Invests in fixed-income markets within the United States. Focuses on undervalued municipal securities. Now — the numbers.
This is an established company with proven profits.
Average growth of 7% a year over the last 3 years. Red columns mark years that ended in a loss.
The market pays 38.6× for every dollar this company earns in a year — a price that already assumes things go well.
No analyst target is on record for this company.
Executives buying with their own money is usually read as confidence in the company’s future.
The stock trades 34% below its peak. The market has trimmed its expectations for the company.
The net profit margin is 28% — still a thick cushion, though costs have been eating into it lately.
Over the last 12 months, company executives reported 16 buys and 12 sells. Management buying with its own money is usually read as a good sign.
It pays out $0.95 per share each year — regular cash for whoever holds the stock.
The company’s market value is 39 times its annual profit. Even a small disappointment could hit the price hard.
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.