Talk about buying low: According to the Atlanta Journal-Constitution, Braves’ owner Liberty Media is going to start the trading of a tracking stock for the baseball team beginning on Monday.
The Braves stock will be traded under three different symbols: BATRA (Series A stock), BATRB (Series B) and BATRK (Series C). The Series A and C shares will trade on the Nasdaq Global Select Market and the Series B shares on the over the counter market.
I have no idea what the price point will be at first, but even if it’s a penny stock, you can invest more in the Braves this year than the actual owners have.