Winning Bidder Could Be Announced Within A Week

[rok]

<!--quoteo(post=32297:date=Apr 22 2009, 02:03 PM:name=Andy)-->QUOTE (Andy @ Apr 22 2009, 02:03 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=32296:date=Apr 22 2009, 01:49 PM:name=KBwsb)--><div class='quotetop'>QUOTE (KBwsb @ Apr 22 2009, 01:49 PM) <{POST_SNAPBACK}><!--quotec--><!--quoteo(post=32290:date=Apr 22 2009, 01:30 PM:name=rok)--><div class='quotetop'>QUOTE (rok @ Apr 22 2009, 01:30 PM) <{POST_SNAPBACK}><!--quotec-->That's the nature of preferred stock. It isn't really an ownership interest. It's more like lending money and getting a more secure investment. Still though, I would buy shares if they became available at some point, unless they're strictly privately placed. Plus, the board can always vote to convert the preferred to common at some point, and that would rock.<!--QuoteEnd--><!--QuoteEEnd-->
Rok, why <i>wouldn't</i> Ricketts convert it to common some day? It seems like it'd be quite a day on Wall Street if fans like us could buy a piece of the Cubs.
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That's essentially how the Packers operate.
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Yeah, I see nothing wrong with that, and Ricketts knows it. Plus, preferred stockholders would love it because they'd be almost guaranteed a bigger return on their investment and an easy way to cash out into the public markets without having to wait until the maturity date a few decades from now.