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Lamar Advertising Company is an outdoor advertising company which operates billboards, logo signs, and transit displays in the United States and Canada. [2] The company was founded in 1902 by Charles W. Lamar and J.M. Coe, and is headquartered in Baton Rouge, Louisiana. [3] The company has over 200 locations in the United States and Canada.
Lamar Advertising's (LAMR) diverse revenue base and portfolio upgrade over the years position the company favorably. Yet, reduced demand and high debt level are concerns.
The stock of Lamar Advertising Co (NAS:LAMR, 30-year Financials) is estimated to be significantly overvalued, according to GuruFocus Value calculation.
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Lamar's (LAMR) Q2 results reflect higher-than-anticipated revenues, with continued sales momentum across its billboard, transit and airport and logos businesses.
Prior to 2000, the company operated as Bowlin Outdoor Advertising & Travel Centers Inc., however the Outdoor Advertising division was sold to Lamar Advertising in a stock swap valued at $27.2 million.
Lamar Advertising (LAMR) Q1 results highlight growth in revenues, EBITDA and free cash flows, as well as benefits from strategic asset acquisitions.