• CCO stock outperforms market during first quarter.

    Clear Channel Outdoor stock was up 3% for the first quarter while the S&P 500 was down 2%.  The market seems to be viewing the iHeart bankruptcy as a good thing because it means Clear Channel Outdoor may find independence and owners who will stop mortgaging the future to pay cash dividends.

    The other three public companies underperformed the market during the first quarter.  Lamar and JCDecaux were down 13% for the first quarter.  Outfront Media declined 19% during the first quarter.  The public out of home companies are trailing the market due to weak revenue growth.  National revenues need to come back for our of home stocks to rally.

    Public Out of Home Stock Performance Versus S&P 500

    Three months Ended March 31, 2018

    Source: Yahoo Finance

     

    A chart for the last five years tells a different story with all four public out of home companies trailing the market.  The S&P 500 has risen 70% over the past five years.  Lamar is up 32%, JCDecaux is up 24%.  Outfront is down 23% over the past five years.  Clear Channel Outdoor is down 32%.  

    Public Out of Home Company Stock Performance Versus S&P 500

    Five Years Ended March 31, 2018

    Source: Yahoo Finance

     

     


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    One Comment

    1. OOHover&Out says:

      And this is supposed to be BIG news!!! CCO stock has done nothing for years unless you are a day trader.