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Pimco New York Municipal Income Fund III V.PYN


Primary Symbol: PYN

PIMCO New York Municipal Income Fund III (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to seek to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund also invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality. Pacific Investment Management Company LLC (PIMCO) serves as the Fund's investment manager.


NYSE:PYN - Post by User

Comment by ciderhouseon Mar 26, 2011 5:07pm
385 Views
Post# 18345597

RE: RE: RE: You guys don't get it.. do you?

RE: RE: RE: You guys don't get it.. do you?Nasty Can:  At the beginning of March you said PYN was the "next big stock to go big time."  You said the "product is phenomenal" and that if it was on an American board it would be trading in the $3 to $4 dollar range.  You also cauitioned, rightly so, that it would take time for PyN to realize its potential and for meaningful revenue to start flowing in.  Now skip ahead 3 weeks and you seem to be in a panic that PYN isn't generating much revenue.. What changed?  Since there have been no announcements regarding revenue in the last three weeks we can assume that they weren't making anymore revenue in early March than they are in late March.  By constantingly carping about revenue you are only preaching to the chior.  I think every long term holder of Pyn, at least those with a brain, realize that at some point Pyn is going to have to start procucing some serious revenue for the stock price to rise substantially.  Gone are the dotcom day when anything with.com behind its name had a chance to go to $100 a share with no revenue.  So what it comes down to is that either you believe this company has the potential to make large amounts of cash in the future or you don't.  How much money there making right now is almost immaterial.  I think what would be more helpful since you seem quite knowledgeable about the industry  to discuss why they can or why they can't realize their revenue ambitions.  Just to continually post that they have no significant revenues at this moment is redundant  As you said yourself this a stock that needs patience and a strong stomach.  The risk is huge, but hopefully so will be the reward.
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