US out of home stocks beat the market during the second quarter of 2021. Clear Channel Outdoor increased by 40% during the second quarter of 2021 versus a 7% increase for the Standard and Poor 500. Clear Channel stock is more volatile than the other out of home companies because […]
Daktronics, Inc. reported fiscal year and fourth quarter 2021 results. Daktronics reported fiscal year 2021 net sales of $482.0 million, operating income of $17.1 million, net income of $10.9 million, and earnings per diluted share of $0.24. This compares to net sales of $608.9 million, operating loss of $0.2 million, […]
Tucson, Arizona, June 8th, 2021 – This is to announce the formation of Drachman M&A Co. to focus on Mergers and Acquisitions within the Out of Home and Digital Infrastructure sectors. Founded by CEO Max Drachman, the firm launches with nationwide expertise in acquisition and divestiture advisory services. Joining Max […]
Insider’s note: Busby Outdoor has filed suit in the second judicial court district of Jones County Mississippi seeking damages relating to sale of certain assets to Trailhead Media in July 2020. Here’s a summary of the complaint based on the court documents. Busby Outdoor LLC (“Busby”) filed a complaint on […]
Lender: Stark Capital Solutions Contact: Craig Berry Address: 5829 N. Post Rd, Indianapolis, IN. 46216 Email: cberry@starkcapitalsolutions.com Phone: 317-546-6038 Stark Capital makes secured loans to out of home advertising companies. Chris Stark is the firm’s founder and President. Craig Berry is Vice President Talk about Stark Capital’s […]
Lamar Advertising Company announced yesterday that its board of directors has declared a quarterly cash dividend of $0.75 per share payable on June 30, 2021 to stockholders of record of Lamar’s Class A common stock and Class B common stock on June 21, 2021. Insider’s Take: Lamar maintains its increase […]
This post needs to be run every couple years. Repeat after me: Billboards are not passive income. Billboards are not passive income. Billboards are not passive income. There is a myth that you can make lots of money in the billboard business without any work. Type “billboard investing” into […]
Insider noted two recent announcements from Clear Channel Outdoor. Extension of voter rights – Insider wrote back in May 2020 of CCO’s adoption of a one year shareholder rights plan. A shareholder rights plan is also called a poison pill. Shareholder rights plans were devised in the early 1980s as a […]
Financing is critical for your out of home business. In February we ran articles about Formetco’s Digital Billboard Financing Program and Formetco Financing to Replace Aging Billboards. Today we talk with Tony Hull about Yesco’s financing programs. Lender: YESCO Financial Solutions Contact: Tony Hull Email: thull@yesco.com Phone: 801-464-6482 […]
Landmark Infrastructure revenues and cashflow increased sharply but the company did not add any new out of home advertising lease or easements. Here’s a summary of the Landmark 1Q 2021 financial release and conference call. Revenue increased 25% to $17 million during the first quarter of 2021 due to acquisitions […]
