Clear Channel Outdoor Holdings, Inc.

  • Follow the Signs

    By Dan Moskowitz - July 29, 2013 | Tickers: CCO, LAMR, OMC

    The next time you take a road trip, pay attention to the billboards. Don’t just look at the actual billboard, where you might find a cow telling you to eat more chicken, look at the bottom of the billboard. You might see the name Lamar, which stands for Lamar Advertising (NASDAQ: LAMR).

    The good news

    In addition to digital, transit, and special product advertising, Lamar is a big player more »

  • Billionaire Steve Cohen’s SAC Has Been Buying This Advertising Stock

    By Meena Krishnamsetty - June 27, 2013 | Tickers: CBS, CCO, LAMR, NCMI, VCI

    A 13G filed with the SEC has disclosed that billionaire Steve Cohen’s SAC Capital Advisors owns 4.2 million shares of Lamar Advertising (NASDAQ: LAMR), giving the fund a 5.3% stake in the $4.1 billion market cap outdoor advertising company with a primary focus on billboard advertising. We track SAC’s quarterly 13F filings alongside those of hundreds of other hedge funds as part of our work more »

  • How Market Leadership Enables This Company to Earn Outsized Profits

    By Ted Cooper - June 14, 2013 | Tickers: CBS, CCO, LAMR

    Investors seeking safety of principle and long-term out-performance would do well to only buy companies that dominate their markets. Market leaders often earn outsized profits and dictate what the rest of the market participants can or cannot do. This sets the market leader up for long-term success.

    Market leaders include well-known companies like Coca-Cola in carbonated beverages, PepsiCo in salty snacks, and American Express in consumer credit. Each of these more »

  • Pandora's Music Service Still Beats All Others

    By Stephanie Faris - May 29, 2013 | Tickers: CCO, P, SIRI

    Pandora Media (NYSE: P) emerged in 2005 with its Pandora Radio "music genome project." The online streaming service went beyond simply airing straight radio, adding a thumbs-up, thumbs-down approach that allowed listeners to create radio stations that match their own personal music tastes.

    It's a model that is as-yet unmatched in the streaming-radio market. Apps like Spotify and iHeartRadio have given it a try, but Pandora boasts 200 million more »

  • Two Companies and Solvency: Which Moody's Downgrade is More Likely to Default

    By Michael Nolan - May 17, 2013 | Tickers: CCO, SVU

    With the recent downgrading of two major corporations – Clear Channel (NYSE: CCO) and Supervalu (NYSE: SVU) – by Moody’s (both companies were downgraded to Caa1, or, as defined by Moody’s, “rated as poor quality and very high credit risk,”) which one has potentially worse solvency issues? Which is at higher risk of default? Using three metrics to measure potential solvency issues, we can try to see which company may more »

  • The Best Stock in Outdoor Advertising

    By Ted Cooper - April 15, 2013 | Tickers: CBS, CCO, LAMR

    Few companies exist today that dominate their core markets like Lamar Advertising (NASDAQ: LAMR). Alongside its primary domestic rivals, Clear Channel Outdoor Holdings (NYSE: CCO) and CBS Corp. (NYSE: CBS), Lamar benefits from structural advantages inherent in outdoor advertising.

    Favorable product economics

    For instance, the Highway Beautification Act of 1965 requires the federal government to stop sending highway funds to states that do not restrict outdoor advertising along interstate and more »

  • The Best Stock in Outdoor Advertising

    By Ted Cooper - April 15, 2013 | Tickers: CBS, CCO, LAMR

    Few companies exist today that dominate their core markets like Lamar Advertising (NASDAQ: LAMR). Alongside its primary domestic rivals, Clear Channel Outdoor Holdings (NYSE: CCO) and CBS Corp. (NYSE: CBS), Lamar benefits from structural advantages inherent in outdoor advertising.

    Favorable product economics

    For instance, the Highway Beautification Act of 1965 requires the federal government to stop sending highway funds to states that do not restrict outdoor advertising along interstate and more »

  • The Best Stock in Outdoor Advertising

    By Ted Cooper - April 14, 2013 | Tickers: CBS, CCO, LAMR

    Few companies exist today that dominate their core markets like Lamar Advertising Co (NASDAQ: LAMR). Alongside its primary domestic rivals, Clear Channel Outdoor Holdings (NYSE: CCO) and CBS Corporation (NYSE: CBS), Lamar benefits from structural advantages inherent in outdoor advertising.

    Favorable product economics

    For instance, the Highway Beautification Act of 1965 requires the federal government to stop sending highway funds to states who do not restrict outdoor advertising along interstate more »

  • Hedge Fund Manager David Abrams’ Top Small-Cap Picks

    By Meena Krishnamsetty - January 17, 2013 | Tickers: ARB, CBS, CCO, LAMR, WAIR

    Hedge funds generate a significant portion of their alpha in their small-cap investments, primarily because there is less publicly available information about these stocks. At Insider Monkey, we've empirically tested this phenomenon, and according to our own analysis, investing in hedge funds’ top small-cap picks has generated an alpha of about 120 basis points per month.

    We started publishing a quarterly newsletter at the end of August, and since more »

  • 23% Stock Gain If the Deal Goes Through

    By Mike Thiessen - January 11, 2013 | Tickers: ARB, CCO, KKR, NLSN

    In mid-December of 2012, New York-based television ratings arbiter Nielsen Holdings (NYSE: NLSN) made a formal offer to purchase leading radio-marketing firm Arbitron (NYSE: ARB) in an all-cash deal valued at nearly $1.3 billion. If the deal is approved, the television company will extend cash payments of $48 per share to existing Arbitron shareholders. According to sources within the Nielsen organization, the merger will be funded entirely with cash more »

  • Hedge Fund Canyon Capital’s Top Stock Picks

    By Meena Krishnamsetty - January 2, 2013 | Tickers: BLC, CCO, DV, JACK, PKG

    Canyon Capital Advisors was founded in 1990 by Josh Friedman and Mitch Julis and has since grown to $19 billion in assets under management. Before co-founding Canyon, the two had worked together at Drexel Burnham Lambert; Friedman had worked in high yield and private placements following a stint at M&A at Goldman Sachs while Julis worked with distressed and special situation securities. Both are graduates of Harvard’s joint more »

  • An Insider Sells Off This Advertiser

    By Meena Krishnamsetty - November 25, 2012 | Tickers: CBS, CCO, LAMR, NXST, NWSA

    Lamar Advertising (NASDAQ: LAMR) saw director Wendell Reilly selling over 200,000 shares over a period of two days this past week. Reilly has been the managing partner of Grapevine Partners since 2000, and is also a director of Brown & Brown Inc. In a Form 4 filing recently disclosed to the SEC, Reilly sold 90% of his and a family trust's shares of Lamar in the range of $40 more »

  • Too Late To The Party?

    By AnnaLisa Kraft - October 17, 2012 | Tickers: CBS, CCO, LAMR | Editor's Choice

    You’ve arrived at the party, not so early enough that you’ve surprised your hostess in her bathrobe, but just early enough that the shrimp platter has just been put out, the appetizers are steaming hot, and the good bubbly is delightfully cold. More guests are beginning to arrive and there’s a jazzy atmosphere beginning to develop. You want to stay a while longer at this point. Then more »

  • Does David Abrams Think Lamar Advertising is Overpriced Now?

    By Meena Krishnamsetty - September 7, 2012 | Tickers: CBS, CCO, LAMR, NFLX, TK

    Abrams Capital Management, run by ex-Baupost Group employee David Abrams, owns over 10% of the outstanding shares of Lamar Advertising (NASDAQ: LAMR) and so must file with the SEC when it makes large changes to its position. On August 31st and September 4th, the fund sold a total of about 100,000 shares at an average price of $33.27. This still left Abrams with over 8 million more »

  • Don't Open Pandora's Box

    By Jonathan Lim - August 31, 2012 | Tickers: CCMO.PK, CCO, FB, LYV, P

    Single-letter ticker symbols used to mean something. Companies that possessed them were bulwarks of the economy, including household names such as Sears during its heyday, and they were associated with a certain level of stability and reliability. But now more than ever, you can’t judge a stock by its ticker symbol. Pandora (NYSE: P) is one such case, having taken investors on a roller coaster ride since its initial more »

  • Liberty 'Interferences' Not Beneficial To Sirius At All

    By Bobby Fisher - June 25, 2012 | Tickers: CCO, P, FENG, SIRI, STRZA

    Sirius XM Radio (NASDAQ: SIRI) is fighting hard to keep Liberty Media (NASDAQ: STRZA) from taking it over. This drama has been unfolding over the last few months. Liberty Media is the biggest shareholder for Sirius, and it has been expressing the desire to take complete control of Sirius. Liberty Media made its intentions officially known when it declared that it would buy more stocks in the company. It even more »

  • Howard Stern is Sirius XM's White Knight

    By Maxwell Fisher - May 29, 2012 | Tickers: CCO, P, SIRI

    Howard Stern has quickly become America's most empathetic talent judge, and the mop topped shock jock has shed some much-needed light on Sirius XM (NASDAQ: SIRI) and its renewed focus on proprietary, premium content. Will broadcasting more live and special events help to distance the satellite radio giant from the rest of the digital music streamers?

    In Sirius XM's favor, not only is NBC's hit show exposing more »

  • Sirius: What Howard Stern's Appeal, Karmazin's Cash Out Mean for Investors

    By Maxwell Fisher - May 11, 2012 | Tickers: AAPL, CCO, CMLS, P, SIRI

    As expected, Howard Stern and his agent have appealed a New York state court judge's dismissal of their breach of contract suit against Sirius XM (NASDAQ: SIRI). On April 16, Justice Barbara Kapnick threw out the suit that alleged Sirius owed the shock jock, his company One Twelve, and agent Don Buchwald hundreds of millions dollars because it breached a contract.

    When she dismissed the suit, Kapnick bought Sirius more »

  • Please do not Read if Superstitious

    By Andrew Dillard - March 2, 2012 | Tickers: CCO, GPS, MWW

    Superstition is an intriguing topic.  There are countless beliefs that people hold that all have varying degree of meaning and interpretation. Superstitions such as a bird in the house is a sign of death, a horseshoe hung in the bedroom will keep bad dreams away and never light three cigarettes with the same match are beliefs that may be a bit extreme, but there are other superstitions that are so more »