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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Comment by Mining_Dudeon Apr 12, 2018 4:48pm
146 Views
Post# 27876005

RE:RE:Hey pope or poop ...

RE:RE:Hey pope or poop ...OK, THCX conseneus 2020e EBITDA is $125m (underpinned by the just announced SAQ agreement which is ~$70m of that and uses 32% THCX's capacity). It implies a current trading mulitple of 5.6x.  Most of the names that have supply deals or int'l sales channels trade around 18x 2020e (a range if 11x-30x more specifically) but have market caps in the $1.5b+ range.  Closest comp by market cap is CannTrust (trading at 10.2x).  Applying a 10x multiple to THCX gets you to $7.03 share price.  At minimum a 7x multiple (Organigram and Supreme) is merited which gets THCX to $4.95 but seems coservative given Organigram has its legal issues and Supreme has no sales channels to speak of at the momment.

So on behalf of the board, I'll ask again, why specifically are you a THCX bear?


Thepopeisdope wrote:
j_mart wrote:
Show us why we wont see $6.00 ...if your going to spew chit ...prove what you say looser :)


You show us how this stock will ever be above $6.00 in the next two years would be even better...don't get mad at other people if you finally figured out you made a bad investment.


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