JCDXF - Clear Channel Outdoor Has A Clear Path Forward For Unlocking Shareholder Value
Clear Channel Outdoor Holdings (NYSE: CCO) has recently separated itself from iHeartMedia (IHRT). However, as of today, it remains overly leveraged, which significantly increases its risk profile. This puts CCO is at a crucial point in history. If the company unwinds its debt while growing its revenues, it could signal a massive opportunity for investors at these levels. Also, JCDecaux (JCDXF) recently mentioned it was interested in CCO's assets. So, there's an M&A angle in CCO as well. Finally, I believe that CCO’s valuation makes sense given the current interest