Stockchase Opinions

Christine Horoyski Pimco Corp Income Fund PCN-N COMMENT Jul 30, 2009

An active portfolio manager. (She is also an active portfolio manager so this is her competition. Why not deal with her instead? Bill.)
$11.210

Stock price when the opinion was issued

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BUY
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.
COMMENT
You have to be careful of Pimco funds as they often use leverage. Not sure if that applies to this fund but you should be aware of it.
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']