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Holly LaFon
Holly LaFon
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Mason Hawkins Comments on Lamar Advertising

August 13, 2013 | About:

We also sold Lamar Advertising (NASDAQ:LAMR) as it reached our appraisal. We bought Lamar in 2011 at an average cost of $26, trimmed the position as it grew, and fully sold it in the second quarter at an average price of $48 per share. Lamar's strong outdoor advertising positions in its markets helped revenue growth as the economy recovered. Management's effective cost control and decision to explore converting to a REIT also caused the stock's move to value.

From Mason Hawkins' semi-annual 2013 report.


Rating: 3.0/5 (2 votes)

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