If the stock is more volatile than the warrant price implies, and they are long the warrant, they can make a sizable profit.

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Blackstone recently took over running Bank of America-Merrill Lynch's Asian property operations, presumably until its owner feels it can get a high enough price to warrant selling the assets.

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In other words, ask yourself whether the security is attractive enough to warrant holding onto if the price were to weaken a bit from your purchase price.

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The mistake meant that the warrant should have had a much higher price than that quoted by Goldman.

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Many economists oppose minimum wage altogether, arguing that the created price floor would pose as a barrier for those deemed underqualified to warrant earning a minimum wage.

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This means that a company with poor profit performance can get a buy recommendation if the market has beaten down its price even more than it deserves, while a very good performer can warrant a sell if its valuation is excessively exuberant.

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Knabb invited criticism when he announced in early August that he would pay a warrant to shareholders as a way of saying thanks to those who had stuck around while the price dropped during the early summer.

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