AB is doing really bad comparing to its competitors like Janus, TRow Price, EV. Does anyone know why? The only thing I can think of is the subprime mess that we are seeing in the financial sector. I don't know if AB has any exposure to it.
Well actually, William Smith requested a medical procedure that he argued that the company should pay for and honor recovery off time! He was met with negitave sentimat by some of the upper exc's and legal procedings were opened in a quite court? At the end of the day with proceders complete and the internal affires of the complient dept sent a new officer to review the case. Now Wilma asserts that this man sexually assulted her/him and is sueing for sexual discremantion for 250 million.
I tend to favor the comments made by dickigby. It is a harrowing experience to see this stock get pummeled. They did lose some assests under management, but this happens all the time, with AB.
Had I a crystal ball I could have sold at a higher price and bought back in now. I got in around 45 and with the dividends I hardly ever pay attention to the sometime gyrations the stock, makes. If it goes much lower I will buy some more.