It Figures

What Created Market Misunderstandings About Lamar Advertising?

Very nice analysis and summary.

While I'm sure there are some who came to their negative conclusions based on these factors, you may be underestimating the more human aspects. There are a great many so called investors who simply can't get beyond Q1 revenues feared to be down 15%, especially when accompanied by "questions" about LAMR possibly violating covenants. In other words, fear and momentum are as important these days as fundamentals in understanding recent performance.

You obviously did your homework. Thank you.

And for the record, I think "billboard guy" nailed it as well.