|Over a month ago|
Boston Omaha initiated with an Overweight at Wells Fargo » 06:2906/0506/05/20
Wells Fargo analyst…
Wells Fargo analyst Steven Cahall initiated coverage of Boston Omaha with an Overweight rating and $21 price target. Cahall thinks advertisers like out-of-home as a media channel with U.S. industry organic growth of ~9% in 2019, and says that within OOH, Boston Omaha is less focused on capex-intensive digital conversions and competitive urban and transport spaces, instead focusing on billboards in the Midwest and Southeast that tend to be a top priority for local businesses. He sees more acquisitions and likes the long-term earnings opportunity of Boston Omaha's margins expanding toward peer levels.
Boston Omaha 3.2M share Secondary priced at $16.00 » 23:2005/2805/28/20
Wells Fargo and Cowen…
Wells Fargo and Cowen acted as joint book running managers for the offering.
Boston Omaha announces offering of $50M of Class A common stock » 16:0405/2705/27/20
Boston Omaha Corporation…
Boston Omaha Corporation announced the launch of a proposed public offering of $50M of its shares of Class A common stock. Boston Omaha is raising capital to fund the expansion of its recently acquired fiber-to-the-home broadband telecommunication business, to grow its Link billboard business through the acquisitions of additional billboard businesses, and for general corporate purposes. Wells Fargo Securities and Cowen are acting as joint lead book-running managers for the proposed offering.
|Over a quarter ago|
Boston Omaha trading resumes 09:5703/1803/18/20
Boston Omaha trading halted, volatility trading pause 09:5203/1803/18/20
Boston Omaha announces $20M share repurchase program » 09:3103/1803/18/20
Boston Omaha announced…
Boston Omaha announced that its Board of Directors approved a share repurchase program under which the company can repurchase up to $20M of its Class A common stock over a one year period ending June 30, 2021 through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The Board also authorized the company to establish "Rule 10b5-1 trading plans" for these share repurchases.