Think Small, Win Big: 4 Small-Cap Stocks You Should Consider benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
For the second time this year, a Jacksonville area company soared higher after its initial public offering hit the market.
Treace Medical Concepts Inc. rose $8.53 to $25.53 on its first day of trading April 23, after its IPO of 11.25 million shares was priced at $17. It kept rising this week and reached a high of $34.47 April 27.
That follows Dream Finders Homes Inc.’s IPO of 9.6 million shares at $13 each, which jumped $7.95 to $20.95 on its first trading day Jan. 21 and eventually peaked at $31.98.
Dream Finders already had a high profile in Northeast Florida before going public, with marketing initiatives including a partnership with the Jacksonville Jaguars.
Berkshire Hathaway is one of the most well-known investing stories of the last 50 years. Through the great leadership of Warren Buffett and Charlie Munger, a portfolio of cash-generating businesses, and a long-term time horizon, Berkshire Hathaway has returned over 2,000,000% to shareholders since 1964, an astounding record that has trounced the market over the same period.
One company that is trying to emulate the Berkshire model is
Boston Omaha (NASDAQ:BOMN). Born out of a real estate company in 2015, this conglomerate is managed by Adam Peterson and Alex Rozek and has the wide-arching goal to grow intrinsic value per share at an attractive rate, while seeking to maintain a strong financial position.
Berkshire Hathaway conglomerate, but with a market cap currently under $1 billion. The company took its current form in 2015 when co-CEOs Alex Rozek and Adam Peterson bought a controlling stake in a real estate business. They renamed the company Boston Omaha and broadened its mandate to buy companies or stakes in companies that generate durable streams of cash flow.
As of now, Boston Omaha owns a billboard business called Link Media, a surety insurance operation, majority stakes in two fiber and broadband businesses, plus many other small investments. The insurance subsidiary is what gets Boston Omaha compared to Berkshire Hathaway, as that has been the main engine propelling Warren Buffett s dominance over the last five decades. If Boston Omaha can start generating meaningful float from its surety insurance operation, this will give Rozek and Peterson a nice stream of investable dollars that they can deploy into other assets.
KXLY
April 23, 2021 3:06 AM newsfeedback@fool.com (Selena Maranjian)
Posted:
Updated:
April 23, 2021 5:22 AM
We’re all going to need money in retirement, and one good way to build a fat portfolio for your future is to fill it with companies that are likely to have their stocks grow in value over time while they regularly kick out cash to you in the form of dividends.
Here are three such companies to consider. There’s a good chance you’ve only heard of one of them.
Image source: Getty Images.
Perhaps the most obviously attractive thing about
Enbridge (NYSE: ENB) is its dividend which recently yielded nearly 7.1%. Better still, it has upped that payout for 26 consecutive years.