GOOGL's new preferred share issuance is a bad deal due to the high conversion price relative to the current stock value.

Google has just issued preferred shares. You may not have heard of this, but it is something worth knowing. Google has just issued preferred shares. They raised money, and I think it was an excellent 6.5% stock deal, where you earn 6.5% between now and the summer of 2029.

So, they are basically paying you 6.5% per year for 3 years. After that, I'm not sure if the transfer is mandatory. I'll need to check that. But basically, it converts into Google shares worth approximately $440 or so.

Personally, I think this is a bad deal, and you should look into the details yourself. I think it's a bad deal because it's going at a price higher than the current value. Google's stock price is currently around $340.

As you can see, you are already building up a lot of upside possibilities. I think the deal would have been fairer if it had been at 6.5% for 3 years, with the option to enter at a share price of $340 or $360.

You know, within this range. Not with such a huge bonus.