Nelnet Annual Results (Issue #62)
Nelnet (NYSE: NNI — $3.54b) just had its annual meeting and released its annual report. Unfortunately, I was unable to attend the meeting, but here are the key points from the report. Executive Chairman Mike Dunlap warned once again of the problems that come along with sudden and sizable cash infusions into the economy. This mainly hinders more “growthy” and risky companies (i.e. SPACs, “growth-at-all-costs-focused” companies, and much more). In addition, other economic implications include an overall increase in global energy costs. This impacts Nelnet since they are in the space, but not as much as European utilities.