AllianceBernstein Holding LP

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AllianceBernstein Holding LP

NYSE

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Bayguy

01/12/23 10:23 AM

Post #55

8:50 am ET January 12, 2023 (Zacks):
AllianceBernstein (AB) holds a #1 (Strong Buy) at the moment and its Most Accurate Estimate comes in at $0.57 a share 29 days away from its upcoming earnings release on February 10, 2023.

Bullish

OldAIMGuy

11/22/22 3:52 PM

Post #54

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.

Best wishes,
OAG Tom

OldAIMGuy

10/11/22 7:22 PM

Post #53

I added an extra 12% to my position today at $33.55.

Effective yield = 11+%/yr at that price.

OAG Tom

OldAIMGuy

06/28/22 9:00 AM

Post #52

Robert Lichello's AIM - The perfect Portfolio Gyroscope.....

Example:

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.
Best wishes,
OAG Tom
PS: Note the common feature of all three objectives - TIME...

OldAIMGuy

05/11/22 12:45 PM

Post #51

Re: #50: @OldAIMGuy - My Lichello investment management model had me repurchase

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.

Best wishes,
OAG Tom

OldAIMGuy

02/24/22 9:01 AM

Post #50

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!

Best wishes,
OAG Tom

OldAIMGuy

10/29/21 10:55 AM

Post #49

I let an additional 5% of my AB shares go yesterday at $53.08. It's been a very nice run recently and the cash reserves are now very healthy for any future buying that might be indicated.

Best wishes,
OAG

OldAIMGuy

08/26/21 12:19 PM

Post #48

Re: #47: @Nebuchadnezzar - AB

Hi N,
Here we are at $51 and the effective yield is still ~6.6%.

I'm pretty happy. My kids are pretty happy, too, since they both own AB as well.

Best wishes,
OAG

Nebuchadnezzar Free

08/07/21 1:54 AM

Post #47

Re: #46: @OldAIMGuy - AB continues to throw off healthy dividends on

OldAIMGuy

08/02/21 3:42 PM

Post #46

Re: #45: @OldAIMGuy - Last Friday AB triggered my GTC Limit order

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.

Best wishes,
OAG

OldAIMGuy

10/12/20 12:10 PM

Post #45

Re: #44: @OldAIMGuy - AB's now less than 1% away from my

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.

Best wishes,
OAG

OldAIMGuy

10/08/20 4:08 PM

Post #44

AB's now less than 1% away from my next Sell price for 10% of the remaining shares. Price is now up ~60% from where I re-started this holding in late March.

OAG Tom

OldAIMGuy

04/30/20 9:34 AM

Post #43

Re: #42: @OldAIMGuy - AB certainly presented a compelling argument for stock

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.

OAG

OldAIMGuy

03/25/20 1:56 PM

Post #42

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.

OAG Tom

stocktrademan Free

07/27/17 11:30 AM

Post #41

AB buy 25.45

note: limited partnership, k-1 forms

price crossed above a doji or spinning top

normal chart

log chart

ECole

07/31/13 10:37 AM

Post #40

Q2-2013-Earnings-Call updates

http://www.earningsimpact.com/Transcript/82554/AB/Q2-2013-Earnings-Call

eastunder

04/23/13 7:16 PM

Post #39

AllianceBernstein Sees Decade-High Jobless Rate Spurring RBA Cut

By Candice Zachariahs & Benjamin Purvis - Apr 22, 2013 1:00 AM MT.

http://www.bloomberg.com/news/2013-04-22/alliancebernstein-sees-decade-high-jobless-rate-spurring-rba-cut.html?cmpid=yhoo

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.

Fair Value

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.”