Q: Peter,
Could you please advise whether ala.r still makes more sense as an investment than ala. Correct me if I've got anything wrong here: Given the share price difference between when receipts were issued ($31) and today's share price (~$25). If the WGL merger fails, one gets the $31, right? If it succeeds, one gets equivalent shares in ala which appears to be making a decent recovery in share price. Meanwhile, one collects the ~9% dividend.
The only downside I see to ala.r versus ala is that the bid/ask spread is wider (is this because it trades more thinly). In this case, do you recommend a limit order?
Could you please advise whether ala.r still makes more sense as an investment than ala. Correct me if I've got anything wrong here: Given the share price difference between when receipts were issued ($31) and today's share price (~$25). If the WGL merger fails, one gets the $31, right? If it succeeds, one gets equivalent shares in ala which appears to be making a decent recovery in share price. Meanwhile, one collects the ~9% dividend.
The only downside I see to ala.r versus ala is that the bid/ask spread is wider (is this because it trades more thinly). In this case, do you recommend a limit order?