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PIMCO High Income Fund (PHK)

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Instablog posts on PHK

  • PHK’s Semi-Annual Review: Distribution Reduction Long Overdue by Joe Eqcome
    Conclusion: A review of Pimco High Income Fund’s (PHK) semi-annual report supports the 2010 FY (3/31/10) estimated range of $.85 to $.95 per share for Net Investment Income for Common Equity (“NIICE”). (See: Pimco High Income Fund: Is Management Signaling the Stock’s... More »
    December 10, 2009 • PHK
  • CEFs Week of 12/04/09: Real Estate Surges by Joe Eqcome
    CEF Weekly Review: The 13 closed end fund (CEF) types on average posted a 1.4% increase for the week ending 12/04/09. On an aggregate, unweighted basis, the weekly average price change for the 496 CEFs increased 1.6%. The weighted 49 CEFs comprising the Claymore CEF Index registered an average... More »
    December 5, 2009 • PHK, DCA, BIF
  • Pimco High Income Fund (PHK): A Swan Song by Joe Eqcome by Joe Eqcome
    Preface: I believe I have clearly stated my case with supporting data for the overvaluation of PHK. Furthermore, I feel there is nothing I can add beyond what’s been written. So, this will be the last comment I have on PHK until there is a major corporate event that proves me either right... More »
    September 14, 2009 • PHK
  • A New Appreciation for PHK’s Investors by Joe Eqcome
    Conclusion: Recent investors in Pimco High Income Fund (PHK) may not be as dumb as I initially suspected. That honor may be duly shared by Pimco and Bill Gross who may have placed themselves in an untenable position. Consider the Following: 1.   PHK’s stock had been... More »
    September 9, 2009 • PHK
  • Top Commodity Play by Don Dion
    Don Dion reveals the smartest and best way to play the commodity sector in this video.
    August 26, 2009 • PHK
  • PHK: Where’s the Beef? In Search of the Premium by Joe Eqcome
    Conclusion: According to Pimco High Income Fund’s (PHK) recent annual report, ninety-four percent (94%) of PHK’s portfolio, under FAS 157, is valued on a “mark-to-model” indirect pricing (“Level 2”) methodology. This means that PHK’s NAV is largely based... More »
    August 11, 2009 • PHK
  • CEFs Week of 7/31/09; Divergent Fund Type Discount Changes by Joe Eqcome
    The 13 closed end fund (CEF) types on average were up 1.9% for the week ending 7/31/09. The S&P 500, as measured by the SPDR S&P 500 ETF (SPY), registered an increase of 0.8%. On an aggregate, unweighted basis, the weekly price increase for 639 CEFs was up 1.8%. The weighted 51 CEFs... More »
    August 2, 2009 • EFR, KYN, TSI
  • CEFs Week of 7/24/09; Convert Funds Lead by Joe Eqcome
    The 13 closed end fund (CEF) types on average were up 2.7% for the week ending 7/24/09. The S&P 500, as measured by the SPDR S&P 500 ETF (SPY), registered an increase of 4.2%. On an aggregate, unweighted basis, the weekly price increase for 641 CEFs was up 2.6%. The weighted 51 CEFs... More »
    July 26, 2009 • BIF, PHK, FHI
  • PHK Still Defying Gravity by Joe Eqcome
    Conclusion: There appears no basis of support for PHK’s current share price other than a distribution yield that is increasingly becoming suspect. A significant source of PHK’s net investment income has come from its leverage which it has and is committed to reduce.I have written... More »
    July 22, 2009 • PHK
  • The Perplexing Case of PHK: Stock Appears Substantially Overvalued by Joe Eqcome
    The Perplexing Case of PHK: Stock Appears Substantially OvervaluedPreface: In my weekly CEF update of July the 2nd, I mentioned PHK as a focus stock for the reason I couldn’t understand its valuation relative to its high yield peer group(s). I queried whether anyone had any insight as to... More »
    July 8, 2009 • PHK, HIX, EAD

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