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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 drippingsnoton Mar 09, 2012 10:10am
261 Views
Post# 19648846

true upward move...

true upward move...

I think the key to Poynt's success will be in the future announcement from Gladios/Poynt - whenever that is.

That will set the stage for the true value of the company to be exposed.  It will lay the foundation for an upward run.

Face it, anyone can copy what Poynt is doing, unless there are barriers to doing it.  Right now they are sticky with customers and the customer base is growing.  Anything can happen to keep them in favor or to make them drop out of favour.  Time will tell.

Having access to other people's information (their partners) is only as good as the relationship with that partner and the financial strength of that partner.  If a partner chooses not to work with you in the future, you're SOL.  Such tug-of-wars are possible as partners vie for more revenue.

If Poynt starts to develop their own information, I think that could also stregthen their position.  They have been too small to consider that kind of model to this point (and may never).

Lots of opportunity and the risk.

Good momentum so far and hopefully they can build on that.

Any guesses when Gladios/Poynt make a meaningful announcement?  within the month, within 2 months, 6 months, one year, longer ?

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