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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 TraderDadon Feb 15, 2012 7:27am
588 Views
Post# 19535796

one of the most undervalued stocks

one of the most undervalued stocks

that I have owned in quite some time.

I am comfortable with my position in PYN, and sleep comfortably knowing that , in my opinion, that  share price will be multiples higher during 2012, or the stock gets bought out by the likes of a Google or Facebook.

13, 14, 12.5 , 13.5 cents whatever, let is wallow in a ridiculous valuation , and then when you least expect it, the SP is going to rocket up in a matter of a short time frame to 30-40-50 ++ cents.

do you own due diligence as always , and read the summary created by bigpocketsinc and essays by banx.

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