Subject: Re: Attractiveness of Price
mungo: In B share terms, which just closed at $405.92, the highest absolutely known repurchase was at only $357.22.
He would certainly pay more than that today, so I don't mean to sound like I'm quibbling meaninglessly, but it isn't a simple 1500:1 conversion as the economic interest would suggest.

I'm not sure what "economic interest" refers to, but it seems to me that the 1500 to 1 ratio of B to A shares must be continually adjusted for buybacks (and issuances, if any).

Unq