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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

Comment by STVPon Apr 02, 2011 11:22pm
370 Views
Post# 18378332

RE: The one question that needs to be asked

RE: The one question that needs to be askedIt's really reatial day traders and maybe some hedge funds who have knocked this one down.  My opinion is that they are trying to use the Calatea-1 news plus new management changes as a way to get the weak hands to sell due to lack of knowledge and research on their own (it's case where hedge funds and some retail traders are trying to use company news to make they market thinks it's all bad).  Abandoning the Calatea-1 well in the short term is the right thing to do so that the compnay can preserve the cash they have and allow for Balay-1 and Balay-2 to get into full capacity production, then use the earnings to fund future operations.  The management changes will turn out to be the right move as the old management was too taken up with explorqation that are costly and would have required the company to keep raising equity to fund operations.  The new management have the right philosophy by cutting expenses in the short term and allowing your revenue generators (Balay-1 and Balay-2) to develope and give the compnay some cash that they can use for future operations.

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