Professional
Added to YB: 2024-08-22
Pitch date: 2024-08-21
BOC [bullish]
Boston Omaha Corporation
+1.8%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States.
Market Cap
$362.0M
Pitch Price
$13.30
Price Target
22.87 (+69%)
Dividend
N/A
EV/EBITDA
11.32
P/E
-1.2K
EV/Sales
3.55
Sector
Media
Category
value
River Oaks Capital Portfolio Holding: Boston Omaha Corporation
BOC: Holding co. w/ 4 segments: Billboard, Insurance, Broadband, Asset Mgmt. $410M mkt cap. Co-CEO exit, asset mgmt wind-down. Sole CEO Adam Peterson focused on core biz. Billboards valued $325M+, rural broadband $175M+ invested, Sky Harbour stake $135M. ~11-14% FCF yield. $20M buyback. 70%+ upside potential.
Read full article (6 min)