PIMCO High, Inc.me Fund (NYSE:PHK)

CAPS Rating: 1 out of 5

Closed-end fund

Recs

1
Player Avatar Justgettingit (< 20) Submitted: 11/14/2008 11:33:28 AM : Outperform Start Price: $2.01 PHK Score: +358.76

The greed of many people will force them to buy this stoick when the dividend is 30% and better. The pay off in the next 2 to 5 years is going to be outstanding. Not only will the stock eventually double, or more, but holding on means sharp dividends that will be impossible to beat in coming years.

Member Avatar cloudofjoy (< 20) Submitted: 4/11/2012 12:27:10 PM
Recs: 0

Past performance is no indicator of future performance. I have seen PHK dip down to around $2, and it's only hiccuped at that time. Pimco quickly bought up its own shares, and brought the one skipped dividend up to date, plus kept paying without skipping another beat since. I told way too many of my friends to buy, buy, buy, when it was as cheap as $4, then $5, then $6..
With that said, we have only one thing to fear, and that is the death of Bil Gross. That day will be the day PHK dips so far down into the mud, that it will undershoot its true value, and will be another good time to buy. But don't hold your breath for the kind of price you see today, it will never happen again after Gross is gone.
Yes, there is a combination of greed, and the disciples of Bill Gross that are driving the price of PHK these days. I guess we all have a little of both in us.

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