Added to YB: 2026-08-04
Pitch date: 2026-07-31
BOC [neutral]
Boston Omaha Corporation
+0.84%
current return
Author Info
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Company Info
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States.
Market Cap
$428.4M
Pitch Price
$14.34
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.20
P/E
-31.45
EV/Sales
4.10
Sector
Media
Category
value
United States: Boston Omaha ($BOC) – A Baby Berkshire Nobody Wants?
BOC (overview): 'Baby Berkshire' holdco at $475M mcap. Rev/share 22.4% CAGR (2016-25) but stock -74% on negative FCF from broadband buildout. 4 locomotives: billboards (Link, 6th largest, 45% margins), fiber, insurance (selling GIG for $84.3M), Sky Harbour ~15% stake. ~13x FCF/7.5% yield ex-stakes; SOTP floor covers price via billboards+fiber alone. Buybacks $30M. Author bullish but hasn't bought — wants broadband inflection in reported cash. Risks: serial reinvestment deferring payoff, Rozek buyout stung trust.
Read full article (7 min)