+ Watch LAMR
on My Watchlist
An outdoor advertising company that operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
Way too expensive! Sales are growing at a little under 3.5%. But the P/E is 429. Before anybody yells, "Sales are expected to pick-up because of growth in digital billboard advertising!" Let's do a little math. Let's say sales do pick up and they get to a point where they're earning $2 per share. Divide the share price $38.64 by $2 that gives you a P/E of around 19. That's still too expensive in my opinion. But if the P/E and sales growth get to where they're matching that's when I'll end this call. Until then, I can't picture this one beating the market. By the way, they also have a lot of debt. 63 times more long term debt than cash. Happy holidays everybody :)
the reason it's up so much is coming REIT status, I believe. That will increase the dividend a TON and the market will value the stock more like a very variable bond than a stock...anyways just a warning.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions