Seeking Alpha

McPiro

 
View as an RSS Feed
View McPiro's Comments BY TICKER:
ANZBY, DIA, DVY, MCD, PCN, PGP, PHK, PTY, RCS, S, SDY, SONC, SWY, T, TGT, TOT, V, VIG, VTI, VYM, WBK, WFM, WMT
Latest  |  Highest rated
  • Despite Recent Weakness, Westpac Banking Is A Buy [View article]
    Hi Peter, I've seen discussion on that quite a bit. It personally never applied to my holdings, and I held the stock in accounts with Scottrade and Merrill Edge. But I have heard of it happening to some people on Seeking Alpha. Best, McPiro
    Jan 5, 2015. 10:21 AM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Actually, the last day you can sell stock to trigger same-year losses depends on your nationality. For most of us, as Americans, it is the last trading day of the year. Canadians, for example, must adhere to the settlement date as gawilley alludes to. Perhaps he is Canadian. An additional point to consider is that you must wait 30 days before re-buying the same asset to properly claim the loss, if you intend to buy it back. For the best tax advice though, I would suggest investors consult a licensed tax professional rather than relying on Seeking Alpha commentators. Best, McPiro
    Jan 2, 2015. 02:45 PM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Nice, thank you
    Jan 2, 2015. 10:39 AM | Likes Like |Link to Comment
  • PIMCO Corporate Opportunity Fund: Recent Drop Represents An Attractive Entry Point [View article]
    From the date of this article:
    PTY dropped about 7% in value while returning 9% annualized in addition to two special dividends of $1.84/share and $.65/share.
    During that same time period:
    EVV dropped over 17% and, yielded around 9%, and paid no special dividend.
    FHY dropped about 12%, yielded around 10%, and paid no special dividend.
    HYT performed a bit better, dropping only 10.5% while paying some special dividends along with an 8% yield.
    NHS dropped 10%, yielded about 9%, and paid no special dividends.

    These are better alternatives?
    Dec 30, 2014. 09:23 AM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Definitely great points to consider, I appreciate your willingness to add to the discussion. Best, McPiro
    Dec 18, 2014. 10:58 AM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Excellent, I'm glad you have found an investment style that suits your needs. Thanks for viewing, McPiro
    Dec 17, 2014. 05:56 PM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Haha, indeed we will. Thanks for viewing, McPiro
    Dec 17, 2014. 01:15 PM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Care to share why you feel that way? Thanks, McPiro
    Dec 17, 2014. 10:53 AM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Definitely a risk, thanks for viewing and taking the time to comment. McPiro
    Dec 17, 2014. 10:53 AM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    That is my concern as well. Thanks for viewing and adding to the discussion. Best, McPiro
    Dec 17, 2014. 09:07 AM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Definitely an important point to consider, thanks for viewing and taking the time to comment. McPiro
    Dec 17, 2014. 09:07 AM | Likes Like |Link to Comment
  • Pimco Corporate & Income Opportunity Fund Should Perform Well In 2015 [View article]
    Every time I write an article on a Pimco fund someone always says to buy PCI instead because it trades at a discount. You do realize the fund has traded miserably since its inception? It's best to consider more than the premium/discount to NAV before making an investment. Best, McPiro
    Dec 17, 2014. 07:52 AM | Likes Like |Link to Comment
  • Avoid PHK When Selecting A Pimco Fund [View article]
    If you are looking at PHK purely from a perspective that it's distribution has a history of reliability, the investment may look attractive. However, plenty of CEF's, including many of PIMCO's, have this characteristic...so I would hardly consider that a differentiator. If you are simply investing in CEF's for the yield, why buy a fund that has a large premium when other funds exist that offer similar yields that don't? You are risking principal regardless of the reason why you bought the fund, and I doubt most investors would be happy with a 50% reduction in principal, even with the comfort of a 12% yield. Thanks for taking the time to view and comment, McPiro
    Dec 5, 2014. 12:02 AM | 1 Like Like |Link to Comment
  • Avoid PHK When Selecting A Pimco Fund [View article]
    I'm glad PHK has worked out for you, but I would hardly call pointing out the potential risks of this investment a "scare tactic". Looking at PHK's performance alone in isolation is not sufficient to determine whether or not it is a good investment. It's important to gauge how it performed, relative to others, rather than just saying it rebounded from its '09 lows. It's entirely possible PHK could have a very good year, but even if it does, will it be good enough to justify the risk one is taking by investing in it? Those are important points to consider. Best of luck, McPiro
    Dec 4, 2014. 11:46 PM | Likes Like |Link to Comment
  • Avoid PHK When Selecting A Pimco Fund [View article]
    Thanks, that is the source I used also. Appreciate the insight you provide.
    Dec 4, 2014. 12:19 PM | Likes Like |Link to Comment
COMMENTS STATS
186 Comments
70 Likes