Income from AllianceBerstein (AB) - Steven Halpern

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Income from AllianceBerstein (AB)
Sep 28, 2009 04:00 PM UTC

Steven Halpern

Return	Risk
+5.39%	MID

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Symbol	Sentiment	Start	Return	Closed
AB	n/a

Via BloggingStocks:

Filed under: Newsletters, Stocks to Buy, Recession

"Our latest high-dividend stock pick is AllianceBernstein (NYSE: AB), a leading global money manager," says Mark Skousen.

In his premium service, High-Income Alert, he explains, "The company offers mutual funds, structured products, and managed accounts to corporations, endowments, institutions, and government agencies.

"Of course, asset managers collect fees based on the quantity of assets under management. As asset values decline, so do net fees. And, needless to say, with the haircut that world bond and equity markets have taken during the past two years, sales and earnings at AllianceBerstein have fallen.

Continue reading Income from AllianceBerstein (AB)

Income from AllianceBerstein (AB) originally appeared on BloggingStocks on Mon, 28 Sep 2009 11:00:00 EST. Please see our terms for use of feeds.

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