An out of home exec needs to keep track of inflation for three reasons. Inflation tells you how fast to increase ad rates to avoid having your margins squeezed. Inflation is currently 3.4%. If you are not increasing your ad rates 3.4%/year your expenses will increase faster than your revenues […]
Public out of home companies beat the market during the fourth quarter of 2023. OUTFRONT was up 38% on news that transit ridership is creeping up. Lamar was up 27%. Clear Channel Outdoor was up 15% with a sharp improvement after the company reaffirmed fourth quarter revenue guidance (November 8) […]
We are completing our review of the US public out of home companies by reviewing Link Media Outdoor which is a wholly owned subsidiary of Boston Omaha. Boston Omaha stock finished yesterday at $16.08. This is above the $13 price at which it went public in 2017 buy a long […]
Wishing everyone the happiest holidays and best New Year from Billboard Loans. It has been almost 6 months since retiring from my 40+ year banking career, and I have to say working with billboard people is more fun. I’ve become a billboard nerd like my partner, Dave Westburg. I read […]
After reviewing Billboard Insider’s 10 year financial analysis of Lamar, OUTFRONT and Clear Channel Outdoor, out of home investment banker Jim Johnsen writes, “Thanks for interesting analysis Dave. How about looking at an ROA and an ROE statistic as well as Free cash flow per share? That would give us […]
David Sailer to Assume Role effective March 1, 2024 Brian Coleman to Transition to Consultant Role Focused on Strengthening Company’s Balance Sheet Company Reaffirms Guidance for the Fourth Quarter and Fiscal Year of 2023 SAN ANTONIO, Dec. 19, 2023 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today announced that David Sailer, currently the Executive […]
Clear Channel Outdoor stock finished at $1.66 Friday, down from $10.59 ten years ago. Over the past decade almost everything that could go wrong did. Bad ownership. Bad overseas assets. No one watching expenses. Covid. iHeart’s looting One of the first things that you’ll notice is that revenues and […]
Lamar’s stock has almost doubled in the past 10 years from $54.11 at December 31, 2014 to $103.98 as of yesterday. What’s the secret sauce? Grow revenues and mind expenses. Lamar’s CEO Sean Reilly says that Lamar’s acquisitions include steel, ad contracts and leases but not buildings or people. This […]
This ten year chart is depressing if you are an OUTFRONT investor. OUTFRONT closed at $12.37 today down from $26.84 almost 10 years ago on December 31, 2014. Billboard Insider reviewed 9 years of of OUTFRONT financials to answer the question why a company with such polished people and […]
Moorgate Capital Partners has compiled an interesting table showing the public OOH company M&A activity from 2019 to 2023. Some Billboard Insider observations. Acquisitions have slowed dramatically at the public out of home companies. They closed only $163 million in acquisitions during the first 9 months of 2023, down from […]
