AllianceBernstein Holding LP (AB)
AllianceBernstein Holding (AB) reported a 45% increase in Q4 net income ($1.48 vs. $1.16E). AB announced a $1.48 distribution per share. AB is an asset manager that acts like a REIT, technically it is a publicly traded partnership. I have been long this stock since November when I swapped out of Etrade (ETFC) and went long (AB). The trade has worked out well as AB has increased 19% since my purchase. I am raising my target price to $118 which is 20X my $5.90 2007 EPS estimate. Watch for upgrades to come. AB is called $1 higher in after hours trading.
Note: I am long AB
Note: I am long AB
posted by Big Ben at Wednesday, January 24, 2007
4 Comments:
Hello Ben,
I am a new visitor of your blog and have found your blog interesting. You have good blog on Investing.
19%?? Since November of 2006? That's amazing. I'm torn between stock market investment and UK
land investment and UK Land It's all about big returns.
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