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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 universalbabeon Apr 27, 2011 10:09am
450 Views
Post# 18493838

RE: any honest info?

RE: any honest info?The stock price will probably stay around it's current price until the financing closes ( May 9th) Balay results are due around that time as well. If these results are good, then the stock price should start to go up in May. However, a lot of people are now skeptical about these results because of the quick over night financing that was just done. (Why not wait until after the Balay results, which if good, would have brought the stock price higher). So in the near term it is very hard to answer your question. We all know that people don't like to wait around,and many are pissed at management, so that is why the stock is at an all time low.
On the flip side. STVP's current post (Net Assset Value) puts PTA into perspective regarding the possible future of the stock price. But management needs to announce and put some positive plans in motion. It has been 4 months of horrible press releases and poor handling of company funds. PTA has an incredible roster of management, so we are all hoping that the recent events are all part of a master plan to build a solid foundation for the company. 
It is very painful to watch this stock trade on a daily basis. Whenever there is a strong bid and nothing on the ask, the SP appears to be manipulated downwards all the time. Very easy to get emotional about it, because it doesn't seem like fair trading. I do think that when we get some positive news flowing (with some production happening), that we will rise to our recents highs very quickly. I am banking on it.....and way under water on this one like everyone else. 
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