Yesterday Lamar announced it was issuing $400 million in privately placed senior notes. Here is an excerpt from the press release: Baton Rouge, LA — May 11, 2020 — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $400.0 million through an institutional private placement of senior […]
Blip Billboards made the news in Utah with billboards celebrating graduating seniors. Here a link to an ABCNews4 Article and video. Lakeland Outdoor is honoring grads on billboards as are Reagan, Lamar and Highroad Outdoor. Insider’s take: You should be pitching your capabilities to use digital billboards to feature graduating […]
On last week’s earnings call Sean Reilly reviewed Lamar’s top verticals: Our top three verticals are service, hospitals and restaurants. 1,2 and 3 are looking strong…Service is primarily attorneys. We’re getting a lot of inbound from attorneys…There are other services – things like pest control, home and office cleaning…and we’re […]
“We were off to a strong start to 2020. Then over course the coronavirus pandemic adversely affected us and our customers in late March and through April. We have used that time to prepare the company for the downturn and ensure we emerge even stronger on the other side.” That’s […]
There has never been a more important time to acknowledge the work of nurses. In commemoration of National Nurses Week, Lamar has dedicated space on its digital billboard network across the country to display artwork celebrating the work of these heroes. Created by Denver street artist Austin Zucchini Fowlers, […]
“Sunlight is the best disinfectant.” William O. Douglas. Two tables below. The first table shows the 2019 stock performance of OUTFRONT (up 47%), Lamar (up 29%), the S&P 500 (up 29%) and Clear Channel Outdoor (down 43%). The second table shows the 2019 compensation of Lamar, OUTFRONT and Clear Channel […]
Sean Reilly tells investor conferences that he’s managed through three recessions at Lamar. It’s instructive to look at what Lamar did during the last recession for tips on how to weather the covid-19 recession. From 2007-2009, Lamar’s revenue declined by 12% and cashflow declined by 18%, but the corporate cashflow […]
Baton Rouge, LA – April 16, 2020 – Lamar Advertising Company (Nasdaq: LAMR) today announced that the company is supplying vinyl billboard material for conversion into personal protective equipment (PPE) for immediate use by healthcare workers caring for COVID-19 patients at medical facilities across Louisiana. Lamar has joined forces with […]
Nancy Fletcher, President and CEO Emeritus of the OAAA has been nominated to join Lamar Advertising’s Board of Directors. Some other things Insider noted in Lamar’s proxy statement which was released Friday. Lamar’s Board Will Have More Women and Fewer Insiders Women will account for 33% of 3 of Lamar’s […]
PETA has purchased Lamar stock to raise a fuss about Lamar refusing to run inflammatory PETA billboard advertising. Lamar stock will make a great investment for the folks at PETA but Insider doubt’s PETA will convince Lamar to run a divisive billboard campaign. Insider thinks Lamar CEO Sean Reilly […]
