Boston Omaha raised $59 million in cash via sale of 2.6 million shares of class A common stock at a price of $25 per share. Proceeds from the sale will be used to grow the company’s Link Media Billboard business and to fund the expansion of Boston Omaha’s fiber to […]
Lamar Advertising filed an S-1 to raise $300-345 million via a special purpose acquisition company (“SPAC”) named Lamar Partnering Corporation (“LPC”). Lamar will own approximately 20% of the LPC. LPC will be managed by members of Lamar’s management team including Ross Reilly, Lamar’s VP of Mergers and Acquisitions who will […]
Covid has resulted in an increase in bad debts at the public out of home companies. Here’s a breakout of who took what writeoffs in 2020. Table 1 – Accounts Receivable Writeoffs for Public US Out of Home Companies (million dollars) And this table shows writeoffs as a percentage of […]
The three public US out of home companies outperformed the market for the 3 months ended March 31, 2021. Outfront was up 15%, Lamar up 14%, Clear Channel Outdoor up 10% versus a 6% increase in the Standard and Poors 500. US Public Out of Home Companies Versus S&P 500 […]
Here are 5 things about Link Media Outdoor which Billboard Insider learned after reading 2020 10k for Link Media’s parent Boston Omaha. This stock is capital gains, not current income. Link Media’s parent Boston Omaha doesn’t intend to become a REIT or pay dividends any time soon. It want to […]
Last week we discussed the pros and cons of billboard lease financing. Today we discuss the pros and cons of bank and private loan financing. Banks usually have the cheapest loans because they have a low cost deposit base. And banks are often big enough to grow with you as […]
Several companies offer lease financing for billboards. They offer fast approval. They often do 100% financing. Financing charges are falling and reasonable. And collateral is limited to specific assets. Insider computed a financing charge of approximately 8% on the most recent billboard lease he examined. There are two disadvantages […]
JCDecaux’s revenues are slowly recovering from Covid but don’t expect to see a full recovery until the last half of 2021. Here are the results from the JCDecaux 2020 earnings release and JCDecaux 2020 earnings presentation. Billboard Insider translated euros to dollars using a 1 euro to 1.2 dollar exchange […]
Revenue declined but Daktronics was close to breakeven for the 3 months ended January 31, 2021. Here are the highlights from the Daktronics 3Q FY 21 earnings release and earnings call. Revenues declined by 26% to $94 million for the third quarter of fiscal 2021 (three months ended January 30 […]
Lamar’s rural billboard plant is recovering fastest from Covid and the company is resuming capital expenditures and acquisitions. Here are the results of Lamar’s fourth quarter 2020 earnings release and conference call. Revenues declined by 7% to $429 million. CEO Sean Reilly said fourth quarter revenues came in better than […]
