CHUM have a title tos and operates...

CHUM have a title tos and operates a portfolio of radio and television stations, the MuchMusic and satellite radio networks and exhibits and distributes environmental music and television and commercial programs. The company is closely held according to the Allan Waters family which also has a prominent part in company management. At the time the stock was studied in the January/February 1991 issue, its shares were trading at $1775

For the five fiscal years ending August 31 1990 CHUM's receiptss had been growing at approximately 9% while EP grew at 11% Subsequently income growth slowed to an average of about 4% by year. Generally, EPS declined between 1990 and 1995; $120 (1991) $140 (1992) $126 (1993) $066 (1994) and $080 (1995)

CHUM's stock price followed its EP record and traded as high as $26 in 1991 & 1992 As EP declined, share price declined to the $17-$18 on a level in 1995. The company has continued to pay a $017 cash dividend since 1989 ($008 regular plus $009 special). During the last five years the stock has provided shareowners with an unattractive 1% rate of return

Copyright Canadian Shareowner Magazine Inc. Jan/Feb 1996

Provided through ProQuest Information and Learning Company. All rights Reserved