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Clear Channel Outdoor Holdings Inc. Message Board

  • investora2z investora2z Sep 19, 2013 6:29 AM Flag

    Has moved a little...

    Clear Channel has moved about 3% over one month, and there have been some high volume days recently to support the upward movement. The earnings could not do much for the stock despite the fact that the company posted a net profit after two quarters of losses. The crash in June had dented the sentiments, but stock is still up by 45% on a 52 week basis. Fundamentally, the revenue on ttm basis is $2.95 billion, and the gross profit is $1.34 billion. The company is carrying a net loss of around $200 million on a ttm basis, but that is mainly because of the $248 million impairment hit in the fourth quarter of 2012 on account of extinguishment of debt. The debt on books and declining cash position is a bit of a worry. So the fundamentals are not that robust, and one good quarter cannot be expected to change the sentiments. It needs a few more quarters of good growth in top and bottom-line so that investors see some consistency in the performance. Going by the ttm figures, the topline is not expected to show too much growth, though the bottom-line may show some improvement. Growth is not easy due to the competition in the industry which keeps the margins under pressure. The outdoor advertising giants like Lamar (LAMR) and CBS (CBS) provide direct competition. The industry also faces competition from other segments like online advertising. Social media is increasingly being used by advertisers to spread awareness about their products & services. Celebrity influence is being used to encourage people to use the product / services. IZEA (IZEA), a company active in the social media sponsorship space, recently reported results of a survey which point to increasing popularity of native advertising. Meanwhile, insidermonkey reported the hedge fund activity related to Clear Channel which indicated some bullishness in the stance of the smart money. That is a bit encouraging.

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