Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA

Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > I think

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Comment by green24on Feb 07, 2014 12:15pm

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Post# 22184465

RE:RE:RE:RE:RE:RE:RE:I think

They didn't 'push' releasing the Q4 results until April. That is standard operating procedure. The exchange gives everyone extra time to release their 'year end' or Q4 numbers. Stupid rule in my opinion. They also released Q4 at the end of April in 2013.

In that Q4 April 2013 release, they said yearly production had hit 1392 bpd. Heck of a nice jump for 2013 will be reported this coming April. They exited 2012 at 4156 bpd. What did we exit 2013 at? 6400ish? Again a very healthy jump. And now we have two more discoveries to add for 2014.

There won't be any share consolidation before the next AGM imho, not that it would matter. Call it a 30 cent stock with 10 cents a share in earnings, or a $3 stock with $1 per share in earnings. Who cares. All that matters is the market cap. A share consolidation won't change the $170M or so we are at right now, and it won't change the $18M we earned in Q3 either. Personally I'm in favour of a 100:1 rollback. Lets start calling it a $30 stock with $10 in earnings. Of course, I'm assuming the increased production and prices in Q4 translate into at least equal earnings compared to Q3. They already recorded 7c/sh in earnings over the first 3 quarters. 3c more would put them at 10c/sh for the year.

Also, FWIW, and much to my surprise, the shorts have fallen again. Not sure why though, as this SP move down for the past month has seemed to be a manipulation by one trader the whole time. Why didn't they short it during the juicy part of the move, from .375 to .32? (yeah, we know why)

Looks like the bottom was .285. I guess we will know for sure by this time next week.

Less than 4/10ths of 1% of the float now. Virtually nothing.