Most out of home companies take payment by credit card. It’s convenient for clients and provides the out of home company immediate access to cash. But credit cards are expensive. Fees average 1.5-3.5% of the transaction amount. At last week’s IBO show West Virginia Outdoor CEO Bill Lodzinski mentioned that […]
Yesterday we asked Billboard Insider readers what their return on investment (ROI) hurdle rate is for new capital projects. Billboard Insider readers want a minimum ROI on out of home capital projects of at least 15%. One third of Billboard Insider’s readers seek a ROI of 15-20% on new capital […]
A reader asks: I was working with my Controller recently on some financial planning and forecasting and the question came up on what a target ROI should be on a billboard. The ROI or return on investment or hurdle rate is the minimum return you want to see from capital […]
Clear Channel Stock increased 14% during the third quarter of 2023 versus a 1.5% decline for the S&P 500. An investor group which includes Artie Moreno, SunChase (e.g William Pope) and Verde (think Ernie Garcia) bought more shares of Clear Channel Outdoor during the quarter. At 9/28/23 their investment […]
For a Billboard Insider reader, the turnaround seemed to start with the news of a delayed earnings release back in early December 2022. For Daktronics though, their efforts had started much earlier than that, as they focused on shoring up supply chain issues, a large order backload and short term […]
Clear Channel Outdoor CEO Scott Wells and CFO Brian Coleman appeared last week at the Cit 2023 Technology Conference. Here are the highlights. Wells says European asset sales won’t reduce leverage We would love for these to be deleveraging transactions but when you have a debt multiple like we do […]
Grow transit, cut expenses, convert digitals, fewer acquisitions. That’s OUTFRONT’s plan for the next year based on CEO Jeremy Male’s comments at the Citi 2023 Global Tech Conference last week. Here are some highlights. Goals for the year ahead Getting the top line moving again next year…particularly within our transit […]
Yesterday Lamar advertising declared a $1.25 quarterly dividend on Class A and B common shares. This equates to a return of 5.46% per annum return on Lamar’s stock price of $91.58. Outfront declared a $0.30 quarterly dividend which equates to a 10.1% return on stock on a stock price of […]
I am very happy to have finally retired from banking, and I am grateful to Dave Westburg and John Weller of Billboard Insider for letting me write articles about out of home finance. Before I retired in July, it was clear that banks were tightening credit standards and terms. I […]
A Billboard Insider reader asks: Hi Dave. One quick question. When you get ready to sell your plant is it more of and advantage to sell your land under your structures and get a perpetual easement, before selling. Or keep the land and sell it as a whole. Yesterday valuation […]
