Saturday, August 13, 2011

Efficient Market ?

One company, two classes of stock. Both classes are exactly equal in rights except for one: The second, of class B shares, have 8 votes per share versus only 1 vote per A share.
Today, the B shares trade at 12, and the A shares at 16. Does it make any sense ?
The company in question is SunPower (SPWRA and SPWRB). Interesting to note that most brokerage analysts only talk about the A shares when they give estimates and recommendations.

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