|Bid||24.94 x 900|
|Ask||25.14 x 800|
|Day's Range||24.94 - 25.18|
|52 Week Range||14.56 - 49.92|
|Beta (5Y Monthly)||0.48|
|PE Ratio (TTM)||1,398.89|
|Earnings Date||Mar 29, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.00|
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.
Boston Omaha Corporation (NASDAQ: BOMN) ("Boston Omaha" or the "Company") today announced the closing of its previously announced underwritten public offering of its Class A common stock, par value $0.001 per share ("Class A common stock"), at a price to the public of $25.00 per share, for a total of 2,645,000 shares, of which 2,345,000 shares were sold by the Company, including 345,000 shares issued as a result of the underwriters’ exercise in full of their option to purchase additional shares, and 300,000 shares were sold by a selling stockholder. The offering results in total gross proceeds to Boston Omaha from the offering of approximately $58.6 million, before deducting the underwriting discount and offering expenses. Boston Omaha will not receive any of the proceeds from the sale of shares by the selling stockholder.