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Alpine Total Dynamic Fund's (AOD) recent distribution cut may have permanently alienated its...

Alpine Total Dynamic Fund's (AOD) recent distribution cut may have permanently alienated its fans, but at least one knock - its premium to NAV - no longer remains. At $3.99/share, the stock is trading at more than a 13% discount to NAV. Samuel Lieber - the President - is a buyer, picking up 50K shares at $4.01 on Friday.
Comments (2)
  • BROBRO1
    , contributor
    Comments (30) | Send Message
     
    Seems as if Sam is a little desparate.
    He has run this stock into the ground and the dividend with it.I wathed the price drop from the 20s to 3.75 and the dividend was decimated along the way. good luck to those who wish to hang on. There are much more attractive fish to fry!!
    29 Jan 2013, 04:08 PM Reply Like
  • CaptainDK
    , contributor
    Comments (6) | Send Message
     
    Hope it's finally found a bottom.This may be some indication of such. I got suckered into the initial IPO by my Stifel broker at the time pounding the table saying it and AWP were the best thing since slice bread for my IRAs. They said Stifel had a meeting with all their brokers and pushed both as being the best for their clients.
    29 Jan 2013, 04:11 PM Reply Like
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