Berkshire Hathaway isn’t the only conglomerate from Nebraska that’s compounding shareholder money. Nelnet (NYSE:NNI), a diverse Lincoln, Nebraska financial company, has a federally guaranteed stream of money coming in that’s getting put to work in other places. Between its steady stream of cash and its other businesses, Nelnet has promising upside for investors willing to explore off the beaten path.
Nelnet’s big money maker
Nelnet used to originate student loans and earn money through interest payments from the borrowers. Since 1965, when the federal government announced that it would guarantee student loans,