The once considered brillinant light is starting to dim at PIMCO.
Such a great buy this junk bond fund why isn't anyone buying these shares that are obviously on the cheap considering $14 was reasonalbel pps to purchase considering the long history of the continous dividend pay out?
hmmn...conviction in the pimco men is starting to wane.
obviously currently investors no longer believe the talent of PIMCO can maintain the dividend.
the investors no longer obviously believe the premium will be EVER at 77%.
they investors realize that paying such a high premium for a "junk bond" is irresponsible, the brokers and sponsors clearly no longer fool investors into paying up at this premium and now are slowly but surely distributing out of it and preparing for another 15% drop.
Mario Gabelli is the next target, I wonder how long till seeking crapolla and motley tool start a write up on that fund manager and his insanity for charging fees? as always they will be late to the party in warning dumb f retail.