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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 CanadianKiaon Jun 03, 2021 1:47pm
98 Views
Post# 33319987

RE:Lets Assume

RE:Lets Assume
Just as an example, if you were to buy at the roughly 8:40 that the stock is trading at  and wait until its 14, you would make 66%. 

Considering most analyst see the price around that amount with the new purchases, what iditot would say no to a 66% return, even if it was to take a year?!?!!?


CanadianKia wrote: that the price is not 100 bucks or 50, or 30 or even 20 for Hexo. lets assume.


If the real price is somewhere between 12-14 bucks CAD, that means you have around 3-5 bucks of upside potential. Think about it. that's almost 40-50% return on your investment if you're buying in at 8-9 bucks. 

Are the idiiiots on this forum who are bashing the stock ignoring even that? 

please do some due diligence. its a HUGE return if you're buying at these low prices,even if it goest to 12 bucks, 14 bucks.

Jeeez


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