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Alliancebernstein Income Fund Message Board

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  • oldgeezersrock oldgeezersrock Jul 9, 2002 10:14 AM Flag

    Some thoughts

    It looks at this time anyway I have to agree with you. I just can not see another reason for the drop. Also I think the only reason the share price is holding up is nothing more than the yield and need for greed. I would think the upcoming earnings report will be a real clue as to if a dividend cut is coming.

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    • for greed as this need that was displayed by ACG management in shoving a rights offering down existing shareholders throats at the top of the interest rate market has come home to haunt as ACG management invested these funds in high risk crap that has gone bad!!!!!

      • 1 Reply to smallfast
      • I dont know what to say. USA did a rights offering and the share price tanked to $7.50. I will say this though. That dam tech stock I sold my ACG to buy has tanked and I would be ahead if I would have held ACG down into the $6 range. At least I would be getting a dividend. And it would be just a mater of time till I got my principal back. So I don't know I guess its all how you look at things. I am just thankfull I am diversified enough to keep things going.

 
ACG
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