Redid the math A share anomaly12.5 common cost $9.375 minus 5 common dividends of 3.75 cents per share (total
.1875) for a net cost of $9.1875
One A costs $8.25 minus 4 A dividends of 31.25 cents per share (total $1.25) for a net cost of $7.00
By your own math: 9.1875 / 7.00 = 1.3125, the A shares are trading at a 31% discount to intrinsic value based on your November conversion. Nice margin of safety, you don't see opportunities like this every day I do understand how it is hard to believe you have to dig for them. GLTA