I can't see Corus going to zero. The CRTC will not allow it. They won't let a Canadian content creator like Corus go bankrupt while Netflix flourishes in Canada. There will be consolidation in the industry before that ever happens (or putting a tax on Netflix subscribers to help subsidize Canadian content creators like what they're doing in Quebec). So then the question goes back to Corus' intrinsic worth.
But I still think there is no reason to jump into this name right away.
|