Why Boston Omaha Stock Is Down Today

Half of the CEO tandem is stepping down.The "Boston" half of the CEO tandem that has run Boston Omaha (BOC -2.90%) for nearly a decade is stepping aside. Investors were taken by surprise, sending shares of Boston Omaha down as much as 9% at the open before recovering to be down 4% as of 11 a.m. ET.End of an eraBoston Omaha has always been a bit of an oddity. It is the holding company for four majority-owned businesses in the billboard, broadband, insurance, and asset management industries run by co-CEOs Ale ...