Boston Omaha Corporation (BOMN), the parent of Link Media, announced yesterday that its Board of Directors approved a share repurchase program under which the Company can repurchase up to $20,000,000 of its Class A common stock over a one year period ending June 30, 2021 through open market purchases.

The press release indicated the actual timing, number and value of shares repurchased under the stock repurchase program will depend on a number of factors, including SEC rule restrictions, price, general business and market conditions, and alternative investment opportunities. The share buyback program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.

Insiders Take:  At the time of posting, Boston Omaha shares were trading at $14.49 down from their 52 week high of $28.  Given the current economic instability, brought on by Covid 19, any company with access to liquidity is smart to position themselves in a way to maximize opportunities. In fact, Boston Omaha recently announced their investment in Rural Fiber-to-the-Home company AireBeam Communications.

[wpforms id=”9787″]

Paid Advertisement