Tag: Seeking Alpha

First Get the Facts Right…

Vader Capital published a report titled Clear Channel Outdoor: Debt is a Massive Risk.  The analyst thinks the USA out of home industry is in decline.  We’ll quote the report: According to IBISWorld, the US market size is $9.5 billion in 2022, which experienced 2.1% decline a year since 2017. I expect […]

Out of Home Maintenance Capexp is Stable

Seeking Alpha has published a report by Brad Thomas titled Who’s Betting on Billboards.  Thomas is a good analyst but he gets this wrong. “…because billboard REITS are essentially in the advertising business, there are erratic capexp requirements” Out of capital spending is not erratic.  It is predictable and can […]

Hoya Capital on the US Out of Home Business

Hoya Capital published a decent out of home review titled Billboard Reits: We’re Paying Attention (Lamar Vs Outfront).  Forward a copy to your banker.  The article explains how out of home works and summarizes industry strengths (e.g. regulatory barriers to entry, digital billboard upside, attractive CPM versus other media, low […]

The Vaccine and Out of Home’s Return to Normal

If you invest in OUTFRONT or Clear Channel or if you own a transit or airport advertising company you should monitor how long it will be until vaccines end the Covid epidemic.   US airport travel was down 60% for the week ended November 29, 2020 versus the prior year. last […]

More Finance News for Clear Channel

Insider wrote last week about Clear Channel and their announcement of a “shareholder rights plan” .  Seeking Alpha and Reuters followed up with pieces on valuation problems with some recent bond offerings.  Since March 24, the day after the Fed announced its unprecedented stimulus programs, 23 companies borrowed money in […]

Seeking Alpha on Out of Home

Seeking Alpha has run two pieces on billboard stocks this week. Outfront: A Long Term Investment Opportunity ran Monday .  The financial analysis is shallow and simplistic but one sentence on OUTFRONT’s success at cross-selling transit and bulletins caught Insider’s eye: “According to the figures provided by Outfront Media, 86 […]

Billboard REIT Derby: Lamar Vs. Outfront

Insider’s Take:  Insider believes that there is always something to learn when those outside our industry evaluate the industry.  Thanks to Arturo Neto, who wrote this article and The Belgian Dentist who produced this article for Seeking Alpha.  We have focused on their comparison of Lamar and Outfront, the industries […]

New and Noted – July 7, 2019

Robert and Sam Kovacs have written about Lamar Advertising at Seeking Alpha.  They say Lamar is a conservative stock with a 4.6% dividend yield, projected dividend growth of 4-6%/year and “decent not exceptional” projected capital gains. The Levis have out of home in their blood.  Clear Channel Outdoor EVP Dan […]

Brad Thomas on Outfront and Recession

Brad Thomas writes for Seeking Alpha where he specializes in publicly-listed REITs. In addition, Thomas is the Editor of the Forbes Real Estate Investor, a monthly subscription-based newsletter. Insider has followed Brad for some time and his take on OOH REITs is thoughtful and always worth a read.  Here is his take […]

Boston Omaha: A Potential Long Opportunity For Patient Investors

A diligent investor should behave in such a way that they are not gambling with their money, but instead acting cautiously and allocating it wisely. That philosophy from Warren Buffet is an important part of the overall strategy of Boston Omaha. Seeking Alpha has an interesting story by Matthew Livesay […]