“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 […]
Some thoughts and observations from Insider’s 23 years of lending and investing in out of home. The larger companies in OOH should be safe. That doesn’t mean that the perceived value of their business, publicly traded or not, won’t take a hit (we’ll discuss stock values later this week), but […]
Coronavirus is not a permanent state of affairs but you need to protect your liquidity for 30-60 days until shelter in place restrictions become less severe and the economy starts recovering. Some ideas. Put a spreadsheet together which monitors your lease costs versus revenues for individual signs. Ask landlords for […]
The economy and the OOH industry has had a strong run over the last ten years. Cash flows are strong, profits are up and our values have been at all time highs. It has been good times for banks too, especially in the last two years. Their profits have been […]
Boston Omaha, the public parent of Link Media Outdoor, released its 2019 10k. Three things in the 133 page document caught Insider’s eye. The pause that refreshes. Link Media Outdoor closed two acquisitions (Image outdoor and Alpha Displays) for $8.3 million in 2019 versus 3 acquisitions (Tammy Lynn, Key and […]
JCDecaux delivered record 2019 results but said it expects first quarter 2020 revenues to decline 10% due to the conoravirus. Here are the results from the 2019 earnings release. Adjusted revenue increased by 7.5% to 3,890 euros in 2019 due to strong growth in digital advertising. CEO Jean-Francois Decaux said […]
Landmark Infrastructure released fourth quarter 2019 financials last week. Some highlights from the 10k annual financials, fourth quarter earnings release and earnings call Rental revenue increased 5% to $15.5 million during the fourth quarter of 2019. Net income totaled $1.1 million for the fourth quarter of 2019. The portfolio is […]
