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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

Post by fuzzieLOGICon Apr 21, 2011 7:14am
248 Views
Post# 18467255

If GOOG or MFST dont but PYN

If GOOG or MFST dont but PYNi will be very surprised/
Talk is going around that microsoft wants to get expand its mobile payments, what better way to expand the biz than to aquire a company with millions of users already in that space.

google on the other hand has fairly good success with its payment gateway but trend is showing that exponential sales growth will come from mobile payments. GOOG can either keep on its existing path with mobile coupons and location based data or widen the path substancially with Poynt.

Ebays purchase of Where is very signifanct to the value of poynt, although the price ebay paid was just 135mil, i suspect that shares and options were part of the deal too.

Enter YHOO, struggling to make a comeback yahoo is most definitely looking into mobile solutions to generate revenue from soon as their advertising revs have been trending lower every quarter. Its do or die for yahoo.
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