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Alpine Global Dynamic Dividend Message Board

  • cleats0072000 cleats0072000 Oct 8, 2008 12:54 PM Flag

    Back in!

    I sold AGD at a loss @ 10.88 three weeks ago & got back in this morning at 5.99. If the world doesn't go to s#%*% this stock should be in the teens in less than 18 months with a faboulous dividend to enjoy. Take a chance & good luck.

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    • that divy is just giving your investment back - mostly - actually some is income but not much. if the demon crats require that banks with tarp money must suspend dividends there are a lot of income investments going under-- write your congressman.

      • 2 Replies to troutbum_101
      • troutbum_101,

        You raised very hot question. More and more people realize return on investment is what we have here. As far as bluebuick2003 response going, we don’t know who he trusted more CEO of Bear Sterns or CEO of Lehman Brothers? And why do we have to trust to Alpine management more? People pay $1 premium per share as of today to get what? 60% loss of their investment over last 12 month. Similar closed-end funds trade at 20 - 30 % discount, so they at least have support of their dividend via discount. This fund trades at premium. If you put this fund inline with them, this is $5.5 - $6 per share fund. I am not in position here to give financial advice, but answer to this mess is audit. They have to prove it now. They have to hire independed company and provide audit of their transactions. Then in Alpine we trust.

        Cheers.

      • trout,

        in the quarterly conf call transcript, mgmt states that the dividend paid to holders of this fund is 100% covered with dividend income recvd from the stocks held in the fund. this was a past and forward looking statement and is on page 4 of the transcript. it covered historical dividends along with those to be paid in oct, nov and dec. it specifically states no return of capital.

        please read the transcript before making these allegations of return of capital. it is just a big lie that doesn't help anyone. saying it is happening when mgmt says it is NOT happening just shows stubborn ignorance. you haven't done any homework on the fund at all. if you understand how the fund works, it isn't so hard to understand the high yield.

        the posters on the AOD board are much more informed than most of the posters on this board. there is no talk of return of capital on that board and there shouldn't be any here either.

        the fundamentals of AOD and AGD are the same. go to the AOD board and suggest the dividend is partial return of capital. see what kind of response you get there and please report back.

        lastly, note that both are now trading at a premium to their NAV (see XAODX versus AOD and XAGDX versus AGD). that tells me that investors are bullish on these two funds. i'm not here to sell anyone on the funds. i own both and i'm not adding to either as i'm full up on my desired exposure. but please stop with the nonsense about return of capital. it hasn't happened yet and won't happen through december.

        if you want to suggest that it will happen later, i'd like to hear your basis for such. but don't suggest it is happening now because it is not and that is a fact that cannot be denied by an informed investor.

    • Yahoo reports an absurd dividend yield of 31% - is this really true. or is it better to buy the S&P Dividend play SDY

    • Congratulation on your optimism. The thing you just did is “Wash sale”, and you cannot deduct your loss. Read wash sale 101:
      http://www.fairmark.com/capgain/wash/ws101.htm

 
AGD
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