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Alpine Global Premier Propertie Message Board

mike57dk 94 posts  |  Last Activity: Apr 15, 2014 4:51 PM Member since: Oct 30, 2009
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  • AOD continues to hold up in this " twitchy " market ...
    YTD - + 1.33% Vs 0.45% for the S&P index
    Annualized = +4.82% Vs +1.64% for the index ...

    Wow ...The Alpine guys are finally making a " run " .... after the near disastrous1:2 Reverse split in January ..the fund seems to have regained its footing ...and is performing very well as compared to the S&P index ...

    Lots of things can and WILL go wrong with this bunch ...if history is any predictor of the future ...but with the first third of the calendar year almost on the books ...they have made a decent start ...

    Holding and reinvesting the dividends at the cheap / cheap market price ...and the discount to NAV it provides.

    Sentiment: Hold

  • Reply to

    Recent Insider Trades

    by trainingforoldage Apr 9, 2014 5:45 PM
    mike57dk mike57dk Apr 10, 2014 2:57 PM Flag

    Cashless exercise of stock warrants or rights - am guessing that the four employees who exercised their right to acquire shares from the company used the so-called " cash less " exercise option ...where shares are sold to pay for the cost of the exercise and any capital gains taxation resultant from that ...
    They get fewer shares as a net result ...but taxes are paid ...cost basis established ...clock started for the more favorable Long term capital gains rate ...in 365 days ...the difference between 20% and 40% taxation plus of course Ms Pelosi's NIIT tax if applicable ...
    This makes the sale of the 13,700 shares a very BULLISH sign ...as the four employees are expecting that STXS will be trading well above current levels in a year ...and where they can reduce the taxable event by thousands of dollars should they choose to sell then
    Summary - ...smart planning ....acting on their belief in the future of the stock ...effective tax strategy ... no cash out-of-pocket and fully paid and taxed shares in their account ...clock now ticking on long term gains rate ...
    What's NOT to like ? This was a Bullish event ...NOT a Bearish sign of employees abandoning the ship .
    Thx

  • Reply to

    AOD acting interesting ...

    by mike57dk Apr 8, 2014 1:54 PM
    mike57dk mike57dk Apr 8, 2014 8:24 PM Flag

    Hey there alpine_rappr - good to see you here again ...
    With respect ..Total Return is the best and most basic metric to use in the evaluation of performance ..a simple and basic way to look at your account value ...is it more or less than when you started ?
    One account started with $11,119.86 invested in AOD ( 3/09/09) and is worth ( with dividends reinvested ) $20,752.91 according to the March end statement ...call it a + 84% gain over the past five years ...YES ..the S&P 500 index clobbered AOD during that same timeline ...but ...I had placed money with AOD and not the index so I missed out ( ouch ) But the Total return is the best measure of account performance ...and its a REAL number ..I can sell or cash in and get that $20,752 ...

    Where do they get the money for the share buy-back ?
    Answer - with an estimated 190% portfolio turnover ...AOD is essentially selling $1.9 billion worth of stock every year ...they are taking a portion of the proceeds from these transactions and retiring shares ...the annual report listed 3,544,829 shares re-purchased between Feb 2013 and Oct 1013 or about 393,869 shares per month ...split adjusted for 2014 to around 196,934 per month ...They were authorized a maximum of 10% of total shares outstanding ...so call it 22,031,000 million shares eligible to retire ...split adjusted to 11,000,000 ...
    The goal is to reduce the huge discount to NAV from the 15% land ...to below 10% ...This tactic has worked for their competitors in the past ..( ETY comes to mind ) ...
    Is the NAV report accurate ?
    Answer - YES ...they use Deloitte as their auditor and they attest to the accuracy in the annual report ..Its easy to check and confirm simply by dividing the overall stock value by the number of shares outstanding ...should equal the NAV price ...( am giving them that much )

    PUMPING the stock ? - Uh ...No ...I am HOLDING and reinvesting with a very specific game plan ..they need to pay the 8% dividend ...perform with the S&P ...

    Thx -

  • With the frothy market action and the sudden sell off with the S&P 500 index; I ASSUMED that AOD would be getting " whacked " in the market and was hesitant to even check the box score on a YTD basis ...

    Therefore, I was a bit surprised to see that AOD has been actually holding up surprisingly well given the market ...( all data from dividend channel and on a Total return basis )

    AOD - YTD = +2.31% - S&P 500 YTD = +1.22%

    Annualizing the .26 years of ytd investment duration projects AOD to deliver a +8.97% return in 2014 as compared to + 4.75% for the S&P index.

    Opinion - This is hard to explain, especially given the past ( miserable ) performance of AOD versus the index ...we all seem accustomed to AOD market price swings that significantly exceed the index on the down side, while underperforming on the positive market upward swings ....Hmmmmm

    We still have a -14.46% discount to NAV ...so perhaps the huge discount to actual market value is acting like a buffer of some sort ...?
    The stock repurchase plan is in full gear by now ...but AOD has not published a monthly update on the volume and scope of shares actually ' retired ' thus far ...we should see something with the April six month report that is published in early June ...perhaps the new portfolio managers are using their discretion to aggressively BUY shares in the open market and thus support the market price ?

    This is all guess work and supposition ....but the guys who would dare impose a 1:2 reverse split in January probably would not hesitate to jump on the stock buy-back plan much more rapidly than expected ...

    These new managers have been on the job about 15 months ...and seem determined to make their mark in turning this fund around ...increased the dividend / share buy-back / reverse split / increasing the NAV by +19% in 2013 ...greatly reduced portfolio turnover ...basically a total investment makeover ...lol...

    Its way to early to declare AOD a winner ...but it is interesting ..

    Sentiment: Hold

  • Reply to

    E-Trade stops on-line purchases of TNXP

    by mike57dk Apr 5, 2014 2:30 AM
    mike57dk mike57dk Apr 5, 2014 3:44 PM Flag

    wow ...have been slowly building a strong position ...betting on the scheduled Oct results of their test group ...hoping the market price moves up dramatically on the news of good results ...

  • have been holding shares of TNXP in my E-Trade account ..Today as I was trying to get an execution on a small lot to ADD to my position; the error message popped up saying that they would no allow purchases of this stock ..and that I was required to speak with Customer Service in order to buy additional shares ....Hmmmm ...
    I was on hold for about 10 minutes and the rep finally got his supervisor to approve the order ...They would not say why they were restricting the ability of investors to buy using their on-line program ...I don't think they knew ...
    Just a ' heads-up ' for those using E-Trade and looking to BUY shares ...guess we are spoiled and expect an immediate execution ...took about 15 -20 minutes total but it did get done ...

    Sentiment: Strong Buy

  • Reply to

    AOD - First Quarter report card ...

    by mike57dk Apr 1, 2014 1:24 PM
    mike57dk mike57dk Apr 3, 2014 8:20 PM Flag

    Quick update - with AOD closing at $8.50 per share on 4/2/14 - Dividend Channel now shows the YTD Total Return at +3.77% Versus a +3.72% for the S&P 500 with dividends reinvested ...
    Annualized that would project at +15.48% for calendar 2014 for AOD and + 15.24% for the S&P index ...

    Its a bit of a stretch to simply take the first three months and a couple of days investment duration and proclaim that things are "peachy keen" with AOD ...but ... its a decent start ...and they seem to be performing in line with the S&P 500 instead of lagging in the rear by 1000 basis points or more as they did in 2013 ...

    There is an old expression that comes to mind ..." when you are not the lead dog in the pack ..the view is all the same ..."

    Lets tear apart the coming quarterly update and the fiscal six month report thru April 2014 end ...and see what the new portfolio management team has been doing ...how many shares have they " retired "...what is their revised portfolio turnover ? what has been their per share investment experience since the Oct 31 fiscal year end ... what type of unrealized profit have they booked on the share re-purchase stock ? It should be interesting reading ...

    Summary - far from being a " don't worry ...be happy " investor ...( apologies to Bob Marley ) ...but catching up with the S&P index on a YTD basis seemed like a bit of good news for the beleaguered investors holding AOD.

  • Data courtesy of dividend channel :

    AOD YTD Total return = +2.43%
    S&P YTD Total return = +2.69%

    After the disastrous1:2 reverse split in Jan ...AOD has made up some ground on the comparable index but still lags by 26 basis points ...thru the end of March 2014 ...

    We will need to see the detailed quarterly report to see what the impact and velocity of the share re-purchase plan has been thus far ...but a good guess would be that they purchased a lot of shares in January after the reverse split in an effort to stabilize the market price ...

    The fund seems to be trying to mimic the performance of the S&P 500 index which is just fine by me ...lol ...and as long as they don't go back to the bad old days of ' buying dividends ' to enhance yield while crushing the NAV.

    We still have a whopping discount to NAV which I am hoping the 10% share buyback will help alleviate that to a more respectable 9-10% and with some of that discount reduction flowing down to the market price ...

    We can expect $0.51 per share in remaining dividends in 2014 ( Apr-Dec ) or about +6% in current market value ...

    The general market ( in an election year ) might / should provide some growth ...ballpark that at 7-8% more for AOD ....

    The revised plan for the 2014 edition of AOD is : ( wait for it )

    +2.43 % YTD + 2.5% from the discount to NAV being reduced + 6% in additional dividends + 7% from market appreciation = +17.93% return for the calendar year ...

    Well ...its a plan at least ...lets see if they can execute it.

    Looking forward to the comments ...( ouch )

  • The first quarter is officially over with the close of business today ...but ... the Total Return numbers ( including dividends reinvested ) show that ETY is significantly OUTPERFORMING the S&P 500 index by a considerable 374 basis points thus far in the new year.
    All data courtesy of dividend channel :
    ETY - YTD = +5.59%
    SPY - YTD = +1.85%
    Using the trailing 15 month period as a benchmark - ETY produced a +30.73% return VS a + 30.13% return for the S&P 500 index ...
    That's the data ...here is some additional OPINION that would suggest that ETY's " run" is far from over :
    1. The discount to NAV has declined to -7.46% to NAV ..well down from the 10-11% levels of last year but still a nice discount to net asset value.
    2.ETY continues its aggressive share retirement plan - buying back literally millions of shares in 2013 and with a mandate to do the same in 2014 ...this will help further reduce the discount to NAV ...
    3. 9% annual yield with a monthly payout ...hard to beat that strong monthly dividend stream and it effectively gives us a performance ' head start ' over the index comparisons.
    4.Selling S&P 500 index calls against the portfolio is essentially a defensive tactic ...guarding against sudden downward swings in the market ...in a solid upward moving market ...those CALL contracts limit to some extent the ability of the fund to compete with the index ...but in 2014 ...with the horrible January and some significant swings back and forth ...ETY has managed to flourish as the overall value of the defensive CALLs increased as the market declined ....
    5. ETY is making money - 2013 earned them $1.993 per share while they are committed to an annual share distribution of $1.008 per share ...
    6. NAV is well up - now quoted at $12.06 per share as compared to $10.96 on 10/31/13 ( fiscal year end ) or right at +10% over the trailing 5 month period ...This should help allay the concerns about NEGATIVE ROC and its impact on the value of the fund - THERE IS NONE.
    Thx

    Sentiment: Hold

  • Reply to

    ALPINE/AOD RIPOFF VI

    by alpine_rappr Mar 6, 2014 1:42 PM
    mike57dk mike57dk Mar 26, 2014 12:36 PM Flag

    Alpine_rappr - tried to reply again ...and it was BLOCKED ...again.
    Seems like Yahoo is blocking any discussion of performance from AOD ...perhaps because it is bad ? don't know but it seems wrongheaded ...
    The gist of my argument is simple - I have been in AOD 5.03 years of duration and have a + 89.53% Total return ...as compared to the S&P 500 over the exact same period which has a +203.16% return.
    If you had purchased AOD on the IPO - you have a - 45.73% return ...Vs a + 5.51% return from the S&P.

    The reasons to HOLD AOD :
    1. New Management team - 15 months on the job - grew the NAV +19% in 2013
    2. Dividend INCREASE in Jan of +4.6% ...first in a long time ...and a good sign
    3. 8% yield paid out monthly ...in a tight to slow market this should be an advantage ...
    4. Stock re-purchase plan starting to impact - AOD is required to buy back millions of shares in 2014 ...this should help reduce the discount to NAV 2-3 points - ( See ETY and impact share buy-back has had over last 7-8 months )
    5. Discount to NAV is hovering around 15% again - its a compelling valuation
    6. They have ceased the ridiculous 650% portfolio turnover and ' buying dividends ' tactic ...now down to 190% annualized turn over ...should be more stable and mimic the index return ...
    7.All data on rates of return courtesy of Dividend channel - hat tip to rlo12354 for sourcing that site
    8. Read the shareholder letter from the new portfolio managers in the 2013 annual report - math not BS ..."perform or perish" mentality ...These guys have their chance ...am giving them 2014 ...
    9. The nutty 1:2 Reverse split in Jan ...a " GUTS" move that they had to know would inflame the shareholders even more ...but they are almost back to even ...this could wind up helping them later in the year ...maybe not ..but I like the ability to make Tough Calls ...

    No - I don't work for Alpine or any fund ...lol ...and YES ...I have been very critical of the Liebers and Jill whats her name in the past ...

  • Reply to

    ALPINE/AOD RIPOFF VI

    by alpine_rappr Mar 6, 2014 1:42 PM
    mike57dk mike57dk Mar 24, 2014 1:56 PM Flag

    Alpine_rappr - tried to respond to your recent post ...but was blocked by Yahoo for some unknown reason ..and it was NOT an abusive post in any fashion.
    Am thinking that my complaint about john_parker and his UGLY domination on this chat board somehow got me " banned " ...
    Hope you guys can see this one ...best of luck to you all ...

    Sentiment: Hold

  • Am sure that I read somewhere that STXS has, what in effect is, a royalty killing loan to Healthcare Royalty Partners to the tune of $18.5 million at 16% interest ....plus they cannot payoff that loan without incurring a 150% of principal payment fee ..#$%$ ? ....so ...a very big portion of their product royalty stream ( approx. $3 million per year ) is devoted to debt service on this whopper of a loan obligation.
    The good news being that in Nov 2014 they can repay the loan with only a 105% of principal amount ....My guess is that, at the time, a 16% interest loan was the best they could do ... and stay in business. It is just killing their quarterly earnings ...
    The investment thesis is now ....they have proven they are a viable company ....with real products, royalty income and solid potential ...perhaps they can renegotiate with another loan provider ...pay off $19,425,000 in principal & penalty in Nov ...get say a new loan or convertible bonds at a much more favorable rate ...lets postulate 9% ...their annual debt service would drop to $1,748,250 ...from the almost $3 million per year ...( 41% savings ) and it would free up additional pledged royalty income to flow towards the bottom line ...perhaps they could also issue warrants struck at various levels ...$6 , $8 and $10 per share and take in several million much needed dollars that way as well ....( see TNXP )

    Its a ways off ...but by first quarter 2015 ...the quarterly earnings reports will look much better ....

    As long as that " nasty " loan is choking off the earnings ...STXS will suffer in a market that examines quarterly earnings as if they were written on stone tablets and brought down from a mountain top.

    I like the company ...but we need to be looking into 2015 for a significant investment return ...

    Sentiment: Hold

  • Reply to

    #$%$ was with that drop?

    by contezta Mar 11, 2014 3:42 PM
    mike57dk mike57dk Mar 11, 2014 5:46 PM Flag

    Got caught trying to bottom fish ...lol ...picked up another small lot at $12.95 ....and got slammed just a few minutes later ...oh well ...
    The reality being that my expectation for TNXP ( perhaps fervent hope ) is for a market price significantly higher than the $20 price it traded at a few months ago ...so ..$0.50 per share does not shake me ...

    Still a " true believer " in TNXP ....

    " Lord ; I am not asking for a miracle ...a little bit of luck will do ..." Robert Earl Keen

    Sentiment: Strong Buy

  • Reply to

    Lets start this board over - with data

    by mike57dk Feb 23, 2014 1:46 PM
    mike57dk mike57dk Mar 8, 2014 10:09 AM Flag

    I understand your point ...and agree that AOD has been an "underachiever" by almost any standard ...

    However ...My experience with the fund has produced an average annual return of about +14.4% ...good enough to keep a spot in the equity portion of the portfolio ....

    I am intrigued by the new management team and the aggressive decision making - raise the dividend +4%, stock purchase / retirement plan , reducing portfolio turnover to more of an investment oriented basis versus a ' flip-this-house ' mentality ...

    Even the 1:2 Reverse split in Jan was a "GUTS" move that they just had to know would hurt them with investors ....

    ETY managed to narrow their discount to NAV by a little over 4% in 12 months ...by buying back 2.7 million shares ...and AOD has just become active with their own 10% buy-back plan ...and they boosted the NAV by +19% in 2013 ....am hoping the share retirement plan for AOD will get us 3-5 points off the discount to NAV in 2014.

    This all bodes well for the 2014 prospects of AOD ...they have essentially made up the lost ground from the Jan reverse stock split ...

    I am NOT a cheerleader for Samuel Lieber and can't stand to read his rationalizations printed in the annual report ....but...I did like the candid letter from Brian Hennessey and Joshua Duitz , the new co-portfolio managers, and have a feeling ( hope ) that they are committed to making this fund competitive again ...

    Its a Comeback story for sure ....but the fundamental pieces are in place ...2014 is their make or break year ...

    Quote Courtesy of Robert Earl Keen - " Lord ..I am not asking for a miracle .....just a little bit of luck will do..."

    Should be the AOD motto for 2014 ...

  • Reply to

    Jan 2014 - 92% ROC

    by mike57dk Feb 26, 2014 12:25 AM
    mike57dk mike57dk Mar 7, 2014 12:33 PM Flag

    My broader point is that there is NEGATIVE ROC ...where the fund is simply giving you back your own invested principal and calling it a distribution. Bond funds do this ...and reduce the basis ...a CMO bond purchased years ago might have a face value of $10,000 but a cash value of $100 for this reason ...
    ETY has been earning its dividend and making the distribution by adjusting the volume of usage of the S&P index contracts it sells each month against the portfolio ...they also had portfolio turnover of 130% in 2013 earning $1.993 per share and $627,102,500 in capital gains ...while growing the NAV a robust +8.3% ....that is POSITIVE ROC and a good sign for the fund.
    The most compelling argument, however, is the + 28.38% return in calendar year 2013 ...YTD ....we see ETY up a +3.8% versus the S&P 500 index being up +1.47% ...
    The fund features the words " tax advantaged " in its name ...and if they can pace or exceed the benchmark indices ...while growing the NAV ...

    Well ..simply put ...You will have a lot more money with ETY than with a simple index fund ....the net taxation rate being around 4% on the $1.00 per year dividend ...for most investors.

    We keep a lot more of what we earn with ETY ...and with the numerous new tax laws passed ...that will make a big difference ....

    Hope this proves helpful -

  • Reply to

    Jan 2014 - 92% ROC

    by mike57dk Feb 26, 2014 12:25 AM
    mike57dk mike57dk Mar 7, 2014 12:07 PM Flag

    retiredafe8 - Thanks for the comment ... and you are correct about the ' Other Capital ' or ROC component of the dividend distribution being 62% in Feb and 82% or so ytd ...
    Since ROC is your own money coming back to you as you put it ...that portion is NEVER taxable ...
    When ETY started out ...they used an Options advisory firm to essentially sell covered calls against the stocks in the portfolio ...CALLS only ...because of the unique tax treatment they received ...as settled by the US Supreme Court in 1992 ( I believe ) ...
    Example - you own 1,000 shares of ABC stock at $20 per share ...and sell the call struck at $22.50 against that position ...10 contracts ...and in exchange for selling the right, but not the obligation to sell the 1,000 shares at $22.50 for the next few weeks or months ( depending on the expiration ) ...you receive a premium of $1.00 per share ....x 1,000 shares = $1,000.
    Now ...the contract expires worthless ...as the vast majority of the Call contracts do that ETY uses ....you still own the 1,000 shares of ABC ...contract has expired and is no longer an obligation ...so ...what the heck do you do with the $1,000 you netted ? - US Supreme Court says its " Other capital " or ROC ....That does NOT reduce your cost basis in ABC stock ...
    Years later ...ETY switched to simply selling S&P 500 index calls against its overall portfolio ...as many as 80,000 contracts per year ...with an average two week duration ... most of these expired worthless ....with the notable exception back in June 2013 when the market took a sudden - 500 point hit ...and the value suddenly spiked upward ...protecting the NAV from overall loss ...But what on earth happens to the Option premiums taken in from the sale of 50,000 -80,000 option contracts per year ? IRS rules ( section1256 contracts ) provide a 60 /40 tax treatment ...long / short gains ...which is very favorable compared to just ordinary income rates - that money is also classified "Other Capital" ...

  • Reply to

    $8.46 - some early data

    by mike57dk Mar 5, 2014 12:40 PM
    mike57dk mike57dk Mar 7, 2014 1:41 AM Flag

    rlo12453 - I usually try and scale in as well ....am building a speculative position in TNXP if you are looking for something with breathtaking upside ...picked up 150 shares this afternoon ...building towards a 1,000 share position ...maybe more if I can swing it ...
    ETY is my other " baby " ....the stock buyback has really helped them ....they have reduced the discount to around 8.5-9% ...pay out a 9% ish dividend monthly ...yielded + 28% in 2013 and is off to a great start here in 2014 ...way ahead of the S&P index ...
    Appreciate the heads- up on the other poster ....but as I said before ...being closely questioned on the merits of an investment keeps us sharp ...I have not made a " suicide pact " with the Alpine guys ....if they don't make the step up this year ...they need to take a seat on the bench ...lol

  • Reply to

    $8.46 - some early data

    by mike57dk Mar 5, 2014 12:40 PM
    mike57dk mike57dk Mar 7, 2014 1:26 AM Flag

    Started with AOD on March 9,2009 ...trying to bottom fish....and purchased two lots of the stock for approx. $19,000 ...now worth $37,218 with dividends reinvested ...my calculator says that's about +14.4% gain per year ...the S&P index has returned + 22.67% over that same time period ...so in a very literal sense the investment should be worth somewhere close to $52,777 if it had simply tracked the principal index.

    AOD has been a laggard by almost every measurable standard .... EXCEPT YTD 2014 ...

    They have a new management team with about 14 months on the job ...large dividend paid out monthly ...and a big share re-purchase program underway to reduce the 15% ish discount to NAV...
    They have made a bold and controversial move to reverse split the stock 1:2 in Jan 2014 ...they increased the dividend by about 4% in Jan ....they grew the NAV by 19% in 2013 ...

    Oh they abandoned the whacky 650% portfolio turnover tactic of " buying dividends " ....now favoring a more income and growth plan ....

    The fund has a ' LEGION ' of detractors ...and rightfully so ...since its down well over 40% from the IPO price ....

    What do I expect ? they need to pace or track with the S&P 500 ...close the discount to NAV by 3-5% ...buy back about 7% of their total outstanding shares in 2014 ...grow the NAV a reasonable amount ...6%-10% ? ....pay out the 8% + dividend ...no cuts ....

    Its a TALL ORDER ....but it can be done ....Should they miss by any appreciable amount ....I will go looking for an alternative ....

    Its tough being a defender of AOD ....lol ...

    Sentiment: Hold

  • Reply to

    $8.46 - some early data

    by mike57dk Mar 5, 2014 12:40 PM
    mike57dk mike57dk Mar 6, 2014 1:59 AM Flag

    rlo12453 - I am not sure if you really purchased the stock ...and now the pressure is overwhelming on me for AOD to perform ...lol....
    The discount to NAV seems to be our Ace in-the-hole VS an index fund ....the share buy-back should help ....( ETY has lowered its discount to NAV a bit over 4% since they started buying back shares a year ago ) Hopefully ...we will see a similar reduction in discount with AOD over the next 8-10 months as well ....well ...we can hope.
    Good Luck with this one ...It should do Ok ...but there are so many ( rightfully so ) angry investors ...that it impacts the market price action in a significant way ...
    Glad you are on board ...at least we can lament over the quarterly reports ...look for issues ...

  • With the market price at $8.46 this am ...AOD has essentially recovered within a dime of the disastrous 1:2 Reverse split in Jan ...and given the poor performance of the Jan market in general ...I am taking that as a positive sign ...
    Y-Charts is showing AOD to be UP 1.76% on a Total Return basis YTD compared to a plus 1.38% on the S&P 500 index ...On virtually ANY other timeline basis ...the S&P index vastly OUTPERFORMS AOD ...so don't construe my comment as saying that AOD is a better pick ...lol ...
    Frankly ...this is the last year I will hold Alpine ...unless and until the new management "shows me the money " ( apologies to Cuba Gooding Jr ) ...
    They need to at least perform consistent with the general market indices such as the S&P 500 ...

    One of the other posters mentioned that they might be just trying to mimic the index ...and that's just fine by me ...lol ...

    Summary - Lots of warts and problems with AOD ... but there exists some potential for them to have a decent to good year ...am holding / reinvesting the strong dividend stream ..." watching & waiting " ...

AWP
7.12+0.07(+0.99%)Apr 17 4:03 PMEDT

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