Recs

0

Clear Channel Outdoor's Shares Plunged: What You Need to Know

By Anders Bylund (TMF Zahrim) | More Articles
November 1, 2011 | Comments (0)

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Mr. Market turned a blind eye to billboard-advertising veteran Clear Channel Outdoor (NYSE: CCO  ) on Tuesday. Share prices fell as much as 16.3% on heavy volume.

So what: Despite an impressive 8% year-over-year revenue leap, Clear Channel's $0.01 of earnings per share fell far short of the $0.06 analyst view. The domestic market is flat while international sales are booming, but higher site lease costs drove up expenses and eviscerated the bottom line.

Now what: Clear Channel is rolling out lots of digital billboards around the globe, because that's where the future is. When you're competing with Google (Nasdaq: GOOG  ) and ValueClick (Nasdaq: VCLK  ) just as much as with traditional rivals Lamar Advertising (Nasdaq: LAMR  ) or Interpublic (NYSE: IPG  ) , it just won't do to leave a good technology play untouched. New CEO Bob Pittman surely has a ton of work to do (and please stop calling him Shirley!), but perhaps there's some life in this old clunker of an ad shop yet.

Interested in more info about Clear Channel Outdoor? Add it to My Watchlist.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Anders Bylund owns shares of Google, but he holds no other position in any company mentioned. The Motley Fool owns, and Motley Fool newsletter services have recommended buying, shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.


Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

DocumentId: 1581762, ~/Articles/ArticleHandler.aspx, 5/27/2012 12:26:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 12,454.83 -74.92 -0.60%
S&P 500 1,317.82 -2.86 -0.22%
NASD 2,837.53 -1.85 -0.07%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/25/2012 4:00 PM
LAMR $24.99 Down -0.23 -0.91%
Lamar Advertising… CAPS Rating: *
VCLK $17.29 Down -0.08 -0.46%
ValueClick, Inc. CAPS Rating: ***
IPG $10.74 Down -0.05 -0.46%
The Interpublic Gr… CAPS Rating: ****
CCO $6.51 Down -0.08 -1.21%
Clear Channel Outd… CAPS Rating: **
GOOG $591.53 Down -12.13 -2.01%
Google CAPS Rating: ****

Advertisement