European Stars And Stripes (Newspaper) - June 14, 1987, Darmstadt, Hesse Paga 20 the stars and stripes sunday june 14.1987 investor s guide b Bill Doyle q. I purchased tacit of som rms of Temeo adaptor Tom Puy at u image Price of s10 Brira annl the extra cafe Price a 140 us the inmate expire my is,1995. The Stock we into to $45 a fit Are Tow Imad Csc underlying a. Your experience Der Nan sir pics the pro tide. Warrants pro vide a Way to speculate by putting up less Money than would be needed to buy Stock. If the Nock s Price goes up the War Rani Sprice rises even taster 50 per cent in you Case. A warranties a Cert Caie giving it owner inc right to buy some other Security at a fixed Price. Some warrants Are perpetual and remain in. Force forever. Bui most including Youn expire at predetermined Dite. Warrant provisions vary All Over the lot so it s important to learn the details before buying. Etch of Yourm Reanu gives you the right to buy one share of that company s Stock atm any Lime through my 15,1995. Because it guarantees you the Opportunity to buy Stock now Worth $45 by surrendering it an putting up $40, tiie in a or intrinsic value of each of your warrants is is. Yes it s trading at Sis. The other $10 represents the value fits Call the right to buy the Slock at a fined Price for almost eight More Yean. The con Side is that Fairand arc straight speculations not invest ments they receive no dividend and unlike stocks have no vote in corporate affairs. When they expire they become Woit Tecsi. That should t bother you How Ever As Long As your warrants re main above their exercise Price. Q. What will Larrim to a a nols if Ike pm pm Tatthew splits it Stock or b it another contour a. Again it s important to stress that different warrants have differ ent provisions. Check yours wit your broker the company or in financial manuals Yotti find in Many Large Public libraries. In most cases warrants Are protected against that Means when there is a Stock split or a Siock dividend the warrant s exercise provision is adjusted accordingly. Let s say the Stock a split iwo for one. Because of the Protection against dilution each warrant nor Mally then would be entitled to buy two shares of Slock at half of the old exercise Price per share. To be certain about your warrants Check it oui what would happen to your War rants in Case of a merger depends on the terms of thai merger. Remember that a merger must be approved by majority vote of stockholders but not by warrant owners. Rest easy. The value of your warrants would not be wiped out by a merger. Warrants Are a obligation of a company that is sued them and would remain an obligation of the merged company. After he merger the warrants might give you the right to buy Stock in the merged company at on Adjui led Price. Or some other arrangement might be made. Ill la la Ullha Lull ill Lluhi a i his by a pm a i Hbl a stocks Post 3rd weekly gain As inflation interest fears fade new York Ufi Stock third consecutive weekly gain last week a worries Over inflation and higher interest Rales subsided. As Bond Price firmed and he Dollar steadied. The Dow Jones Industrial aver age Rose 51.58 Points for the week to closest 2377.73.trie Dow climbed 25 Point monday scored Smalt gains tuesday wednesday and thursday and jumped 17.60 Points outnumbered losers 1,300 622 Imons the 2,169 new York Slock Exchange roues changing hands. Broad Market indexes gained. Stan Dard & Pool s do Slock Index added 2.b9 to 301,62 Tad the new York Stock Exchange composite Index Rose 4.36 to Stock pulse pwt my of Friday s Stock a be Complete Dor to than Basioa problem originating i new York w1kt w9jij.the Market traded through the Dura Tion of the Venice Summit a meeting among leaders of Britain Canada Fiance Italy. Japan the United stale Sand West Germany that Market analysts dismissed As a the end of the week the Market got t Nice boost from Good inflation Newt and from news that the . Trade deficit narrowed in april said Eugene peronj.jr., director of technical research at Jan Ney Montgomery Scott inc. In Phila Delphia. A was a constructive week agreed rude Latimer analyst at Hotep final a co. She said cautious buying would Likely characterize the Corning week s trading. The summertime rally is slut intact Ami a Wpm it Aen Homo on cd cto4� Emp tit a 4140 t 9 ims 3�is 8 a non Tif coma my am a 1.1 Chen Congi 910 � 3 � Sho 0.1 m sat 3741 i 5jt 13.0 17.52o 32 in 1vu 0.31 Amsih Oss 17.d 877 10 it497 250 0.7 pm is o 14 and we could move to new High territory by the first week of july Peroni said. Pitroni said a Dot Puih through its re Cord High of 2405.54, set april 6, would bring hesitant investors Back into Ibe Market. On the big Board Pacific Gas &. Elec tric was the most Active nose listed Issue falling m to 20u. Detroit Edison followed slipping i to 16 Hudson was third climbing Ivi to s4 group jumped i3h to 50. App group announced and began a s4s-a-Sharetender offer to buy Jet amid reports the j. Waller trim Moa Parent a mulling alternative to that bid. A legis Parent of United airlines Hertz and major hold chains climbed Ivi to 91 Vuk after rising 3% week chairman resigned and the company said it will consider Selling its Noo airline subsidiaries. Other airlines also , the Parent of american airlines Rose 2ft 10 s9?i. Nwa the Parent or Northwest airlines soared 5vi to 72%. Trading on the american Stock Exchange Texas air Rose 2 6 to 38. Among Blue chips at to Rose re to26m, general electric added % to i3s. American espre Rose 2 to 35v and Avistar eased i to 8ft. Eastman Kodak climbed 4tt to 82h.dean Witter Reynolds analyst Eugene Glazer recommended it citing a in the company s sales in re cent fell 3v, to ij6h. U said thursday h will sell 8.9 million Intel shares Back tothe California Chip maker for j361.6 among technology issues included Cray research which jumped 9 o102%, and Texas instruments which climbed 1 to 174. Funer prices from Page 19 Taf t 90 id j1 in Tif 17 Swul ital 91 id.? 14 41 l224sh.l. 1t 31 my 14.41 h4_ 1171kl1ijih4. 1173 i. 11mh.u 41 671 us 35 14 867 to zf.mp4i_ 9hi �13 to 6 to 7db 49 Gai 7m Biz 20ts23us79719u 15791707 a no 711 7.44 r non Penn Courgi 4v a 3rv1 cd by met a.44 Ira Diml Foft. 43 00 ii 24.19n1
