Advertising Revenue Growth Is An Encouraging Sign
Investment Thesis
Corus Entertainment (CJREF) (TSX:CJR.B) released its Q1 F2019 earnings with good top and bottom lines growth. The company’s dynamic ad insertion technology appears to be the main driver behind the growth. In addition, it continues its path to improve its balance sheet toward its target. The company continues to trade at a significant discount to its peers and is poised to expand its valuation multiple if it can show some consistency in advertising growth. However, its linear TV business will likely continue to face challenges from other OTT platforms. Therefore, this