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 […]
Lamar is running a campaign thanking caregivers, delivery drivers, first responders, restaurant workers and public safety employees. Grace Outdoor is running PSA’s thanking healthcare workers and encouraging people to stay home and to pray. iKahan is thanking healthcare workers and grocery store workers. Looks like quite a few people […]
“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 […]
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 […]
This LinkedIn post by Lamar Little Rock Sales Manager Sam Cooper caught Insider’s eye. How are you changing your sales emphasis based on coronavirus? Are you advising clients on how they should change their digital messaging? Daktronics is providing free digital billboard PSA content to LED sign owners to help […]
Lamar CEO Sean Reilly was entertaining as ever at Wednesday’s Morgan Stanley Tech, Media and Telecom Conference. Some of the highlights. On taking share from local TV and radio I think it’s the next shoe to drop. I’ve seen it in what has happened to print…Our fastest growing and largest […]
Insider has compiled a list of the top 20 US out of home companies ranked by bulletin and poster faces. Three caveats: (1) We left indoor, place-based, transit and airports off the list. That’s for a future post. (2) A face is a face is a face (no premium for […]
On last week’s conference call, Lamar CEO Sean Reilly projected 3.5-4.0% revenue growth during 2020. It’s illuminating to see where he thinks Lamar’s growth comes from. Here’s the detail. Reilly expects organic sales to grow by $52 million or 3%. This is slightly in excess of the US inflation rate […]
Lamar announced 4th quarter and full year earnings yesterday. Here are the highlights from the earnings release and conference call. CEO Sean Reilly recapped the year:” 2019 was a solid year for Lamar as we successfully integrated the Fairway, Ashby Street and Mid-America acquisitions, adding nine new markets across the […]
Because it’s Friday, here’s Insider’s light-hearted guide to the Lamar, OUTFRONT and Clear Channel Outdoor codes of business ethics and conduct. You can find links to each code of conduct at the end of this article. No, we didn’t make the quotes up. The we are not WeWork clause (OUTFRONT) […]
