Why Is Boston Omaha Soaring on Wednesday?

·2-min read
Why Is Boston Omaha Soaring on Wednesday?

One potential explanation for the surge in investor interest is a Barrons article published on Sunday that highlighted the fact that Boston Omaha's co-CEO Alex Rozek is Warren Buffett's grandnephew, and that he is beating the returns of his great uncle's company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) so far this year. After all, Buffett has a track record of stellar returns that extends back to the mid-1960s. Boston Omaha's second-quarter results looked spectacular, its SPAC recently found an acquisition target, and its fast-growing broadband business launched a new subsidiary last week, Fast Fiber Homes, which has the potential to build a massive recurring revenue stream.

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