Clear Channel Outdoor Ripped by Zacks
According to Zacks, an Investment Research group, “today’s ‘Bear of the Day’ is an example a another company with over a century of existence that is failing to adapt to a changing environment.” Performance like Clear Channel Outdoor draws a Zacks Rank #5 (Strong Sell).
an example a another company with over a century of existence
that is failing to adapt to a changing environment.
“Over a period in which the S&P 500 has nearly tripled in value, gaining 187%,
Clear Channel has lost 75% of it’s value, trading recently just north of $5/share.”
“Clear Channel Outdoor Holdings is the country’s largest outdoor advertising company with roots that go back all the way to 1901.
The company’s business is extremely simple – selling advertising space on
billboards, posters, buses and trains and in airports.”
“It hasn’t been great business lately. “
BB’s note: This Zacks Researcher has a great deal to learn about the Outdoor Advertising business, as there are clearly points made on OOH which are outdated, if not untrue, which leads one to doubt the insights on CCO fiscally. Read to gain another’s view point on one of the Big 3 and perspective of our Industry.
Check out the story by clicking on the link ⇒ ‘Bear of the Day’ —Clear Channel Outdoor.