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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 stockmysteron Apr 11, 2014 11:04am
177 Views
Post# 22439721

RE:RE:we have heard it all before about how great this company is

RE:RE:we have heard it all before about how great this company isWinter if you know better than explain to me why the share price is currently at .285 cents with all the cash on hand for all of this growth you mention? They are only a one field wonder which is the problem and if they thought their was all of this growth potential out there they wouldn't be buying back shares. Buying back shares is not characteristic of a growth company. The other wells will not add much production. Curiria has taken over a year to build the production facility for a measly 200 bpd. La casonsa 1 and 2 took several months to complete and no plans to increase the production facility. Rumi produced a few hundred bpd which they have to split with Parex and still no updates on the production facility. If these wells were significant Parex would have got them online already but they have their hands full with other prospects. Heck we can't even drill our best prospect on our own. We had to JV that with Parex as well. Everyone here wants a reverse split to increase the price. That doesn't add value and before they could do that they need to vote at an AGM and that isn't happening anytime soon. They still have close to 20 million .20 warrants o/s. Don't give me lip service and tell me growth is coming. Tell me where, when and by how much. If management really cared about it's shareholders they wouldn't have been sitting on their hands waiting for the warrants to expire. Tell those people that have worthless warrants about the 100 million in cash and about the growth. Ask why the buy back program hasn`t started. Are our managers waiting to buy back shares at a higher price or a lower price.
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