Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA

Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.

NYSE:PTA - Post by User

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > Were are we now?

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Comment by mrpanickon Mar 07, 2014 2:02am

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Post# 22292812

RE:RE:RE:RE:Were are we now?

You think it's bad news and the stock is trading at enterprise value / cash flow of around .5X? Petroamerica is priced for Las Maracas production falling off a cliff and that's not happening. Cash is building up and new production is coming online in 2014 - even if it's not fast enough for your liking. The company does not control the timing of most drilling since they are not the operator for most of their wells. Why do people not get this simple concept? Even if they were the operator, there are other factors such as availability of rigs.

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