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GOOG & GOOGL
Posted on 4/3/14 at 10:35 am
Posted on 4/3/14 at 10:35 am
Good buy, since split?
And which is the better share to own?
And which is the better share to own?
This post was edited on 4/3/14 at 10:41 am
3
Posted on 4/3/14 at 10:55 am to Boudin
crazy. need to read more about this
Posted on 4/3/14 at 11:02 am to Boudin
quote:
Good buy, since split?
Ok, I'm just going off of what I have heard from the talking heads and I could have misheard/misinterpreted things. But isn't this a play by Google to gain more control over their stock
Posted on 4/3/14 at 11:06 am to Lsut81
Correct, but it's more accessible to those without 50k to drop
Posted on 4/3/14 at 11:08 am to Lsut81
quote:
isn't this a play by Google to gain more control over their stock
I think it is more about the founders 'retaining' control of the company. The founders still own a majority of the stock shares, but it was being diluted every time they offered stock incentives for mergers and acquisitions. So they created non-voting shares that they can now offer instead.
Posted on 4/3/14 at 11:09 am to Boudin
quote:
Correct, but it's more accessible to those without 50k to drop
I highly doubt that the lower cost stock pays out the same dividend
So all in all, it would all be relative...
Posted on 4/3/14 at 11:39 am to Lsut81
quote:
I highly doubt that the lower cost stock pays out the same dividend
Google has never paid a cash dividend. This is from their investor FAQ...
quote:
Does Google pay a cash dividend?
No, we have never declared or paid a cash dividend nor do we expect to pay any cash dividends in the foreseeable future.
LINK
Posted on 4/3/14 at 11:42 am to ashy larry
Just heard an analyst on CNBC talk about it... The founders own Class B shares which are controlling interest shares... They currently have Class C shares out there which are actively traded with some ownership rights... This new stock is a non controlling interest share and Google is going to use it as a means to reward employees/bonus, but not give them voting rights.
Posted on 4/3/14 at 11:51 am to Lsut81
Google types of shares....
Class A shares (was GOOG, is now GOOGL) - Has voting rights; 1 vote per share. This is what we owned yesterday. Anyone who owned a share yesterday at close of business will retain that Class A share and will also receive 1 Class C share for every Class A share they had.
Class B shares - most of these are owned by the google founders, Sergey Brin and Larry Page. These shares have 10 votes for each share. You can't buy these.
Class C shares (now GOOG) - new non-voting share. This share took the GOOG symbol and this is what Google with use primarily for employee compensation and acquisitions in the future.
Class A shares (was GOOG, is now GOOGL) - Has voting rights; 1 vote per share. This is what we owned yesterday. Anyone who owned a share yesterday at close of business will retain that Class A share and will also receive 1 Class C share for every Class A share they had.
Class B shares - most of these are owned by the google founders, Sergey Brin and Larry Page. These shares have 10 votes for each share. You can't buy these.
Class C shares (now GOOG) - new non-voting share. This share took the GOOG symbol and this is what Google with use primarily for employee compensation and acquisitions in the future.
This post was edited on 4/3/14 at 11:52 am
Posted on 4/3/14 at 11:52 am to Boudin
GOOG is better to own because it will trade at a discount to GOOGL because it has no voting rights. The voting right you get with the GOOGL shares are worthless bc the two head honchos control over 57% of the voting rights. Basically you pay extra for GOOGL shares with worthless voting rights.
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