Question for PHK Retiree investors - the great PIMCO PHK Ponzi Scheme
Let me get this straight, you have a pps that is at over a 40% premium to its NAV.
Investors are impressed that PIMCO is able to maintain a dividend of 1% ?!?!!?!
If they couldn't maintain it then one would say you are getting robbed for sure instead of just overpaying. Congrats they hand you back some other guys premium and so on. Sounds like a Ponzi scheme doesn't it?
I thought I would see what kind of investor give $1.00 and gets only .55 cents for it What i see is many postings about rubber rooms and how stupid each other are All I can say is, yes I agree with them how stupid !!