Aug. 22 at 4:48 PM
$LZMH From “ads + access” to a full community digital economy
Berkshire’s most recent 13F filing shows new positions in
$LAMR, an outdoor advertising company, and
$ALLE, a provider of security products for homes and businesses. Both companies generate steady cash flow—a model that closely reflects what LZMH is building and adding a third growth driver:
1. Smart Communities – access control, security, and monitoring systems. Sticky infrastructure with recurring service fees.
2. Community Ads – digital gate screens monetized much like Lamar’s billboards.
3. Local Life / E-commerce – fast-growing segment already 30%+ of 2024 revenue, leveraging the above platforms to sell goods and services directly to residents.
Worth noting: major shareholders extended their IPO lockup all the way to 2026, which is rare and shows long-term conviction.
Still small and undercovered, but the model feels very Buffett-like—just earlier stage, with more room to scale globally.
