US Outdoor revenues grew 3.3% during the first quarter of 2016 according to the the May 19, 2016 OAAA press release. Outdoor revenues have outpaced the US economy for the last four quarters as you can see in the chart below. US Outdoor Revenue Growth Versus US Quarterly Seasonally Adjusted […]
Finance
Daktronics Down in Fourth Quarter 2016
Digital Billboard Maker Daktronics had a dissappointing fourth quarter. Here are the highlights from the company’s earnings release and the Seeking Alpha earnings transcript. Revenues for the three months ended April 30, 2016 declined by 12% to $138 million and the company had a net loss of $2.9 million for […]
iHeart Media Being Sued By A Minority Investor
Yes, iHeart Media did recently come off a victory in the Texas courts over a group of creditors. That does not mean their troubles are over. Gamco Asset Management owns nearly 10% of the stock in Clear Channel Outdoor Holdings not held by iHeartMedia. Gamco is suing iHeart for improperly […]
Are Clear Channel’s Orlando Assets Next For Lamar?
What’s next for Clear Channel Outdoor and Lamar? Insider has heard rumors that Lamar may be interested in Clear Channel’s Orlando/Ocala/Melbourne cluster. Makes sense for a couple reasons: Lamar bought Florida’s Beech Outdoor in April 2015 and the Clear Channel Florida assets would complement the Beech assets. Lamar has $890 […]
What will you do if interest rates rise?
The federal reserve may raise interest rates according the the New York Times. Interest rates have been low for the 8 years since the Great Recession. Rates can rise pretty fast in the later stages of a recovery. The following chart shows that the Prime rate rose from 4% in 2003 […]
Seeking Alpha Analyst Likes Lamar
Seeking Alpha analyst Josh Kaplan likes Lamar stock: “For the income investor looking for an attractive yield coupled with price appreciation, Lamar is worth a serious look.” Insider noticed three things: Lamar has the firepower for a big Clear Channel Outdoor acquisition. Lamar could add $890 million in senior […]
Outfront to Deploy Digital Billboards in Minneapolis/St. Paul Skyways
NEW YORK, May 18, 2016 — OUTFRONT Media Inc. (NYSE: OUT), one of the largest out-of-home media companies in the U.S., announced today the next deployment of its ON Smart Media platform in the Minneapolis and St. Paul skyway systems. The project joins a growing list of deployments in New […]
Automatic Inflators in Leases
Insider and Herb Stark of Stark Outdoor were talking yesterday about annual rent inflators and leases. Many landlords will push for an annual rent increase or a rent increase every five years in exchange for entering into a long term lease. Here’s a table showing US inflation rates by decade […]
Is iHeart Making Progress With Creditor Group?
Insider has written about Clear Channel Outdoor’s parent company, iHeart Media, and their debt woes. Their trial in Texas with a group of creditors began this week . We had previously mentioned that iHeart was trying to find a mediated settlement up to the date of the trial. At issue is […]
Landmark Emphasizing Renewable Site purchases.
Landmark CEO Tim Brazy had some interesting things to say in the Landmark’s first quarter earnings release conference call. You can read the Seeking Alpha transcript of the call here. Landmark has launched a Unit Exchange program in which is will give landowners Landmark Units rather than cash to purchase […]
