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6 pts

Opinion on  Lamar Advertising Company (LAMR)     Sector: Services  >  Industry: Advertising
Overvalued

Jul 27, 2008 10:32 PM GMT
Return Risk
+14.31% MID
Analyst

LAMR trades with a PE of 100.  They do billboards/signs.  Yawn.  GOOG recently reported fewer people clicking on ads and was given a 15% haircut.  GOOG now trades at a 33 PE and pretty much owns the US internet search market.  If a 33 PE were a fair value for LAMR, it would be trading at $13/share.  LAMR is way overvalued.  Some funds like SPO Advisory have been buying LAMR, and a lot of it.   They have ridden LAMR down from $50+ to a 3-handle.  I believe LAMR has more downside until it is fairly valued.


LAMR:  This call was made on 07/27/08 @ $37.08
Rating:   Negative   $37.08 (07/27/08)
Gain/Loss:   +33.63% in 1400 days


Comments (3)

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lehua777   N/A     1 point   commented 747 days ago reply

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tangguoq   N/A     1 point   commented 703 days ago reply

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ozipek   N/A     1 point   commented 406 days ago reply

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