Subject: Re: Make Berkshire Compound Again!
Interesting, that preferred shares are being offered (tickers GOOGM & GOOGN) that are expected to yield around 6.5%. They are mandatory convertible at a price of around 25% above current price. Abel chose not to buy those and opted for shares at 8% discount.

I guess Alphabet is not as desperate as OXY and BAC to offer 8% preferred convertible at market price without premium.