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Strategies & Market Trends : Roger's 1998 Short Picks

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To: TAPDOG who wrote (18373)8/16/1999 12:54:00 AM
From: Roger A. Babb  Read Replies (2) of 18691
 
Tap, I just had another look at LAMR fundamentals. If you add the debt plus revenue, it is valued somewhere around 4 billion for owning 100,000 signs or about $40,000 per sign. They paid almost double that for the signs just purchased in the merger. But total revenue for last year was under $5000 per sign and they lost money. What am I missing here? How can a sign be worth 8 times revenue?
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