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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by Rothchildishon Dec 23, 2019 6:09pm
200 Views
Post# 30485706

Look at the 3 year chart

Look at the 3 year chartWhat I see is something that should have never happened. I cant grasp that someone in their right mind doesnt see the pump and dump. Its going to drift lower.. they might try another pump before the eternal rest. At this rate they need to raise money every quarter, add the interest expense and the worsening credit condition (higher blend of interest rate) and I simply dont see how they will be able to repay all of that growing debt load. Sales are trending lower and inventory impairment (fair value evaluation) will continue to grow because of brilliant ideas such as : 4$ per gram "the stash", they also risk having to dispose of the ageing weed inventory that keeps on piling up. Whats the bull thesis? Edibles? Like seriously? Weed Joe Louis for all? Even if consumers answer the call, what will the margins look like? Will Sebastien create a new blend of Kraft Dinner aimed at his loyal legion of cultists? Anyonr?
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