$80.73 0.00 (0%)
2/10/2012 4:00 PM

Virtus Investment Partners, Inc. (NASDAQ:VRTS)

CAPS Rating: 2 out of 5

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Member Avatar MegaShort (99.90) Submitted: 11/13/2011 5:13:38 PM : Underperform Start Price: $65.03 VRTS Score: -17.36

The market is valuing VRTS on assets under management ($33B) and growth. I value them more on tangible book (nonexistent) and cash flow (very low). I object to the whole idea of asset-light asset managers. If they haven't been able to build any corporate tangible book value, why would you invest alongside them?

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