Employee fraud can happen to anyone. Earlier this week a Watchfire Signs employee was convicted of defrauding Watchfire Signs out of $330,000 in 2019. In 2017 Clear Channel Outdoor took a $10 million charge for accounting fraud in the company’s Chinese subsidiary. Here are some ways employees can steal from […]
Startup Verde Outdoor Capital, LLC is seeking to make loans of $1-$50 million to out of home owners and operators. Billboard Insider talked with Verde Outdoor Capital President Rickard Strom. On forming Verde Outdoor Capital I’ve been a commercial lender for 20 years. I have always liked helping small to […]
OUTFRONT CFO Matt Siegel says the company is looking at tuck-in acquisitions. Here is a selection of Siegel’s comments at yesterday’s Deutsche Bank 29th Annual Leveraged Financing Conference The Boston and New York transit markets are recovering Boston is similar to New York in that there is a return to […]
Max Drachman of Drachman M&A Co. sent us a summary of his comments at the Out of Home mergers and acquisitions panel which Billboard Insider moderated at last week’s IBOUSA show. There’s been an uptick in multiples in the last six months. Market share is becoming more valuable. Digital billboards […]
Canadian’s love out of home. Yesterday British Columbia Investment Management Corp partnered with Searchlight Capital to invest in Adams Outdoor. Earlier this month the Canadian Equity Fund Fulcrum Capital Partners invested in street furniture company Creative Outdoor Advertising. Fulcrum Capital Partners Principal James Morrison tells Billboard Insider: “We were impressed […]
This came out over the weekend from a Bloomberg News report. Searchlight Capital Partners and British Columbia Investment Management Corp. have agreed to invest in Adams Outdoor Advertising. Terms of the deal weren’t disclosed in a statement provided to Bloomberg News. Adams Outdoor will be valued at more than $1 […]
Lamar announced a 33% dividend increase to $1.00 per share payable on September 30, 2021. Billboard Insider’s Take: Yet another signal that Lamar has put Covid in the rear view mirror. Lamar’s dividend is back to pre-Covid levels. The payout equates to a 3.5% yield on the company’s common stock […]
Here’s a comparison of the performance of the public out of home companies versus the US nominal GDP. Quarterly Change in US Public Company out of home revenues versus US Gross Domestic Product Some observations: Link Media and Lamar had the slightest revenue declines and fastest recovery from covid due […]
Here’s an overview of Clear Channel Outdoor’s 2Q 2021 performance prepared by Paul Wright and Carson Frost at SignValue. SignValue offers billboard valuation and advisory services nationwide. You can contact SignValue at 480-657-8400 or info@signvalue.com. [wpforms id=”9787″] Paid Advertisement
Always nice to understand what the wider marketplace thinks about the Out of Home sector. Below is a segment of a report from Hoya Capital Real Estate, a research-focused Registered Investment Advisor that advises ETFs and individual accounts by managing portfolios of publicly-traded commercial and residential real estate companies. They […]
