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

Pimco New York Municipal Income Fund III

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Post by TraderDadon Jan 18, 2012 1:33pm

375 Views

Post# 19417780

a serious take-over target

After some extensive DD (and, thanks to the contributors on this forum) , I believe PYN will be scooped up sometime this year. I think INT would love them, but can they afford it ? Most likely a suitor with bigger pockets will grab em. Maybe even Yelp or Foursquare.

Question is, at what valuation. Two analysts have targets off 55cents and $1.15, and I certainly see PYN going at this upper threshhold or higher.

I don't think investors have understood the huge impact that the Samsung and India preloads are going to be. Unique users are going to go thru the roof. I also believe that other deals are going to be announced this quarter.

This stock is an absolute steal, IMHO.

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This junior mining stock offers billions in market exposure