Invests in Pennsylvania municipal securities. Seeks high current income exempt from federal and Pennsylvania income taxes. Now — the numbers.
The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
The stock trades 21% below its peak. The market has trimmed its expectations for the company.
It pays out $0.24 per share each year — regular cash for whoever holds the stock.
A loss of $164K against $0 in annual sales.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.