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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 bowie99on Apr 24, 2019 3:36pm
87 Views
Post# 29665819

RE:RE:RE:RE:people missed ponits on this interview: organic is the

RE:RE:RE:RE:people missed ponits on this interview: organic is the well said eljoro...previous supporters that either left or remain unimpressed have this stock punished.  IMO it is undervalued, since you have strong sales that recur, so it becomes an operating issue to fix.  But if balance sheet won't allow that, then it's obviously tougher.

For sure meteoric revenue increases likely are not in the offing, but a return to profit should be if well managed over the next year....assuming they can hang on that long as is.

For sure the rapid expansion is a root cause...and I would say that the one overpayment appears to be the US company they bought....the others seemed fair enough.  Alhough one could question the central roast acquisition a bit since it's basically a commodity item so margins would be assumed very thin vs. other more (perceied) value added products like Love Child and Kiju which do have strong natural market shares and loyal consumers. 


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