Lamar Revenue up 3% first quarter 2014

Lamar announced that first quarter 2014 revenues increased 3% to $285 million for the first quarter of 2014. The 3% revenue growth was below market expectations and below the 4% growth for the us outdoor industry during 2013. At 5/8/14 Lamar had a gross value of $6.5 million which equates to 5.27 times revenue or 12.27 times cashflow. I like to follow Lamar because it is less reliant on overseas operations or airport/transit advertising so the valuation tells me what public markets think billboards are worth.