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CJREF - Corus Entertainment: Rudderless Ship That Generates Lots Of Cash
Corus Entertainment Inc
Corus Entertainment (CJREF) represents the largest realized loss I've had investing in the stock market thus far. I wrote 4 previous articles on Corus, back in 2018, finally throwing in the towel on the stock, and hadn't looked back. However, knowing Corus' previous debt profile post the Shaw Media acquisition, I expected Corus' dividend to be suspended in a COVID-19 world. However, the company is maintaining its quarterly dividend. This begged the following questions: is Corus' cash flow intact, did the company get debt under control, and is this an investable business