AllianceBernstein Holding LP (NYSE:AB)

gameguru (31.13) Submitted: 9/26/2011 1:02:31 PM : Start Price: $13.49 AB Score: -15.65

This stock has been crushed by the market. Absolutely bludgeoned with a massive hammer-like instrument. It is now selling at about 80% of book value, at 0.3% of assets under management (AUM), and comes with a nearly 9% annual distribution (albeit occasionally erratic). It is just smack-you-in-the-face-until-you-holler cheap. Yes, there are some tax implications of its partnership structure, but this is just a minor inconvenience. AUM will continue to shrink as the markets struggle, but when investor confidence returns, AB's stock will follow.