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MFS Municipal Income Trust V.MFM


Primary Symbol: MFM

MFS Municipal Income Trust (fund) is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax but may also consider capital appreciation. It invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds. These municipal bonds include debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia, and their political subdivisions, agencies, or instrumentalities. The Fund invests in various sectors, such as hospitals, secondary schools, colleges, schools, and water and sewer utility. It has investments in areas, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Guam, Hawaii, Idaho, and Illinois. Massachusetts Financial Services Company is the investment adviser of the Fund.


NYSE:MFM - Post by User

Bullboard Posts
Comment by northernbullon Apr 25, 2012 1:57pm
164 Views
Post# 19834890

RE: Bottom

RE: Bottom

Who knows where, but its a good deal at these levels regardless of whether it falls lower or not. Babies and bathwater are flying in all directions. I wish I had more cash. I can see screaming buys all over the place. I think it'll be a little while before many of the explorers appreciate significantly (barring good news), as the producers are throwing off tons of cash and are also pounded into the ground. They are a much less risky way to still make a killing when things turn around.

Marifil could be different from the rest of the pack. If they can pull off a potash spinout and get some cash to begin exploration, we're not talking positive news, we're talking about a complete game changer.

Its tough to stomach, but I hope everyone is coping. Capitulation (if it hasn't already happened) could be just around the corner. It could be gut-wrenching, but will likely begin a move to the upside. I'm holding off on buying right now, as our volume has been very light. If people do throw in the towel and start dumping positions, we could be in for the deal of a lifetime.

Bullboard Posts