NUVR - Alluvial Capital Management - Nuvera Communications Inc.
The following segment was excerpted from this fund letter.
Nuvera Communications (NUVR) remains Alluvial Fund’s largest holding. The combined effects of increased FCC funding and the 2018 acquisition of Scott-Rice Telephone will result in record earnings and cash flow in the coming years. 2019 will be a watershed year for the company. We will see a full year’s contribution from Scott-Rice, including administrative cost savings. The fourth quarter was burdened with some expenses related to transitioning Scott-Rice employees and services from Zayo. These costs will abate as the year continues. Nuvera will receive an