CJREF - The Ball Is In Your Court Now Corus
Not many investors were expecting what Corus (CJREF) unveiled as their new strategic direction with Q3 2018 earnings. Trying to find positive points of the conference call today left me grasping for straws. It's starting to feel like Corus's management is slashing and burning the company. The generous monthly dividend has been slashed ~80% (and is now quarterly), management wrote down copious amounts of goodwill and seemed short of ideas on protecting existing shareholders capital. Corus will be needing a new shareholder base quite evidently, but what kind of shareholder will be