|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||25.66 - 26.50|
|52 Week Range||14.56 - 49.92|
|Beta (5Y Monthly)||0.48|
|PE Ratio (TTM)||1,442.78|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In his most recent letter to Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) shareholders, Warren Buffett spelled out some of the biggest reasons many conglomerates have been bad investments over the years, and how Berkshire is different. Obviously, if it were easy to find the next company that would grow from a small holding company into a half-trillion-dollar conglomerate, everyone would be loading up on shares. Nobody has a crystal ball that can find the next Berkshire, but one company, Boston Omaha Corporation (NASDAQ: BOMN), seems to be taking Warren Buffett's advice on how a conglomerate should operate.
Boston Omaha (NASDAQ: BOMN) is a company unlike any other in the market. Often compared to an early stage Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), Boston Omaha owns a few subsidiary businesses, has minority stakes in a few others, and owns a portfolio of common stock investments. It also has a special purpose acquisition company, or SPAC, that it sponsors called Yellowstone Acquisition (NASDAQ: YSAC), which is still looking for a company to take public.
The problem is, businesses that fit the "never sell" category are few and far between. It takes strong management, a long-term time horizon, and undisruptable business models. Two stocks that fit these criteria are Boston Omaha (NASDAQ: BOMN) and Nelnet (NYSE: NNI).