2024-05-04 07:17:57 ET
Summary
- Nelnet is a conglomerate with ownership in high-quality businesses, trading at a large discount to its intrinsic value.
- Management has a long history of consistently increasing shareholder returns through smart capital allocation.
- Today the business trades at only a slight premium to book value, which limits downside, presenting a very attractive risk/reward profile for investors.
A collection of great businesses trading at a discount
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For further details see:
Nelnet: An Appealing Valuation Emerges After A Challenging 2023