This means Big Larry owns around $6.4 million of UNAM, which pays a tidy $1-per-share annual dividend. So the dividend alone with UNAM brings Big Larry over a half million dollars in dividends -- plus UNAM rallied almost 17% in 2013 before pulling back in the past month or two.
So, you see, Big Larry, the CEO, likes to create what he calls "rivers of cash." If you read, and you just have to do so, Big Larry's 2012 annual letter to shareholders, you'll learn his version of "The Genesis Story". It will thoroughly acquaint you with the BH origins and why it's been working like a well-oiled machine at making "rivers of cash" flow its way.
Below is a five-year chart of BH and some supporting fundamentals that help illustrate why the stock has been an enormous winner for shareholders.
Big Larry, the chairman of the board, wrote the following on Dec. 7, 2012: "My entrepreneurial odyssey of business creation ab initio has rested on a basic principle: to generate cash and then to parlay that cash into more cash-producing businesses. Our ideas may be in accord with those of a different era
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