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Virtus Diversified Income & Convertible Fund V.ACV.P


Primary Symbol: ACV

Virtus Diversified Income & Convertible Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of convertible securities, income-producing equity securities and income-producing debt and other instruments of varying maturities, of which at least 50% of total managed assets are invested in convertibles. The Fund has the latitude to write covered call options on the stocks held in the equity portion. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.


NYSE:ACV - Post by User

Comment by NYX2017on Feb 26, 2019 7:19am
80 Views
Post# 29412903

RE:Just because something is cheap doesn't make it good value!

RE:Just because something is cheap doesn't make it good value!Debt is manageable. High costs in past quarter were because of restrucuring and GoVeggie rebranding and launch od Riot Eats (will be available through a BIG retailer in the US starting May).

The restructuring costs are done (maybe another 300-400K in Q4), and that's going to save a lot of money in the coming quarters.

They WILL be EBITDA positive in Q1, mark my words (they think by Q4, but it's optmistic but we never know).

If they've decided to sell the business today as a whole, including liabilities, it would fetch at least $0.80 per share, at least. I've been in this kind of business before, there are buyers willing to pay this or more. It's a good company. Again, the high costs are non-recurring, and will save money and generate new revenue.

By the release Q1 results, this will be close to $1.00.


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