GNE's Exchange Offer: Yea Or Nay?
Seeking Alpha Analyst Since 2011
Genie Energy (GNE) is making an exchange offer of newly-created preferred stock for their common stock, on a one-to-one basis. I'm thinking about exchanging half of my common for preferred, but I'm worried this is contrary to my real interests. I bought GNE betting it will grow in value, big-time, over the next several years. But, I also like getting a dividend. But, settling for the dividend now might mean diluting stellar growth down the road.
Any ideas?
Disclosure: I am long GNE.
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