Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 BlueBullzeron Jan 24, 2014 10:23pm
283 Views
Post# 22133046

RE:RE:RE:Now some of you are happy with mid 40s or 50 cents..

RE:RE:RE:Now some of you are happy with mid 40s or 50 cents..You've really been trying to hammer this dividend concept into everyone's heads, but regardless of the intentions behind your concept it is simply not a good idea for this type of company. Small-Midcap E&P companies have high risk factors, and very high CAPEX and CAPEX fluctuations as well as cash flow fluctuations due to production levels. At any given time, these companies can be effected by shut-ins, dry holes, security concerns, oil/gas transportation and storage issues, and flow-rate declines. A dividend only reduces their cash which increases their risk and most likely increases their debt. In my opinion debt is never a good thing, because all it does is decrease your cash flow long term. The best way to increase the value of an E&P company is through organic growth, smart acquisitions, and reducing your share count to more realistic levels; bringing the price up to a point where institutional investors no longer consider it a penny stock. Moving out of the Vulture exchange wouldn't hurt either.
<< Previous
Bullboard Posts
Next >>