No Chorus for Corus
Corus Entertainment Inc. is a media and content company. The Company’s portfolio of encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services. Corus’ roster of premium brands includes Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY, Showcase, National Geographic Channel, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada. [PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'CJR.B.TO'" symbolprices="1440" div_align="right"]
It’s time to turn the page on Corus and realize the loss because the situation is not improving and we believe this may be dead money for a long time. Due to the weak trend in earnings, we are also removing Corus from the list of Purple Chips.
EXITING CORUS AT $12.81 (CJR.B-TO) FULL POSITION
TOTAL RETURN (including dividends): -37.4%
