These Huge Dividends Are (Still) Cheap After The August 5 Crash [Forbes]
Western Asset High Income Opportunity Fund, Inc. (HIO)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-high-income-opportunity-fund-inc.html
Company Research
Source: Forbes
terrific opportunity to buy stocks—better still our favorite income plays on stocks But wow, was that window brief! Stocks have more than recovered since, and are what I'd call highly valued, with a price-to-earnings ratio of around 27.5. Let me be clear: I'm not saying stocks are overvalued : They're likely to keep posting good returns because earnings are rising, and the economy is still dodging the recession we've been warned about for three years now. However, there is a greater risk of volatility kicking up again. We now know that the August 5 crash had little to do with Japan and a lot to do with pent-up investor anxiety. Such irrational selloffs are likely to come our way again. But not to worry—we've got a plan for that: When the market pulls back, we're going to put more emphasis on stocks (and stock-focused CEFs). But when the market fully recovers, like it has now, it's time to buy something many people overlook: high-yield corporate bonds. Think CEF , Not ETF , Wh
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