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Annaly Capital Management, Inc. Message Board

b_hummell 4 posts  |  Last Activity: Sep 14, 2015 12:57 PM Member since: Jun 18, 2010
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  • Reply to

    How long can the beating continue?

    by sargeantfury Sep 14, 2015 12:39 PM
    b_hummell b_hummell Sep 14, 2015 12:57 PM Flag

    Probably at some point $6.50-$7.00 per share although since no investor trusts Pimco dividends/distributions anymore, in the future even lower. The new .10 cents monthly distribution is also unsustainable. My guess maybe .06 per month would be.Too bad Pimco didn't reduce it long ago instead of pretending it could go on indefinitely paying out far more than it earned. How many other Pimco funds will also see a cut? I own one other, PFN, and suspect Pimco will cut it too.

  • Reply to

    disaster and criminal

    by cshupirate86 Sep 11, 2015 3:12 PM
    b_hummell b_hummell Sep 11, 2015 4:08 PM Flag

    Pimco has to take some of the blame too. Overpaying the dividend for so long gave the wrong impression to investors. Yes, investors stayed in this disaster too long thinking the dividend would go on forever at a high premium. But, other Pimco cef''s like PFN were at a discount and that has not done well either....losing NAV

  • Pimco PHK and PFN show NAV still dropping while competitors HIX and DHF show recent steady or rising NAV. Has Pimco lost their touch? Too much for them after Gross left? Whatever the reason, very poor results for their investors and still going downhill.. Sorry I ever bought Pimco cef's.

  • b_hummell by b_hummell Sep 4, 2015 3:49 PM Flag

    Now that it broke below 8.00 (7.90), how much lower can this go. Possibilities: down to NAV of 7.11, below NAV, mid to high 7.00's? Issues are: 1. Dividend cut ..more on the way?,2, now lack of faith in Pimco, 3. NAV keeps dropping, 4. Not enough earnings to support even the lower dividend?, Will investors ever trust Pimco enough to pay a premium for any of it's funds? This fund has dropped from 13's to 7's and NAV has also taken big drops as well. Many investors have now lost a lot of money in PHK in 2015 as well in last 12 months. My guess, PHK will go to mid 7's before leveling off.

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