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ConocoPhillips Message Board

wrkhdplayhd 2 posts  |  Last Activity: Jun 13, 2014 1:54 PM Member since: Sep 21, 2012
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    Cut not so bad

    by wrkhdplayhd Jun 13, 2014 11:23 AM
    wrkhdplayhd wrkhdplayhd Jun 13, 2014 1:54 PM Flag

    I had not looked to see that they had lowered duration that far. Big bet on rising rates in the future. I expected the cut due to GIM cuts and negative UNII in last report. They may have generated some capital gains if they sold bounds during recent rallies to lower duration. I use this as a major bond portion to balance equity exposure. Management team has been top notch. Bit ugly today though as expected.

  • wrkhdplayhd by wrkhdplayhd Jun 13, 2014 11:23 AM Flag

    Hey 5.6% in this environment is still good and remember these guys usually kick in some capital gains at year end as well. I have been a long term holder and continue to find this an excellent alternative for diversification as US stocks are looking fully priced lately....i.e. Getting more are also still buying at a discount and fund has a times traded with a nice premium.

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