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Nelnet Earnings (Issue #73)
Nelnet (NASDAQ: NNI) similar to Hingham (NASDAQ: HIFS) is a conservatively and cleverly managed business. They are both led by high quality capital allocators and this means they don’t try to bend the numbers. Instead they will take the hit head on and immediately to mitigate long term financial affects. This also means they can more quickly move passed the “damage” and not suffer from it longer than necessary. That isn’t shown directly in income statements and balance sheets, but it speaks volumes about the managers.