If you're holding some Cebu Pacific Air, Inc. (CEB) stocks then you probably know by now that they've offered stock rights to their current stockholders. This is a preferred stock, CEBCP - Cebu Air, Inc. Convertible Pref, which will give you a 6% annual dividend yield and can be converted into actual CEB common stocks. The offer period has already ended yesterday, but I decided to cover this topic in today's episode so that we're all ready if ever one of the stocks we're holding announces a stock rights offering. This way, we know what to do, and expect if and when it happens. Hope you learn a thing or two from this episode!
\n\u201cTime is the friend of the wonderful company, the enemy of the mediocre.\u201d - Warren Buffett
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