Thread by @talkcentss

The Next 10x Company

‘Don’t miss this opportunity’

• Advertising
• Insurance
• Telecommunications
• Investments

Why I’m buying $1000 worth

(Thread) 👇🏽

• Introduction

‘Boston Omaha Corporation’

is a public holding company, their objective is to grow intrinsic value per share + strong financials.

They are engaged in several sectors through:

• Wholly owned subsidiaries
• Minority stakes

What’s the difference?

• Glossary

-Wholly owned Subsidiary

A company whose common stock is 100% owned by another company, the parent company.

- Minority Stake

Minority interest refers to having an ownership stake in a company that is less than 50% of the total shares in terms of voting rights

• Structure

Boston Omaha runs their ship like this:

• Businesses:

-Advertising
-Insurance
-Telecommunications

• Investments:

-Real estate
-Bank
-Homebuilding

Let’s explore 👇🏽

• Advertising

Link Media Outdoor is an out of home advertising company, focusing on static vinyl and digital billboards, in mid and large sized markets, across the United States.

$BOMN owns 100% of Link

-Link Media Outdoor’s Financials

Contributed 54% to $BOMN Q1 2021 revenue ($ 7 153 685 )

Down 9% from Q1 2020
($7 215 766)

• Insurance

General Indemnity Group is a wholly owned subsidiary of $BOMN

They specialize in acquiring and operating companies that underwrite and distribute insurance products.

-General Indemnity Financials

Premiums earned- contributed:
13.5% to $BOMN Q1 2021 revenue
($1 786 564)

Down 48% from Q1 2020
($3 454 058)

• Telecommunications

$BOMN acquired 90% of AireBeam, which serves communities in southern Arizona with high-speed, fixed wireless internet.

They have a 90% ownership stake through a wholly owned subsidiary

This is their primary focus at the moment.

-AireBeam Financials

Contributed 28% to revenue in Q1 2021 ($ 3 795 037)

Up 1320% from Q1 2020
($267 251)

• $BOMN Investments

They’re not only buying wholly owned businesses, but also buying minority stakes in smaller businesses.

Replicating @WarrenBuffett strategy

Let’s look at some of them👇🏽

• Dream Finders Homes

$BOMN made a $10million investment into Dream Finders home for a 5% stake, which has grown to over $100million

Dream Finders home specializes in home construction and provides home buyers with a variety of homes to choose from.

• Real Estate

Logic Commercial Real Estate is a full-service firm specializing in

-Brokerage
-Property Management
-Capital Markets
-Receivership Services

They provide comprehensive solutions, support, and value for their clients.

• Crescent Bank

Crescent Bank offers auto loans + business and local banking services to the greater New Orleans area.

It’s a privately held bank that Boston Omaha has bought into.

• Boston Omaha Corporation

‘Group Revenue’

2021 Q1 Revenue:
$13 205 019 ($13.2million)

Up 15.7% from Q1 2020

Shares outstanding: 29 576 115
Price: $32.27
Valued at $954million

-Strong Growth in Telecom
-Weaker growth in insurance
-Stable Billboard income

• Assets and Liabilities

Total assets: $750 104 244
Total Liabilities: $135 499 641

Shareholders Equity:
$465 345 032

Up 22% from Q1 2020

P/E ratio : 7.45
EPS: $4

That’s it for now, follow me @talkcentss for more 10x investment ideas.

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• Summary

- Next 10X Investment
- Replicating Warren Buffet
- Growing Revenue
- Operating in the US
- 3 Core Businesses
- Minority stakes