Manages the Nuveen Taxable Municipal Income Fund, a U.S.-domiciled closed-end mutual fund. Now — the numbers.
This is an established company with proven profits.
The market pays 16.3× for every dollar of annual profit — around what a business like this usually costs.
No analyst target is on record for this company.
The stock trades 34% below its peak. The market has trimmed its expectations for the company.
The net profit margin is 72% — still a thick cushion, though costs have been eating into it lately.
Over the last 2 years, sales grew about 9% a year on average.
Over the last 12 months, company executives reported 1 buy and 0 sells. Management buying with its own money is usually read as a good sign.
Since the drop from its peak, buyer appetite hasn’t come back.
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.