Subject: Re: Attractiveness of Price
Investors tend to be stupid ^h^h^h^h^h^h to do sub-optimal things.

A few years ago there was a oil(?) company that paid a handsome dividend. There were 2 classes of stock. One got the dividend in cash, the other got the same dividend in stock shares.

The stock price of the one that got the cash always was always about 10% higher than the one that didn't get cash.

If you wanted cash, you could hold the latter class and sell the shares immediately. And get more cash than the cash-dividend people got.

I always loaded up on the latter class. Eventually the company withdrew that class and ceased the free money ride. Sadly.