Invests primarily in high-quality municipal bonds issued by New York state and local governments. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
No real growth (-3% a year). Red columns mark years that ended in a loss.
This company is not turning a profit, so the market is pricing its sales instead: 2,963.2× for every dollar of annual revenue.
No analyst target is on record for this company.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Revenue Growth: Sales are going backwards, not just slowing.
The stock trades 17% below its peak. The market has trimmed its expectations for the company.
The company sells $2.0M a year; the problem isn’t sales — it’s costs running above that number.
It pays out $0.40 per share each year — regular cash for whoever holds the stock.
A loss of $3.9M against $2.0M in annual sales.
Sales are going backwards, not just slowing. Council score: 4/10.
Costs swallow the gains that sales growth brings in. Council score: 4/10.
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.