AB has been in recovery since my last purchase. It's not yet risen enough to trigger a distribution of shares but is getting closer.
I've collected a stream of dividend payments along the way (which are not shown in the above "cash" segments).
My three goals when I started this investment were:
1) Price Appreciation over Time
2) Dividend Capture over Time
3) Volatility Capture over Time
AB has delivered nicely so far.
Robert Lichello's AIM - The perfect Portfolio Gyroscope.....
Some might say to start with these three objectives:
1) Price appreciation over time
2) Dividend capture over time
3) Profitable Volatility capture over time.
These are not mutually exclusive goals. Once the objectives are defined you then need gyroscopic precision to keep on target. Yes, there will be times when conditions will try to knock you off course. That's where the portfolio gyroscope will come in handy.
PS: Note the common feature of all three objectives - TIME...
Effective Yield is above 10% again now with the share price under $38. That seems like it justifies shifting some reserve cash back over to owning more shares. Order is in GTC at a limit of $37.45 to add 12% more shares to my position.
My Lichello investment management model had me repurchase shares for the account on Tuesday. It was the first restocking since starting this investment during the Covid meltdown.
There's still quite a bit of cash left in reserve for this holding should the price/share decline further. The current yield at this price is over 9%/yr. That's slightly better than MMFs!
AB continues to throw off healthy dividends on a quarterly basis while the price/share continues to climb. Today's high of $49.55 gives me a healthy cap gain overall plus the accumulated dividends since starting this holding on March 25, 2020.
Last Friday AB triggered my GTC Limit order to sell 5% of my position at $29.90.
This AM it was up again nicely at above $33 briefly.
After starting my position in AB at $18.60 back on 03/25/2020 the price/share rose enough for me to take my first profits yesterday at $23.24. That's close to a 25% LIFO turn on the shares sold. While the yield is now currently around 11% it was around 15% when the position was started.
Taking profits now will help to offset the yield that would have been gained if I'd waited a year. I now have cash available to repurchase shares should we see a W bottom in the price per share. I still have 90% of the starting position should the price continue to rise.
AB certainly presented a compelling argument for stock ownership in recent days. The Price/Book Value dropped well below 1.0, Yield hit 15+% as the stock price fell by around 50%.
I added substantially to my existing holding (taxable) and tossed out a stock in my IRA and used the proceeds to buy AB inside that account as well.
I see this hasn't been a very active thread but maybe some value investors will show up here.
AllianceBernstein Sees Decade-High Jobless Rate Spurring RBA Cut
By Candice Zachariahs & Benjamin Purvis - Apr 22, 2013 1:00 AM MT.
AllianceBernstein Holding LP (AB), which manages $437 billion of assets, expects Australia’s central bank to lower interest rates by as much as 50 basis points this year as the jobless rate rises toward its highest in a decade.
The nation’s currency, which has remained above $1 for a record stretch, will decline as benchmark rates fall and an unprecedented mining investment boom ebbs, Guy Bruten, a senior economist for the Asia Pacific region, said at a briefing in Sydney today. Annual growth in China, Australia’s largest trading partner, will slow to 7.5 percent on average for the rest of this decade, he said.
“It’s still likely that we’ll see one or two interest-rate cuts this year,” Bruten said. “As this story plays out, with the non-mining sector not accelerating fast enough to take up the slack and as the unemployment rate starts to shift higher, I think that provides the trigger for more rate cuts.”
The jobless rate will probably rise about 1.5 percentage points over 18 months from the 5.6 percent rate seen in March as sectors sensitive to the resources boom begin to shed positions, he said. A 7.1 percent unemployment rate would be the highest since October 2001.
Swaps traders are predicting 39 basis points of cuts over 12 months to the Reserve Bank of Australia’s 3 percent benchmark, according to a Credit Suisse Group AG index. There is a 53 percent chance that the rate will be reduced to a record- low 2.75 percent at the June 4 meeting, Bloomberg calculations show.
AllianceBernstein estimates the fair value for the Australian dollar near the mid-80 U.S. cent range, though Bruten said it probably won’t trade down to that level by year-end.
“That’s the direction we’ll be going, whether it’s this year or the end of next year, an Aussie dollar in the 80s seems to be a reasonable forecast,” he said.
The currency bought $1.0282 as of 4:57 p.m. in Sydney, after falling 2.2 percent last week in its biggest decline since May.
In China, “there’s a great reluctance to try to go for growth at any cost,” said Bruten. The market will have to adjust to a more-slowly growing China as policy makers take the nation’s 7.5 percent growth target seriously, he said.
The Standard & Poor’s GSCI Index of commodities dropped 2.3 percent on April 15 after Chinese data showed gross domestic product rose 7.7 percent in the first quarter from a year earlier, missing the median forecast for 8 percent growth, and slowing from 7.9 percent in the fourth quarter.
China’s slower expansion in the first quarter is “normal” as the world’s second-largest economy sacrifices growth to make structural reforms, People’s Bank of China Governor Zhou Xiaochuan said April 20.
“China’s undergoing economic restructuring, which sometimes is not in lockstep with growth,” Zhou said. “We need to sacrifice short-term growth for the purposes of reforms and structural adjustments.”
~ Wednesday! $AB ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $AB ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
~ Google Finance: http://www.google.com/finance?q=AB
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=AB#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=AB+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=AB
~ BusyStock: http://busystock.com/i.php?s=AB&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=AB >>>>>>
*If the earnings date is in error please ignore error. I do my best.
<<< $AB Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/AB
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/AB/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/AB/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/AB/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/AB/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/AB/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/AB/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/AB/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/AB/research
Google Finance Summary ~ http://www.google.com/finance?q=AB
Google Finance News ~ http://www.google.com/finance/company_news?q=AB
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=AB
Google Finance Financials ~ http://www.google.com/finance?q=AB&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=AB
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=AB&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=AB+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=AB+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=AB+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=AB
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=AB+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=AB+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/AB
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/AB
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=AB+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=AB+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=AB+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=AB+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=AB+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=AB+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=AB+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=AB+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=AB+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=AB+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=AB+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=AB&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=AB
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=AB
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=AB
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=AB
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=AB
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=AB&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=AB&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/AB?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/AB
Barchart Options Quotes ~ http://barchart.com/options/stocks/AB
Barchart Technical Chart ~ http://barchart.com/charts/stocks/AB&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/AB&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/AB
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=AB
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/AB
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/AB
Barchart News Headlines ~ http://barchart.com/news/stocks/AB
Barchart Profile ~ http://barchart.com/profile//AB
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=AB&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=AB&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=AB&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=AB&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/AB/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/AB/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/AB/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/AB/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/AB
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/AB/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/AB/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/AB/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/AB/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/AB/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/AB/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=AB&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=AB
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=AB
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=AB&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=AB
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=AB
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=AB&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=AB.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=AB®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/AB
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/AB/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/AB/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/AB/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=AB&selected=AB
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=AB&selected=AB
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/AB/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/AB/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/AB/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/AB/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/AB/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/AB/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/AB/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/AB/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/AB/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/AB/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/AB/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/AB/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/AB/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/AB/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=AB&selected=AB
NASDAQ Financials ~ http://www.nasdaq.com/symbol/AB/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/AB/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/AB/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/AB/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/AB/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/AB/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/AB/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/AB/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/AB.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/AB/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/AB/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/AB/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/AB/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/AB/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/AB/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=AB
YCharts ~ http://ycharts.com/companies/AB
YCharts Performance ~ http://ycharts.com/companies/AB/performance
YCharts Dashboard ~ http://ycharts.com/companies/AB/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=AB&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=AB&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=AB&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=AB
Zacks Quote ~ http://www.zacks.com/stock/quote/AB
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=AB
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=AB
Knobias ~ http://knobias.10kwizard.com/files.php?sym=AB
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=AB
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/AB/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=AB&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=AB®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=AB®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=AB®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=AB®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=AB®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=AB
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=AB
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=AB&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=AB&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=AB
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=AB&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=AB
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=AB
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=AB
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=AB
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=AB
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=AB
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=AB
Investorpoint ~ http://www.investorpoint.com/ enter "AB" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "AB" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=AB
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=AB
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=AB
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=AB
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=AB
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "AB" and click search.
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=AB
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=AB
Check those searches for recent AB mentions. If AB is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS