Professional
Added to YB: 2024-12-09
Pitch date: 2024-12-07
BOC [bullish]
Boston Omaha Corporation
-8.64%
current return
Author Info
Bossert Capital makes long-term investments in a concentrated group of high-quality, competitively advantaged businesses. Follow the founder on Twitter.
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
$14.82
Price Target
29.00 (+114%)
Dividend
N/A
EV/EBITDA
11.32
P/E
-1.2K
EV/Sales
3.55
Sector
Media
Category
value
BOC: Hidden Value in Outdoor Advertising, Broadband, and Aviation Real Estate
BOC: Holding co w/ outdoor ads, rural broadband, aviation real estate ($SKYH stake), insurance. Undervalued at $15 vs $25-$29 fair value. FCF growth expected: $29m 2025, $39m 2026. 8.8x 2025 FCF, 6.5x 2026 FCF. CEO Adam Peterson aligned w/ shareholders. Insiders buying. Strong moats. Ongoing buybacks.
Read full article (2 min)