Post by
griffp on Feb 02, 2015 3:25pm
shot in the dark
Granted this fund is new and without the full first year financial statements/results, it is a shot in the dark to know what is going on, but this is turning into a 'train wreck'. Understandably one expected a drop from the IPO price covering the payout to underwriters and dividend payments funded from IPO but even with 'CEO Moonbeam" having 'moved' on, the present price level and and downward trend, the stock must be way below the the NAV . There are more than a few financial gurus at Pimco to run PGI without Gross...so the lack of confidence in PGI must be from the perceived invesments it is making. But that is a quandry also. Looking at the quarterly company filings, over 90% of the fund is in invested in the USA. The bond and equity market in the USA last year went ....straight UP. Looknig at the range of the other Cdn Pimco fund oferings, they all produced positive growth on top of a monthly return yet PGI continues to trend down. Any suggestions as to why this thing is going south because I have enough invested in this that is now starting to hurt. ;((
Comment by
rapid_fire_ on Apr 04, 2015 9:16am
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