Wally Weitz Comments on EverArc Holdings

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Apr 28, 2020

Acquisition vehicle EverArc Holdings (LSE:EVRA, Financial) raised capital in late 2019 and continues to evaluate opportunities to purchase one or more operating businesses. Market-wide asset price declines suggest improving potential returns when EverArc ultimately deploys its war chest of cash.

From Wallace Weitz (Trades, Portfolio)'s Hickory Fund first-quarter 2020 shareholder commentary.