Best Bank Bonuses Without Direct Deposit – June 2019

Best Bank Bonuses Check out our complete list of the best bank bonuses available now without a direct deposit requirement.

Are you looking for a new checking, savings or business bank account? Check out these bank promotions with no direct deposit needed.

Be sure to check back often to see our updated list of bonus offers and read the details for the eligibility requirements. If you are interested, be sure to check out this promotion as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD BankBBVA Compass Bank or CIT Bank.

Setting up for direct deposit can be time consuming and such a hassle. Some banks require you to do that and change where your paycheck is deposited in order to receive their sign up bonuses. However, there are some banks that will let you earn the bank bonuses without direct deposit requirement. Instead, they will require you to enroll in eStatements, online banking, or make a certain number of purchases each month to qualify for the bonuses.

Nowadays, these are the typical transactions we perform on a daily basis so this should not be too hard to achieve. We have created a list of best checking and savings bank bonuses without direct deposit along with a brief summary on the steps on how to earn the bonus so you can view at ease and help you score some cash with less work on your end.

With banks ranging from Chase, Wells Fargo, Discover to local credit unions, there is definitely a financial institution for you to trust. Go head and read on and make sure to bookmark this page as we will update our list monthly and keep you updated!

Best Bank Bonuses Without Direct Deposit


Discover Savings Bonus

Discover Bank Online Savings
Open a Discover Online Savings Account for all these features:
• Bonus offer applies for your first Discover Online Savings Account
• Earn $200/$150 Bonus with promo code HMB619 by July 1, 2019
• Fund your first savings account with a minimum of $25K by July 15, 2019 to earn the $200 Bonus
• Fund your first savings account with a minimum of $15K by July 15, 2019 to earn the $150 Bonus
• Earn high interest rate of 2.10% APY
• No minimum opening deposit, no minimum balance requirement, and no monthly fees
• Interest on Discover Online Savings Accounts is compounded daily and credited monthly
• Manage your account online or with the Discover mobile app
• FDIC insurance up to $250,000

See advertiser website for full details

Full Review


Chase Savings Bonus

Chase Promotions
• Enjoy a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days
• Access to 16,000 Chase ATMs and nearly 5,000 branches
• Link this account to your Chase checking account for Overdraft Protection.
• Chase QuickPay® with Zelle® – Take the drama out of splitting a check.
• Real-time fraud monitoring – We watch your debit-card to help your money stay your money.
• Apply online in minutes. Open your account online now.
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.

Full Review


Huntington Asterisk-Free Checking

Huntington Asterisk Free Checking
Open your Asterisk-Free Checking® account today and enjoy:
$150 bonus by making total deposits of at least $1,000 within 60 days of account opening.
• Free to open and free to maintain with no monthly maintenance fees
• 24-Hour Grace Overdraft Relief
• All Day DepositSM
• Enjoy mobile & online banking

Full Review


Huntington 5 Checking

Huntington 5 Checking
Open your Huntington 5 Checking account today and enjoy:
$200 bonus by making total deposits of at least $1,000 within 60 days of account opening. $200 will be deposited in your Huntington 5 Checking account after all requirements are met and your account is open for 90 days.
• Earn interest on all balance tiers
• 24-Hour Grace Overdraft Relief
• Five Non-Huntington ATM withdrawal fees waived per statement
• No minimum deposit needed to open
• Enjoy mobile & online banking
• 10% credit card rewards bonus

Full Review


Chase Business Checking Bonus 

Chase Total Business Checking Account
• Get $200 as a new Chase business checking client, when you open a Chase Total Business Checking® account with qualifying activities
• Access to 16,000 ATMs and nearly 5,000 Chase branches
• Chase has business specialists at your local branch to help with your business needs
• Account Alerts are a great way to stay on top of your account’s activity and enhance security
• Unlimited electronic deposits at no charge, including Chase QuickDepositSM, ACH and ATM

Full Review


Huntington Bank $750 Accelerated Business Checking Bonus

Huntington Bank Unlimited Plus Business Checking
• Open a Huntington Unlimited Plus Business Checking Account
• Earn $500 bonus when you open a Huntington Unlimited Plus Business Checking account and make total deposits of at least $20,000 within 60 days of account opening.
• The $500 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
• Enjoy overdraft protection with no annual fee or deposit-to-deposit overdraft protection with no transfer fee!
• Bonus Service. Choose one bonus service such as fraud tools, discounts on payroll services, or Huntington Deposit Scan®
• Ideal for businesses with higher checking activity and greater cash flow needs.

Full Review $750 Accelerated Business Checking


Huntington Bank $400 Fast Track Business Checking Bonus


• Open a Huntington Unlimited Business Checking Account
• Earn $400 bonus when you open a Huntington Unlimited Business Checking account and make total deposits of at least $5,000 within 60 days of account opening.
• The $400 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
• Get Overdraft Protection Account with no annual fee, or Deposit-to-Deposit Overdraft Protection with no transfer fee.
• Enjoy unlimited transactions. And up to $10,000 in cash or currency deposits monthly in-branch or at an ATM at no charge.
• Designed for businesses with higher checking activity and greater cash flow needs.
• Bonus service. Choose one bonus service such as fraud tools, discounts on payroll services, or Huntington Deposit Scan®.

Full Review $400 Fast Track Business Checking


Huntington Bank $200 Community Business Checking Bonus

Huntington Business Checking 100
• Open your Huntington Business Checking 100 Account today!
• Earn $200 bonus when you open a Huntington Business 100 Checking account and make total deposits of at least $2,000 within 60 days of account opening.
• The $200 bonus will be deposited into your account after all requirements are met and your account is open for 90 days.
• Overdraft Protection Line of Credit available, or Deposit-to-Deposit Overdraft Protection with no transfer fee.
• Do business without a minimum checking account balance fee or maintenance fee.
• No monthly maintenance fee applies to this account.
• Enjoy up to 100 monthly transactions. And deposit up to $5,000 in cash or currency monthly in-branch or at an ATM at no charge.
• Ideal for start-ups and small businesses with lower balances and checking activity.
• Bonus Service Trial. Free 120-day trial of a fraud tool: Reverse Positive Pay.

Full Review $200 Community Business Checking


CitiBank $500 Bonus

Click “Open Account” below to learn more.

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Full Review


BMO Harris Bank $500/$200 Checking Bonus

  • Direct link
  • Expiration Date: 10/31/2019
  • Availability: AZ, FL, IL, IN, KS, MO, MN & WI (Branch Locator)
  • Soft pull
  • No direct deposit required
  • Earn $500 by making an opening deposit of $5,000, maintaining that balance for at least 90 days, and by making at least 10 electronic transactions post to the account within 90 days.
  • Earn $200 by making an opening deposit of $1,500, maintaining that balance for at least 90 days, and by making at least 10 electronic transactions post to the account within 90 days.
  • Full Review

Cincinnati Federal $300 Checking Bonus  

  • Direct link
  • Expiration Date: None
  • Availability: OH (Bank Locator)
  • Soft pull
  • No direct deposit required
  • Enroll and sign up for eStatements
  • Have an average balance of $200 and post 10 debit card transactions every month
  • No credit card funding
  • Full Review

First Tennessee Bank $300 Business Checking Bonus  

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: FL, MS, NC, SC, TN, TX, VA (Branch Locator)
  • Soft pull
  • Up To $300 credit card funding
  • No direct deposit required
  • Earn $300 bonus by completing 5 qualifying payment transactions within the first 30 days of account opening.
  • Full Review

PNC Bank $300 Business Checking Preferred

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: Nationwide (Branch Locator)
  • Soft pull
  • Up to $2,000 with Visa or Mastercard, unsure if valid for business accounts.
  • Earn $300 by opening a new checking and savings account
  • Full Review

The FirstBank $300 Checking Bonus  

  • Direct link
  • Expiration Date: 06/26/2019
  • Availability: AZ, CA, CO (Branch Locator)
  • Optional direct deposit required
  • Earn a $300 bonus when you open an Anywhere Checking account and conduct $500 in net Visa Debit Card purchases
  • Full Review

Associated Bank $275 Checking & Money Market Bonus 

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: IL, MN, & WI (Branch Locator)
  • Open a Badgers checking account with a minimum opening deposit of $100 and make three online bill payments OR add a direct deposit of $300 within 45 days of account opening.
  • Open an Associated Advantage Money Market account with a minimum opening deposit and maintain a minimum balance of $10,000 for 90 days
  • Full Review

Associated Bank $275 Checking & Money Market Bonus

  • Direct link
  • Expiration Date: 12/31/2019
  • Availability: IL, MN, & WI (Branch Locator)
  • Open a checking account with a minimum opening deposit of $100 and make three online bill payments OR add a direct deposit of $300 within 45 days of account opening.
  • Open an Associated Advantage Money Market account with a minimum opening deposit and maintain a minimum balance of $10,000 for 90 days
  • Full Review

Associated Bank $250 Checking & Money Market Bonus 


IC Federal Credit Union $250 Checking Bonus 


CitiBank $200 Checking Bonus

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: Nationwide (Bank Locator)
  • Open a Basic Banking Package with a $5,000 minimum deposit
  • Maintain an average daily balance of $5,000 for 60 days
  • Full Review

Fifth Third Bank $250 Checking Bonus

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: FL, GA, IL, IN, KY, MI, NC, OH, TN, WV (Branch Locator)
  • Soft Pull
  • No direct deposit requirement
  • Have deposit(s) totaling at least $500 made to the account within 45 days of account opening and maintain the $500 balance for 60 days
  • Full Review

Flushing Bank $200 Business Checking Bonus

  • Direct link
  • Expiration Date: None
  • Availability: NJ, NY (Branch Locator)
  • Soft pull
  • Must deposit a minimum of $100 to open a business checking account
  • Complete 5 debit card purchases and 5 online banking bill-payments via Flushing Bank’s Online Banking portal
  • Full Review

PNC Bank $200 Business Checking Preferred

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: Nationwide (Branch Locator)
  • Soft pull
  • Up to $2,000 with Visa or Mastercard, unsure if valid for business accounts.
  • Earn $200 by opening a Business Preferred Checking account, maintaining a minimum average cycle balance of $5,000 for the first 3 statement cycles, and completing at least 10 total debit card transactions within the first 3 statement cycles
  • Full Review

PNC Bank $200 Business Checking Plus

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: Nationwide (Branch Locator)
  • Soft pull
  • Up to $2,000 with Visa or Mastercard, unsure if valid for business accounts.
  • Earn $200 by opening a Business Plus Checking account, maintaining a minimum average cycle balance of $5,000 for the first 3 statement cycles, and completing at least 10 total debit card transactions within the first 3 statement cycles
  • Full Review

Associated Bank $175 Checking Bonus

  • Direct link
  • Expiration Date: 03/31/2020
  • Availability: IL, MN, WI (Branch Locator)
  • Optional direct deposit required
  • Earn $175 by opening a Packers Checking account with a minimum opening deposit of $100.
  • Full Review

Associated Bank $175 Checking Bonus

  • Direct link *Brewers Checking*
  • Expiration Date: 12/31/2019
  • Direct link Wild Checking
  • Expiration Date: 06/30/2019
  • Availability: IL, MN, WI (Branch Locator)
  • Soft Pull
  • Optional direct deposit requirement
  • Earn the bonus by making making three online bill payments within 45 days of account opening
  • Fund up to $200 with a credit card
  • Full Review

Citizens Neighborhood Bank $150 Checking Bonus

  • Learn More
  • Expiration Date: None
  • Availability: PA (Bank Locator)
  • Earn the $150 bonus by making 6 Debit Card transactions within 60 days of account opening.
  • Full Review

CBT Bank $150 Checking Bonus

  • Direct link
  • Expiration Date: None
  • Availability: PA (Bank Locator)
  • Optional Direct Deposit
  • Earn the $150 when you make 6 or more debit card transactions, all within 60 days of account opening.
  • Full Review

Rivermark Credit Union $100 Free Checking Plus Bonus

  • Direct link
  • Expiration Date: None listed
  • Availability: OR (Branch Locator)
  • No direct deposit requirement
  • To earn $100 bonus, you must fund the account with a minimum of $100 and make 12 debit card transactions, all within 60 days of account opening.
  • Full Review

First Tennessee Bank $150 Checking Bonus


Valley National Bank $150 Checking Bonus

  • Direct link
  • Expiration Date: None
  • Availability: NY, NJ, FL (Branch Locator)
  • Soft pull
  • No direct deposit requirement
  • Earn the bonus by within 60 days of account opening, enroll in online or mobile banking, and schedule 3 online bill payments or complete a minimum of 20 debit card transactions of $5 or more.
  • Full Review

NASA Federal Credit Union $125 Checking Bonus

  • Direct link
  • Expiration Date: Limited time
  • Availability: VA, MD, DC (Branch Locator)
  • Optional direct deposit requirement
  • Earn the bonus by having active bill Pay of 3 bill payments per month of at least $10 using the online BillPay+ service along with eStatements
  • Full Review

BrightStar Credit Union $100 Checking Bonus 

  • Direct link
  • Expiration Date: None listed
  • Availability: FL (Branch Locator)
  • Soft Pull
  • Optional direct deposit requirement
  • Earn $100 bonus by completing 4 eligible transactions each 30 day period for 7 months
  • Eligible transactions:  Visa Check Card purchases, Checks clearing, Direct Deposit, Bills paid via Online Bill Pay, In-branch deposits or withdrawals and ATM deposits
  • Full Review

Charter Oak Credit Union $100 Checking Bonus

  • Direct link
  • Expiration Date: None
  • Availability: CT (Branch Locator)
  • Optional direct deposit requirement
  • Earn $100 bonus by having a month-end minimum combined deposit and loan balance of $20,000 or more and have bill pay with a minimum of 4 unique payments posted within the month
  • Full Review

Freedom Federal Credit Union $100 Checking & Business Bonus


Liberty Bank $100 Business Checking Bonus

  • Direct link
  • Expiration Date: 12/31/2019
  • Availability: CT, MA, RI (Branch Locator)
  • Soft Pull
  • No direct deposit requirement
  • Earn $100 by opening a business checking account by December 31, 2019. Bonus will be awarded within 30 to 45 days after account opening.
  • Full Review

PNC Bank $100 Business Checking

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: NC, SC, NJ, WI, MI, IN, DC, MO, IL, PA, DE, OH & KY (Branch Locator)
  • Soft pull
  • Up to $2,000 with Visa or Mastercard, unsure if valid for business accounts.
  • Earn $100 by opening a Business Checking account, maintaining a minimum average cycle balance of $1,500 for the first 3 statement cycles, and completing at least 10 total debit card transactions within the first 3 statement cycles
  • Full Review

Preferred Credit Union $100 Checking Bonus

  • Direct link
  • Expiration Date: None
  • Availability: MI (Branch Locator)
  • No direct deposit requirement
  • Make (10) debit card transactions in the first 90 days upon account opening.
  • Full Review

Stanford Federal Credit Union $100 Checking Bonus

  • Direct link
  • Expiration Date: None
  • Availability: CA (Branch Locator)
  • Soft Pull
  • No direct deposit requirement
  • Earn $100 by opening a basic checking account within six months of graduation
  • Full Review

Westfield Bank logoWestfield Bank $100 Checking Bonus

  • Direct link 
  • Expiration Date: None
  • Availability: CT, MA (Bank Locator)
  • No direct deposit requirement
  • Earn $100 bonus by opening a WB Free checking account and order a debit card, enroll in online banking to receive $50, then enroll in e-statements to receive another $50.
  • Full Review

Wings Financial Credit Union $100 Checking Bonus

  • Direct link 
  • Expiration Date: None listed
  • Availability: Chaska Community Center – 1661 Park Ridge Drive, MN (Branch Locator)
  • No direct deposit requirement
  • Earn $100 bonus by opening a checking account and as a member completed their SOAR Young Adult Program with a minimum test score of 70%
  • Full Review

Associated Bank $100 Money Market Bonus

  • Direct link
  • Expiration Date: 07/31/2019 (Branch Locator)
  • Availability: IL, MN, WI
  • Soft Pull
  • Earn the $100 bonus by depositing $10,000 and remain on deposit for 90 days. The $100 bonus will be deposited into money market accounts within 120 days of account opening
  • Full Review

First Tennessee Bank $50 Money Market Savings Bonus

  • Direct link
  • Expiration Date: 06/30/2019
  • Availability: FL, MS, NC, SC, TN, TX, VA (Branch Locator)
  • Soft pull
  • Credit card funding up to $300
  • No direct deposit required
  • Earn the $50 bonus by opening a money market savings account with a $2,000 opening deposit and make total deposits of at least $5,000 in the first 30 days.
  • Full Review

Wanigas Credit Union $50 Checking Bonus

  • Learn More
  • Expiration Date: None
  • Availability: MI (Branch Locator)
  • Optional direct deposit
  • Earn the $50 bonus by opening a Share Draft Checking account with at least three of the following services: Debit Card, eStatements, V.I.P. Overdraft Protection, Quick Cash, and/or VISA Platinum, all within the first month.
  • Full Review

Bottom Line

Above are just what we considered as best bank bonuses without direct deposit. If you know of any other great banks that do not require direct deposit, feel free to share it with our readers by commenting below and we will add it onto our list. Also, if you find out about a new bank bonus, let us know first and get paid up to $15 through our Rewards Program.

At HustlerMoneyBlog, we strive to provide you the latest information on all bank deals and be sure to check our complete list of Bank Promotions across the nation for all your banking needs!

FEATURED BANK PROMOTIONS
PROMOTIONAL LINK OFFER REVIEW
Discover Bank Online Savings $200 Cash Review
HSBC Premier Checking Member FDIC $750 Cash Review
HSBC Advance Checking Member FDIC $350 Cash Review
Huntington Asterisk-Free Checking® $150 Cash Review
Huntington 5 Checking $200 Cash Review
Chase SapphireSM Checking 60,000 Points Review
Chase Total Checking® + Chase SavingsSM $350 Cash Review
Chase Premier Plus CheckingSM $300 Cash Review
Chase College CheckingSM $100 Cash Review
Chase Private Client $1,250 Cash Review
TD Bank Beyond Checking $300 Cash Review
TD Bank Convenience CheckingSM $150 Cash Review
Discover Cashback Debit Account (Cashback Match) $360 Cash Review
Citibank Account Package $500 Cash Review
Chase Total Business Checking® $200 Cash Review
Huntington Bank Unlimited Plus Business Checking $500 Cash Review
Huntington Bank Unlimited Business Checking $400 Cash Review
Huntington Bank Business Checking 100 $200 Cash Review

More

The post Best Bank Bonuses Without Direct Deposit – June 2019 appeared first on Hustler Money Blog.

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Venus Factor Extreme Review

If ever there was a weight loss bible for women, the Venus Factor Extreme would be it. If you Googled ‘weight loss for women’, you’d most probably see many sites mentioning the effectiveness of this program… and they’d be right. John Barban’s book is something the market really needed. There are a few unique challenges…

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Watch This as Aurora Cannabis (TSX:ACB) Targets Positive Earnings This Quarter

Powder of Cannabis (Drugs), Analysis of Cannabis in laboratory.

Last month, Aurora Cannabis (TSX:ACB)(NYSE:ACB) management reiterated its guidance for a positive EBITDA beginning this current quarter ending June 30. Such an achievement could be a huge confidence booster to the marijuana investing public, which has placed astronomical valuation multiples on the growth stock. Could this noble target be achievable this quarter?

There are a lot of moving parts that require investor attention, as the company finally targets operating profitability, but a reduction in the company’s quarterly operating expense bill for a rapidly growing cannabis operation isn’t likely one of them.

I would expect the achievement of operating profit to come from a few of the following sources.

Accelerated medical revenue growth

Although the company reported steadily growing revenues in a previous quarter, sales are nowhere near an operating breakeven point, and more top-line growth is still required to narrow the $36 million adjusted EBITDA loss to zero.

The recent 5% sequential growth in registered patient numbers during the last quarter to 77,000 patients and a further enrollment to nearly 83,000 patients in May is encouraging, but Canadian medical sales growth may still be insufficient to pull the overall adjusted EBITDA out of the red by this month-end.

Aurora Cannabis registered an impressive 40% sequential growth in export sales last quarter, as the company ramped up production from its flagship facility and had more product from its E.U. GMP-certified facilities to feed into Europe export sales, which fetch higher prices per gram to generate better margins.

That said, E.U. sales were a mere $3.1 million last quarter — too low to significantly drive the company to positive EBITDA, while Latin American operations are still in a slow growth mode.

Although medical sales bring better adjusted gross margins, I’m more convinced that the bulk of the required revenue growth this quarter will come from another source that investors need to watch out for.

Watch recreational sales!

Aurora Cannabis still has a huge delivery order to fulfill on its provincial supply agreements signed in 2018.

Disclosed initial annual supply volumes into provincial supply agreements topped 63,000 kilograms per annum last year, with critical volumes for Ontario and other provinces still undisclosed. However, by end of last quarter, the company had only recognized consumer sales volumes of around 9,300 kilograms ever since the adult use market sales began.

Thus, the company has to deliver over 53,700 kilograms of marijuana to satisfy its contracted obligations. That’s a tall order, but that’s a massive opportunity, too.

Management expected the company to have more than 25,000 kilograms of marijuana ready for sale during this quarter, encouraged by the 15,000 kilograms produced last quarter.

By the end of March this year, management only had a small window of just two quarters to push massive volumes into these contracts, and by end of this month, that window will narrow to just three months!

The company is likely to heavily push more product into the consumer market this quarter for it to achieve the EBITDA target and will likely do the same next quarter to sustain the position, but I’m worried about the sustainability of such volumes.

National retail sales contracted across the provinces at the beginning of this year to February, with a welcome small recovery in March, but channel inventory volumes are growing way too fast. The recreational sales channel may become clogged soon if consumer demand growth slows while product volumes continue building, and that may negatively affect producer wholesale prices going forward.

Can the EBITDA target be achieved?

Production costs per gram are coming down, as the flagship facility at Edmonton Airport ramps up production and targets producing marijuana at a cash cost below $1 a gram. Declining cash costs will boost margins significantly.

Increased productivity also avails more product for oil extraction, and the company may sell more of high-margin extracts this quarter as extraction capacity was reported to have increased subsequent to the last quarter. Operating margins may expand.

It seems like management has adopted an operating cost-containment focus while still growing the revenue base to improve corporate earnings, making the realization of a positive EBITDA quarter a potential reality, given falling production costs per gram.

However, given the recent average selling prices, and assuming a flat adjusted gross margin and constant sales mix, the company may need to sell between 21,000 and 24,000 kilograms of product this quarter to achieve operating breakeven, giving a required revenue of close to $130 million for the quarter!

That looks like a very tall order given prior quarterly achievements.

You might be missing out on one of the biggest opportunities in Canadian investing history…

Marijuana was legalized across Canada on October 17th, and a little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

Besides making key partnerships with Facebook and Amazon, they’ve just made a game-changing deal with the Ontario government.

One grassroots Canadian company has already begun introducing this technology to the market – which is why legendary Canadian investor Iain Butler thinks they have a leg up on Amazon in this once-in-a-generation tech race.

This is the company we think you should strongly consider having in your portfolio if you want to position yourself wisely for the coming marijuana boom.

Learn More About This TSX Stock Now

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Fool contributor Brian Paradza has no position in any of the stocks mentioned.

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3 Reasons You Should Sell Corus Entertainment (TSX:CJR.B) Right Away

Clock pointing towards a 'sell' signal

Corus Entertainment (TSX:CJR.B) has had a rough few years. The stock has lost nearly 75% of its value since 2014 and nearly half its value since mid-2017 alone. Meanwhile, the digital media landscape has changed dramatically and a rise of new competitors have dwindled the company’s prospects for future growth.

Nevertheless, the stock is up 33% year to date, and the company has been signalling a financial turnaround. While optimistic analysts raise their price targets on the stock, here are three reasons investors should still be wary of the company.

Content frenzy

Corus stock was trading at an all-time high when House of Cards premiered on Netflix, kicking off a new era of digital entertainment and a new framework for content delivery. Netflix’s tremendous success over the past six years has galvanized media giants such as Disney and inspired technology leaders such as Apple to join the race. All three are now pouring billions into content creation.

Relatively tiny Corus doesn’t have the tech savvy, the brand recognition or the deep pockets the upcoming content war requires. It’s difficult to see how the firm will negotiate fair prices for content licences, expand its streaming service across the world, keep subscription prices low enough to attract viewers, or attract top movie and television talent to create original content.

In my view, an acquisition of its original content assets or a buyout of the whole company is the best hope the management has.

Debt load

Corus’s balance sheet is split nearly evenly between debt and equity. There’s 9% more debt than equity on the book, which isn’t necessarily bad. However, a lack of growth magnifies this debt burden. 

Analysts expect the company to grow earnings at a mere 0.55% annually for the next five years, which makes the debt burden seem nearly insurmountable without external funding or a sudden windfall. This means management will be on the back foot during any potential takeover or content licensing negotiation with bigger players. It could also imply a potential cut of the lucrative dividend the company currently offers. 

Stock is at peak value

Insider selling is usually a clear indicator of overvaluation. A few weeks ago, Shaw Communications, Corus’s parent organization, decided to offload its entire 38% stake at $6.80 per share. The stock currently trades at $6.5, which means it is still very close to the fair value its largest stakeholder assigned to it last month.

In my opinion, this is the clearest sign that Corus is at its peak. Investors should take the opportunity to follow the Shaw family and divest while the price is still fair.

Bottom line

Corus has eroded shareholder value precipitously for years. Meanwhile, the digital content industry has been transformed by technology leaders and media juggernauts with deep pockets. The company’s financial position leaves it in a vulnerable position just as the content war heats up. 

However, the stock is up by a third so far this year, and analysts are more optimistic about a turnaround. The Shaw family took this recent spurt in market value as an opportunity to sell their entire stake, and I believe retail investors who’ve held the stock for a while should do the same.

Forget Apple! Buy This TSX Stock Instead…

There’s something crucial you need to know about Apple’s stock today, especially if you already own it, know someone who does, or have even thought about buying it.

This revolutionary new technology involved in “Project Titan” should make any investor’s ears perk up.

But you may want to consider investing in a TSX-traded company that’s poised to have a drastically larger role in this new tech, and yet is less than 1% the size of Apple.

Discover why we’re especially excited about this tech opportunity for Canadian investors like yourself.

Click here to learn more!

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David Gardner owns shares of Apple, Netflix, and Walt Disney. Tom Gardner owns shares of Netflix. The Motley Fool owns shares of Apple, Netflix, and Walt Disney and has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple. Fool contributor Vishesh Raisinghani has no position in any stocks mentioned. Walt Disney is a recommendation of Stock Advisor Canada.

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Better Buy: Telus (TSX:T) or BCE (TSX:BCE) Stock?

TELECOM TOWERS

Canada’s telecom industry is an attractive one for investors. The Big Three — Telus (TSX:T)(NYSE:TU), BCE (TSX:BCE)(NYSE:BCE), and Rogers Communications — have a monopoly in Canada. Although there are others who are trying to break their hold on the industry, the three still account for 80% of the wireless sector.

Of the three, Telus and BCE are Canadian Dividend Aristocrats. That is to say, they have a history of raising dividends for at least five consecutive years. This has made them preferred targets over fellow oligopoly player Rogers. Which of the two is a better buy today? Let’s take a look.

Top stock for income

The main reason to own and hold either company is for their attractive dividends. BCE has the highest starting yield at 5.29%, while Telus isn’t far behind with a 4.43% yield.

As mentioned, both also have a history of raising dividends. BCE has a 10-year streak, while Telus is in the top 20 in Canada with an impressive 15-year dividend-growth streak. Over the past five years, Telus has averaged 9.1% annual dividend growth. This is much higher than BCE’s 5.3% average growth over the same period.

Advantage: The gap between BCE’s and Telus’s yield is not wide enough to outweigh Telus’s strong dividend growth. Telus has also recently reiterated 7-10% dividend growth through 2022. As such, it edges BCE in the income department.

Top stock for growth

As Canada’s two largest telecoms, growth is an important metric. The wireless boom is now in the rear-view mirror and, along with it, double-digit growth rates. That being said, growth is an important factor that drives further innovation and also underpins growing dividends.

Over the past five years, Telus has grown earnings by 5.48% annually. BCE’s growth has been far less impressive, as it has averaged only 0.98% average annual earnings growth. What does it look like moving forward?

Once again, Telus is expected to eclipse BCE’s growth rate. Over the next five years, earnings are expected to grow by a healthy 7.48% on average, while BCE is only expected to post 4.12% average annual earnings growth.

Advantage: There is a clear winner here, as Telus has provided and is expected to post the higher growth rates.

Top stock for value

There isn’t much that separates either company in terms of current valuation. They are both trading at approximately 19 times earnings and around three times book value. Although these are slightly below historical averages, neither are particularly cheap.

Thanks to Telus’s higher growth rates, it looks cheaper than its competitor on a forward basis. It is trading at 15.75 times forward earnings and has a P/E to growth (PEG) ratio of 2.21. This is almost half of BCE’s high PEG ratio of 4.13.

Advantage: Telus narrowly edges BCE in terms of valuation. It is important to note, however, that both companies appear to be fair to overvalued at today’s prices.

Winner

Take out the broom: Telus has swept BCE in all three categories — growth, income, and value. As such, Telus is the better overall buy. The only area in which it trails BCE is in terms of yield. However, it has averaged a much higher dividend-growth rate, and the yield gap has narrowed over the years. It is a trend that appears as though it will continue moving forward.

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Fool contributor Mat Litalien owns shares of TELUS CORPORATION.

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