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Alliancebernstein Income Fund Message Board

  • c_wallis_jr c_wallis_jr Aug 9, 2013 1:03 PM Flag

    ACG is now almost 15% discounted from asset value.

    And it's currently paying out 6.7 % annually. The bulk of its portfolio is invested in AAA paper.

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    • Would you #$%$ about discount???? ACG could fall to 50% dscount..nine of this matters you braindead idiot. You have no idea #$%$ is going on. Wit complete idiots like you in this dog, I getthe feeling only stupid morons wn it and as a result I plan to sell my shares ASAP and take a short position. Rule #1: Stay out of investments that are owned by idiots.

      Sentiment: Strong Sell

      • 2 Replies to davedave.2013
      • Actually discount does matter for long-term holders like me who hold this in IRAs, use DRIP, and look at discounts as opportunities to add a little bit to a position. With this fund you have to concentrate on charts tracking growth of $10000. Only problem is that calling a bottom is impossible, so you have to be cautious buying here. Go short if you want to, but brokers usually don't allow CEFs to be shorted.

        Sentiment: Hold

      • No need to call names, he serves a purpose which will benefit some folks that believe the large
        discount represents a buying opportunity, I find myself in that camp and so do a lot of other knowledgeable experienced wall street veterans.
        Sorry you feel so anguished by his posts but it's probably in your best interests to sell and move on.

    • You'll need to update how much of a bargain this is almost daily cause the price keeps dropping. I'm a shareholder and understand what you're saying, but this will continue to fall until the tapering is finalized. Not worth talking about how much of a bargain it is now when it will be a HUGE bargain over the next few months.

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