Subject: Re: Warrents
There have been some good ones over the years - the Bank of America TARP warrants come to mind as a nice one because Warren did his deal where he got his typical private warrants that nobody else could do and the TARP warrants had some nice features and allowed the rest of us to tag along in a leveraged security. Carl Icahn pressured Occidental into issuing some 22 strike warrants that still trade today and have until August 2027 on them. They are deep in the money and OXY pays a dividend so they trade about even with the stock. Not a hugely levered way to own OXY since they are so deeply ITM.