gfp Posted August 21, 2017 Share Posted August 21, 2017 Looks like Rozek picked up a few shares through his partnership Boulderado - https://www.sec.gov/Archives/edgar/data/1475272/000144586617001255/xslF345X03/form4.xml Link to comment Share on other sites More sharing options...
Dustin T Posted August 22, 2017 Share Posted August 22, 2017 Reasonably well done write up on Seeking Alpha https://seekingalpha.com/instablog/17621312-thomas-bachrach-cfa/5024793-boston-omaha-aligned-management-potential-compound Link to comment Share on other sites More sharing options...
Tim Eriksen Posted September 21, 2017 Share Posted September 21, 2017 Anybody planning on attending the annual meeting on Oct. 7?? Link to comment Share on other sites More sharing options...
Jurgis Posted September 21, 2017 Share Posted September 21, 2017 I may attend. Link to comment Share on other sites More sharing options...
dyow Posted September 21, 2017 Share Posted September 21, 2017 100%. This is a must have stock at ANY price. The name alone deserves multiples of book value. Link to comment Share on other sites More sharing options...
John Hjorth Posted September 21, 2017 Share Posted September 21, 2017 ... This is a must have stock at ANY price. The name alone deserves multiples of book value. ... Absolutely not. - No matter the stock. Link to comment Share on other sites More sharing options...
Gregmal Posted September 21, 2017 Share Posted September 21, 2017 I feel like this is nothing but a story stock at the current moment. I don't see any "value", and I see a rather generous compensation arrangement for the managers. Nothing against these guys at all; I do not know them. But if I could collect a penny for every asset manager/fund/business out there who's reeled in a dollar quoting Buffett and mimicking not only the language but the supposed investing style, I'd be a billionaire. That's not to say this won't go up, or won't eventually grow into something valuable, but I think there are better places for serious money. Link to comment Share on other sites More sharing options...
oddballstocks Posted September 22, 2017 Share Posted September 22, 2017 It's an interesting name, I've looked at it a few times. Not sure what to make of it. Regarding the comp, I tend to agree. I can't fault someone for wanting to reap some of the rewards of their hard work, I also see the other side. As someone building my own business I try to minimize what I take out so that I can re-invest anything and everything to grow. I'm not sure if this same dynamic exists for investment managers too or not. I would think it might, you want the pile to grow further so at some point your draw is larger on an absolute dollar basis, but small on a percentage basis. I get that Buffett has invested in this thing, so there's that great-uncle shine aspect. But two younger guys paying themselves $275k? For most of America that's more than a CEO of a $30m private company will make. I think expectations need to be tethered to reality here. Link to comment Share on other sites More sharing options...
gfp Posted September 22, 2017 Share Posted September 22, 2017 I get that Buffett has invested in this thing, so there's that great-uncle shine aspect. Do we know that Warren Buffett has invested in this? My apologies if I missed it discussed earlier, but how do we know? Link to comment Share on other sites More sharing options...
eclecticvalue Posted September 22, 2017 Share Posted September 22, 2017 There is an annual meeting on Oct 7th. http://mailchi.mp/5729d69a3dcc/2017-boston-omaha-second-annual-shareholder-meeting?e=38867d65b3 Link to comment Share on other sites More sharing options...
oddballstocks Posted September 22, 2017 Share Posted September 22, 2017 I get that Buffett has invested in this thing, so there's that great-uncle shine aspect. Do we know that Warren Buffett has invested in this? My apologies if I missed it discussed earlier, but how do we know? It's his nephew. I don't remember if this is online or offline info on the investment. Link to comment Share on other sites More sharing options...
rkbabang Posted September 22, 2017 Share Posted September 22, 2017 I get that Buffett has invested in this thing, so there's that great-uncle shine aspect. Do we know that Warren Buffett has invested in this? My apologies if I missed it discussed earlier, but how do we know? It's his nephew. I don't remember if this is online or offline info on the investment. I know that it is his nephew, but has he invested? Not every rich uncle invests in his nephews businesses. Link to comment Share on other sites More sharing options...
AJB96 Posted September 25, 2017 Share Posted September 25, 2017 I will be at the annual meeting on October 7th. Link to comment Share on other sites More sharing options...
Tim Eriksen Posted September 26, 2017 Share Posted September 26, 2017 I booked travel arrangements and will be at the meeting as well as in town on Thursday and Friday. I guess I should actually buy a few shares (not that it is necessary). Link to comment Share on other sites More sharing options...
Steven B Posted September 27, 2017 Share Posted September 27, 2017 Please correct me if I'm wrong but I just don't see what the big deal is. Two random fund managers (fine, so one has a cool last name) got hold of a public company and bought billboards and an insurance company-what makes you think that they will compound? They talk the talk, but who doesn't these days (I really need to get out more)? Would one of the bulls please tell me what they see here. Thanks Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted September 27, 2017 Share Posted September 27, 2017 Please correct me if I'm wrong but I just don't see what the big deal is. Two random fund managers (fine, so one has a cool last name) got hold of a public company and bought billboards and an insurance company-what makes you think that they will compound? They talk the talk, but who doesn't these days (I really need to get out more)? Would one of the bulls please tell me what they see here. Thanks I'm not a bull, but at a hair under $2M in revenue last quarter this is definitely a "bet on management building something good" story. You really have to believe in their business acumen. I would actually be more comfortable with the business if they had a single capital allocator at the helm, but will concede that LUK did well for many years with a two man team. In my personal opinion this wouldn't be getting nearly as much attention if it didn't have the connections to Berkshire (Buffett's great nephew, "Omaha" in the name of the company). So, in sum, I agree with you. Link to comment Share on other sites More sharing options...
Dustin T Posted September 27, 2017 Share Posted September 27, 2017 Please correct me if I'm wrong but I just don't see what the big deal is. Two random fund managers (fine, so one has a cool last name) got hold of a public company and bought billboards and an insurance company-what makes you think that they will compound? They talk the talk, but who doesn't these days (I really need to get out more)? Would one of the bulls please tell me what they see here. Thanks I bought a small position, I wouldn't classify myself as a bull. I would bet that the most likely outcome as that this will be quite average. Two ways it may go up, a little bit of success coupled with championship bloodline may lead to irrational investor exuberance. Second it is possible that these guys are smart, hard working, and have a direct line to get advice from a legend which they will turn into above average performance. I look at this the same as my small positions in companies ran by CoB&F alumni. If I had to guess collectively most will be average, one may crash, but I like to think one of these guys will grow enough to make the whole basket worthwhile. Link to comment Share on other sites More sharing options...
Steven B Posted September 27, 2017 Share Posted September 27, 2017 Thanks guys. Funds or companies? Link to comment Share on other sites More sharing options...
Dustin T Posted September 27, 2017 Share Posted September 27, 2017 Thanks guys. Funds or companies? Assuming that questions is for me Companies. SYTE, SODI, PRDGF I've got small positions in all of them partly to keep an eye on them, partly because indications are they have at least the proper mindset and some history of investing success. Link to comment Share on other sites More sharing options...
bonkers Posted September 28, 2017 Share Posted September 28, 2017 If you're going to the BOMN annual meeting and arrive already on the previous evening (Friday Oct 6), come and join us for a meetup: http://www.cornerofberkshireandfairfax.ca/forum/events/boston-meetup-oct-6-at-600-p-m/ - bonkers Link to comment Share on other sites More sharing options...
Dustin T Posted October 8, 2017 Share Posted October 8, 2017 I'd be happy to hear the thoughts or impressions of those who went to the annual meeting. I may go to the one next year in Omaha as it's a lot closer to me. Does anyone care to share their thoughts? Link to comment Share on other sites More sharing options...
saltybit Posted November 27, 2017 Share Posted November 27, 2017 This has gone up by a lot recently. Does anyone know why? Link to comment Share on other sites More sharing options...
Dustin T Posted November 27, 2017 Share Posted November 27, 2017 This has gone up by a lot recently. Does anyone know why? They announced the acquisition of South Coast Surety Insurance Services after hours on November 21st it was up on heavy trading the next day and has been going up since. That seems to be the catalyst. http://www.bostonomaha.com/documents/96/28619f2601cf86941679cadbb5fbd205.pdf Link to comment Share on other sites More sharing options...
Tim Eriksen Posted November 27, 2017 Share Posted November 27, 2017 This has gone up by a lot recently. Does anyone know why? They announced the acquisition of South Coast Surety Insurance Services after hours on November 21st it was up on heavy trading the next day and has been going up since. That seems to be the catalyst. http://www.bostonomaha.com/documents/96/28619f2601cf86941679cadbb5fbd205.pdf They announced it at the annual meeting in early October, and issued a PR. They completed it in November. Link to comment Share on other sites More sharing options...
CorpRaider Posted December 4, 2017 Share Posted December 4, 2017 Article in the Journal this morning. Quotes some of our esteemed posters. https://www.wsj.com/articles/a-buffett-run-firm-is-on-a-roll-but-warren-has-nothing-to-do-with-it-1513938601 Link to comment Share on other sites More sharing options...
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