16% Premium to NAV NAV is $7.78 http://www.CEFconnect.com Market price
$9 plus "justified" by positive leverage
on auction rate preferreds, yes really. paying 30
basis points plus 50 basis point - less than 1% -
on half... Business & Finance > Investments > Stocks (A to Z) > Stocks P > PIMCO California Municipal Income Fund II (PCK)
Re: Price drivers? Welcome back guys.Excellent analysis, I pretty much
came to the same conclusion last week and closed my
short, I think you have accurately analyzed that a
cent or two can be shaved from the divi... Business & Finance > Investments > Stocks (A to Z) > Stocks P > PIMCO California Municipal Income Fund II (PCK)
Re: Strong Buy/KAwill I think many people are beginning to feel cabin fever
in low yielding CDs and treasuries, so munis are getting
another look.I reckon it'll be a rough ride as
fear... Business & Finance > Investments > Stocks (A to Z) > Stocks P > PIMCO California Municipal Income Fund II (PCK)
Re: Strong Buy/KAwill Munis are in a tough spot, increasing employee pension
and health costs, reducing tax base, not allowed to
deficit finance etc etc.BUT: how can Cali default
when it's the... Business & Finance > Investments > Stocks (A to Z) > Stocks P > PIMCO California Municipal Income Fund II (PCK)
Re: Strong Buy Fair enough: I'm long Cal GOs so I'm just hedging
a little here.I don't believe in 20% premium to
NAV before deducting for a worsening treasury hedge
position as the long bond looks... Business & Finance > Investments > Stocks (A to Z) > Stocks P > PIMCO California Municipal Income Fund II (PCK)
