David Abella’s Dividend and Income Fund told Barrons last week that Lamar is one of his five top picks. Here’s what he hold Barrons: “The digital era has made it difficult in some cases to get consumer eyeballs and on the road is a very captive audience.” The stock is […]
Landmark Infrastructure Partners released financials for the 6 months ended June 2016. Here are the highlights: Landmark bought no new outdoor advertising easements or leases during the first 6 months of 2016 after buying 211 outdoor advertising leases and easements during 2015. Landmark had a $59 million investment in outdoor […]
Insider has reported frequently on iHeart Media’s debt problems as they own 90 percent of the equity of publicly traded Clear Channel Outdoor Holdings, the nation’s largest billboard company. Mario Gabelli’s Gamco Asset Management owns 10 percent of the publicly traded shares. Gamco has not been happy with iHeart, owned […]
ThinkAdvisor notes the success of Specialty REITs, which own properties as diverse as farmland, document storage and outdoor ad space. Trepp Inc., an information provider for real estate and banking, notes that REITs in this category have posted a 31.44% total return year to date, and a 5.45% dividend yield, the […]
Insider talked with Gabe Oliverio of outdoor investment banking firm Johnsen Fretty about outdoor values. Sounds to Insider like now is a good time to sell your company. Insider is seeing values of 5-6 times run rate revenue and 8-12 times run rate cashflow in the outdoor advertising market. What’s […]
The four public outdoor companies were valued at 3.7 times gross revenue and 13.2 times cashflow at June 30, 2016 according the the Yahoo Finance pages for Clear Channel Outdoor, Outfront, Lamar and JCDecaux. Lamar leads the group at a valuation of 6.4 times revenue and 15.3 times cashflow. Insider […]
iHeartMedia has reached an impasse on talks with some of its creditors. Since winning a court judgement in May, the broadcaster has been trying to reach an agreement on how to restructure some $21 billion in debt. The company has told the Securities and Exchange Commission its assessing whether to […]
Insider has been financing outdoor companies for 20 years. Here’s the information you should put together before you approach a lender. By having the information already assembled you will look professional and competent. The most important items are listed first. Income Statement and Balance Sheet for your outdoor company […]
Insider thought you might want to see what the stock market thinks of the Big 4 Outdoor companies: Lamar, Outfront, Clear Channel and JCDecaux. The chart below comes from investment banker Mark Boidman’s presentation titled OOH and M&A. The Chart demonstrates that the stock market values Lamar at 13.1 times […]
The International Right of Way Association had an educational session on billboard appraisal methodologies and case law on June 14, 2016, as part of its 62nd International Conference. The presenters were J. Allen Smith of the SettlePou law firm who is chair of OAAA’s billboard valuation subcommittee, and Paul Wright of […]
