Pimco Floating Rate, Inc.me Fund (AMEX:PFL)
A closed-end company
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Barron 6/15/11
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Yield is good; believe market is expecting higher default rate than is likely; nearing low point in stock price, and ready for rebound.
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a steady as she goes dividend return
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PFL is a hedge against inflation. And historically, the Fed has never continued their trend in lowering or raising interest rates after a pause, which means that if history repeats itself, they will lower the interest rate next time they make a move.
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