Outfront Media: 8.7% Yielder Will Give You A Raise, But Don't Get Too Excited
OUTOUTFRONT Media(OUT) Seeking Alpha·2024-06-10 00:36
Gary Yeowell/DigitalVision via Getty Images In our previous coverage of Outfront Media (NYSE:OUT), we weighed the positives of the high yield and the monopoly-like business, versus the very real negatives that we saw. Those negatives were concentrated within leverage and a rather non-REIT like cyclicality of earnings. Ultimately, we called it a "great point to cash out" as the stock had a nice rally off the lows.  We now rate Outfront Media Inc. stock a Sell and would get more constructive if leverage c ...