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PCM Fund Inc V.PCM


Primary Symbol: PCM

PCM Fund, Inc. is a closed-end management investment company. The Fund’s primary investment objective is to achieve high current income. Capital gain from the disposition of investments is a secondary objective of the Fund. The Fund has the ability to invest in agency-guaranteed mortgage-backed securities, private label (non-agency) mortgage-backed securities, investment grade corporate debt securities, high yield corporate debt securities and commercial mortgage-backed securities. The Fund invests in asset-backed securities, non agency mortgage-backed securities, corporate bonds and notes, short-term instruments, loan participations and assignments, united sates government agencies, common stocks and other. Additionally, the fund may invest in credit derivatives, such as credit default swaps, and other derivative instruments for gaining synthetic exposures. It may invest without limit in securities. Its investment manager is Pacific Investment Management Company LLC.


NYSE:PCM - Post by User

Bullboard Posts
Comment by easterlyon Feb 25, 2010 1:10am
441 Views
Post# 16818017

RE: The Major Hurdle

RE: The Major HurdleI think it is hoped   ; along with the markedly higher grades of copper,moly ,and silver noted in the last news report ,coupled with their higher spot prices,  that these could leverage a new financial PP of that magnitude. There is some old machinery from the old Ryan lake mine,but the recent $200k pp chunk probably wouldn't go too far in a refurbishing effort ,much less  rent some modern equipment  and bootstrap into production. Todays share volume might get some gears turning.  Money talks,,, now at least there is some momentum again. 
Bullboard Posts