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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 thianon Feb 07, 2012 1:03pm
279 Views
Post# 19500218

RE: PYN vs. Yelp

RE: PYN vs. Yelp

doentown I see the point that you are making.  Poynt is not yet in full revenue mode and thus an "apples to oranges" comparison is being drawn.  But I do understand your point and thank you for it.

 

However I have invested in this play from the perspective of future potential as it relates to current price.  Thus the present "depressed" price means a great investing opportunity for me.  Let me explain my reason for putting my money on this "race horse".

I invest in several plays three of them being venture exchange stocks.  All have served me well.  I have an equal position on Mint 150K(MIT) and the same position on Poynt.  I am also in on Sprylogic 40K (SPY).  I consider these plays as bargains.  I also am investing in Talisman Energy and Research in Motion.  I also see these as value for money plays.

I have a position on Poynt based solely on "my impession" that I have a value play.  I have nothing bad to say about YELP.  If it is working for you then that is great.  But I can state that most investors on this board see the potential of Poynt.

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