Since our Monday update on the Payroll Protection Loan Program there have been several developments and trends on the SBA’s PPP loan program. Here are Insider’s thoughts as the program rolls out. There is a need for more money – With demand exploding for the PPP, the Senate went to […]
Goldman Sachs has a great powerpoint on Coronavirus and the US economy. Some of the highlights. The coronavirus will reduce US real GDP on an annualized basis by about 35% for the second quarter of 2020. US GDP will bounce back with annualized growth of about 15% in the […]
Friday was a day of confusion for most lenders as the SBA began releasing their operating procedures for the Payroll Protection Loan Program. As of Saturday morning Insider was able to get on a regional bank on-line application, complete and download a request for a PPP loan. A search of […]
Baton Rouge, LA – April 2, 2020 – Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR), a leading operator of outdoor advertising and logo sign displays, today announced that it has withdrawn its full-year financial guidance for 2020 in light of the significant macroeconomic uncertainty resulting from the coronavirus pandemic. “We began […]
First quarter was a tough for stocks and even worse for out of home. The S&P 500 fell by 20% – the worst first quarter in history. Lamar declined 43%, Outfront declined 50% and Clear Channel declined 78% although all three companies have rallied from their lows last week. US […]
Two interesting new items from JCDecaux. First in a press release on the 25th, JCDecaux announced the withdrawal of its 2019 dividend proposal in order to strengthen its liquidity, its balance sheet in response to the unprecedented global disruption due to the Covid-19 outbreak. Jean-François Decaux, Chairman of the Executive […]
“Be fearful when others are greedy and greedy when others are fearful.” – Warren Buffett Public out of home stocks have rallied this week but are down dramatically year-to-date. Here’s the data. Looks to Insider like the market has priced a 20% revenue decline and a 30-40% cashflow decline into […]
NEW YORK, March 25, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced business and financial updates in response to the novel coronavirus (COVID-19) pandemic. To protect our business, clients, and stakeholders in these extraordinary and unprecedented times, we are undertaking many financial and operational actions. As of today, […]
From Clear Channel Outdoor’s press release issued on March 25th: Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”), one of the world’s largest outdoor advertising companies, today announced it has drawn down $150 million available under its Revolving Credit Facility to increase liquidity and preserve financial flexibility. “The Americas segment continued to […]
What’s the outlook for US out of home revenue in 2020? Billboard Insider and Signvalue have prepared projections showing that US out of home revenues could drop 9-14% for the full year 2020. Clear Media China’s experience China experienced peak disruption from the Coronavirus in January and February and now […]
