Boston Omaha issued its 2022 annual investor letter. Hard to believe that the company just finished its eighth year. Some of our observations. Boston Omaha has outperformed the big three. Boston Omaha stock has grown 56% since it went public in June 2017. During the same time period Lamar grew […]
Here are the results of the OUTFRONT Media first quarter 2023 earnings release, earnings presentation and conference call. Revenue increased by 6% to $396 million. Billboard revenue increased by 8%. Transit revenue declined by 1%. Local revenue grew 10%. National revenue grew 1%. The company finished the quarter with a […]
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 […]
A recurring complaint in out of home is how long agencies and big national accounts take to pay. 90-160 days seems to be the norm. MediaMark Factoring has developed a receivables purchase product allowing you to be paid 3 days after you post, thereby eliminating slow paying receivables all together. […]
By Tony Hull, President, YESCO Financials Solutions There were no bank failures in the United States in 2021 or 2022. The last time we went two years with no failures was 2005 and 2006. For those connected to the banking industry, it was pretty alarming to see the 2nd and […]
A highlight of each OAAA Geopath show is hearing Solomon Partners Mark Boidman pontificate on the media landscape. “Price matters,” he said at the 2023 OAAA/Geopath OOH Media Conference, “The reality is out of home media is the best bank for the buck…it is inexpensive.” Here’s the slide Boidman showed […]
Here are four things about Link Media Outdoor (the out of home subsidiary of Boston Omaha) which Billboard Insider learned by reading Boston Omaha’s 2022 10k. Acquisitions, acquisitions, acquisitions Link Media Outdoor has closed 20 out of home acquisitions totaling $240 million since 2015. That’s a lot, but maybe not […]
Two US out of home stocks were up and one US out of home stock was down in the first quarter of 2023. Clear Channel Outdoor rose 14% on news of the Switzerland sale. You’ll notice that Clear Channel Outdoor fluctuated wildly during the 1st quarter. It has extremely high […]
Link Media Outdoor continues to benefit from scale economies associated with acquisitions. Here are the results for Link Media Outdoor as disclosed in the Boston Omaha 2022 10k. Revenues grew 24% to $39.2 million due to the acquisition of Keleher outdoor and Missouri Neon as well as in improvement in […]
By Chris Stark and Craig Berry, Stark Capital Solutions For more than 20 years, Stark Capital has had the unique opportunity to be involved in both the financing and M&A segments of the billboard industry. We frequently talk with operators country-wide about their businesses, which gives us a unique perspective […]
