Boston Omaha Corp (BOMN) – A Buffett Stock Warren Buffett Probably Wouldn’t Buy

The author of this article is SHORT Boston Omaha Corp. (NASDAQ: BOMN)

OVERVIEW

Boston Omaha Corp. (NASDAQ: BOMN) has been trading at new highs and is considered by some to be a ”Buffett” stock…..but at this valuation we doubt Warren Buffet would be a buyer.

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BOMN is an investment vehicle that is managed by co-managed by Adam K Peterson (35) and Alex Buffett Rozek (38), who is a grandnephew of Warren Buffett.  Importantly, Warren has no involvement with the BOMN.   Since IPOing in June 2017 at $13 (midpoint of the range) the stock is up 150% (despite not having done very much in the way of investing).  The stock was recently written up in...