Boston Omaha Stock Was Up 14.7% in the First Half of 2021 -- Here's Why
Shares of Boston Omaha (NASDAQ: BOMN) advanced 14.7% in the first six months of 2021, according to data from S&P Global Market Intelligence. The conglomerate, which owns and operates billboard, insurance, and broadband businesses, saw one of its minority investments soar, due to an initial public offering (IPO) in January.
One of the big reasons for Boston Omaha's rise, and why the stock was up 70% year to date in February, was the IPO of Dream Finders Homes (NASDAQ: DFH). From 2017-2019, Boston Omaha invested $22 million into Dream Finders Homes, and the 4.8 million shares it now owns are currently worth just under $100 million. Boston Omaha's market cap is only $876 million, so the gain from this investment is very meaningful to its intrinsic value.
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Source Fool.com
