Opinions
Kevin O'Leary
Pimco Corp Income Fund
PCN-N
BUY
Jan 21, 2009
Individual investors have a very hard time buying bonds because you have to spend $1 million to get a good price. That's why he prefers ETF’s. Bonds.
$11.562
Stock price when the opinion was issued
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SELL
Has been under investigation by the SCC. Bill Gross has left. The North American bond markets have been in a bit of disarray for the last two weeks because of this because Pimco manage such a large amount of capital in the bond markets. Huge redemptions have hurt them. A US dollar bond fund and the US strong dollar have benefitted you. It is a traditional bond fund that has done fairly well. The future isn’t fantastic because he thinks interest rates are going to go higher. They have a lot of quite good bond managers there. [The guest cautioned that he is reluctant to advise buying or selling a managed fund - 'out managing the manager']
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