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Dreyfus Alcentra Global Credit Income 2024 Targe

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About Dreyfus Alcentra Global Credit Income 2024 Targe

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Might actually dcf into a index fund tbh. It’s bound to pick up
Good point, the DCF I built allows for adjustment in excise tax and premium cigs volume assumptions, so I’d start there model wise.
The sell side has this pinned at a 0.8 beta, and also the dcf terminal growth is pegged at 0%, not cpi or Gdp. At the end of the day it's an 8% fcf yield, with no inflation passthrough, in a 4% world, not bad but it's no Wendys... WEN is pumping out 10.5% fcf yield with inflation pass through, and the thesis is simple: dumpster BJs never go out of style.
The DCF is built on growth of 20% bear, 40% base, and 60% bull cases for on!, so yea the 60 is quite aggressive but the thesis still stands at 30%. I also had never heard of on! before looking into Altria.
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