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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

Post by quinlashon Mar 29, 2021 1:06pm
182 Views
Post# 32898994

6 Month avg is total garbage

6 Month avg is total garbageHow can a 6 month average on any stock at this point and time be looked at as anything representative of where a SP should be ??

Think about it... in March of 2020 we were just starting to see the sell off in ALL STOCKs and all sectors, due to the fear and uncertainity brought on by C-19 and the economic fallout that it would cause.  We are still dealing with the virus and vaccine rollout so there is still fear in the markets (uncertainly at a minimum).  

If investors cannot be bothered to learn the fundamentals to gauge how undervalued or overvalued a stock is they are going to be doomed to missing an awesome buy and trading out in full or partial trades when a stock is hot or over-heated.

IMHO, based on what I see, the stock remains grossly undervalued, even at $14, so I opt to buy and hold until we see better days.

JMHO, DYODD and GLTA

Q
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