Here’s Why the Strategy Exits Boston Omaha Corp. (BOC)

Fenimore Asset Management released its Q2 2026 investor letter, revealing the firm's decision to divest from Boston Omaha Corporation (NYSE:BOC). The investment management company's letter discusses various factors influencing their investment choices, including the performance of U.S. equity markets and the underperformance of Boston Omaha Corporation (NYSE:BOC).

The company operates in several sectors, including broadband telecommunications, outdoor billboard advertising, surety insurance, and asset management. Fenimore Asset Management sold their position in BOC on September 17, 2026. The firm chose to divest from BOC after initially investing in the company, believing in its ability to allocate capital well and grow.

Boston Omaha Corporation (NYSE:BOC) experienced a 16.83% decline over the past month, but shares were up 28.94% over the past year. The company's market capitalization stands at $78.51 billion, with its stock trading in a 52-week range of $366.00 to $615.79. Despite acknowledging BOC's potential, Fenimore Asset Management believes that certain AI stocks offer greater upside potential and less downside risk.