daleo
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Wed Feb-18-09 12:05 PM
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Canwest stock is down to 39 cents today |
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I can't see this going on much longer.
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Spazito
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Wed Feb-18-09 12:57 PM
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1. Wow! I have not been watching the numbers... |
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Do you know why their stock has dropped so low?
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daleo
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Wed Feb-18-09 01:07 PM
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2. They have a huge amount of debt |
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Related to previous acquisitions. I believe this debt is coming due soon, at a fairly high interest rate. Combine that with falling ad revenues due to the recession, and they are in a vicious spiral.
On a deeper level, I think the Aspers took the position that the public would have to buy their product, regardless of how biased it became. I think they miscalculated on that one.
It is interesting that the National Post hasn't made a dime in its history, yet it is still being funded by a nearly bankrupt company.
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Spazito
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Wed Feb-18-09 01:13 PM
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3. Ahhh, that makes sense.... |
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I hope you are right and that the public will increasingly avoid anything put out by Canwest as it is currently structured. The harper cabal and it's accolades will certainly miss having Canwest as their mouthpiece if it disappears.
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DU
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Thu Apr 18th 2024, 04:21 PM
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