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AllianzGI Convertible & Income Message Board

  • aga0115 aga0115 Jan 22, 2010 10:15 AM Flag

    I'm in

    Been chasing this stock all week. Not sure why it finally dropped today, but I'm a holder not a trader. Like the divy.

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    • Barbara-- In 2001 when you had the actual bonds that were downgraded that you mentioned, did they default?

      If not, and you held them to maturity, no money would be lost (unless you purchased them way above par value). That's the beauty of bonds (as opposed to funds and/or stocks). I also do all my own investing, but I'm mainly in bonds (not funds).

      I recall that you mentioned CD's elsewhere. Well, you can buy (callable) CD's on the secondary market with coupon rates of 6.0%-6.5% (honest). On a good day, the price you pay for these is under 101% of par.

    • exc...There will always be bonds available for NCV to buy to maintain paying a good dividend. They will more than likely be below investment grade. While I wouldn't buy one individually, owning them in a group as in NCV doesn't bother me. Otherwise, I wouldn't own 6324 shares of NCV. We got burned when the tech bubble broke in 2001 cause we got caught owning investment grade bonds that ended up as junk bonds, namely Ga Pacific, Delta, etc. We lost 150000 before we were able to turn things around. At that time we used a full line broker. Turns out he did not know anymore than we did. After that we started doing our own investing. Best thing we ever did. Good luck to you. retiredafe8.

    • With the nav around 8.75,how long can ncv maintain the present payout of 1.08? I thank you in advance

    • NCV did the same thing 2 or 3 times back in October. Then continued the trend up. I would expect NCV snap back up based on that.

      If it doesn't, then it would make me wonder.

      JNK got hit the last couple of days too. I don't know what's up with that.

      Maybe people are just taking some risk off the table for the next couple of months while the markets corrects or goes sideways.

 
NCV
9.96-0.02(-0.20%)Sep 19 4:02 PMEDT

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