Dual Class Shares Suck
If you hold any companies that have a dual-class share structure, prepare yourself for mediocracy. In the Winter 2007 edition of the Canadian Investment Review, which is periodical aimed at fund managers and pension plan administrators, they highlight just how bad these stocks typically performs. Before I get into the specifics, let's talk about what a dual-class share is. Dual-class shares mean simply that a company has two versions of its stock available to the market. One is typically …