Jefferies Has Hold on Virgin Media


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Jefferies & Co. is out with a research report on Virgin Media (NASDAQ: VMED) and it has a Hold rating and a $30.50 price target on shares.In a note to clients, Jefferies & Co. writes, "Commercial/macro pressures evident. Product net adds 75k (cons 108k) with mobile contract/BB in line but telephony/TV weak. TV sees 6k net losses (cons +13k) despite heavily-promoted TiVo launch. Churn edging higher. OCF growth slowed more sharply than expected: +2.8% (cons 3.7%) from 6.1% 2Q, 7.6% 1Q. UKTV proceeds add £250m to buyback budget (as expected), now £641m of buyback capacity to end-2012 (12% mkt cap)."Shares of VMED closed at $27.89 yesterday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies & Co.