Boston Omaha (BOMN) is a young holding company with about 50% of its capital invested in the static billboard industry. After a relatively quiet IPO in 2017, the company has been issuing shares and using the funds primarily to acquire billboards in secondary markets such as Wisconsin and other Mid-Western as well as South-Eastern states. As of right now, around 30% of its capital is in cash, 10% in a wholly owned surety-line provider, and the remaining 10% in miscellaneous private investments such as construction and banking.
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