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Re: Jim Bishop post# 110596

Sunday, 04/05/2009 7:46:19 AM

Sunday, April 05, 2009 7:46:19 AM

Post# of 192568
Common shares DO have voting rights. It's preferred shares that have none.

Investopedia explains Preferred Stock
There are certainly pros and cons when looking at preferred shares. Preferred shareholders have priority over common stockholders on earnings and assets in the event of liquidation and they have a fixed dividend (paid before common stockholders), but investors must weigh these positives against the negatives, including giving up their voting rights and less potential for appreciation.