20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Furniture company Herman Miller Inc (NASDAQ:MLHR) reported fourth-quarter FY21 sales of $621.5 million, up 30.6% year-on-year, beating the consensus estimate of $583.04 million.
- The company received orders worth $689.4 million, up 28.8% Y/Y, with a backlog of $446.9 million.
- The retail business posted a 106.1% increase in sales, and orders were up 81% Y/Y.
- The gross margin was 36%, up 110 basis points.
- Operating expenses amounted to $202.6 million, up 30% Y/Y.
- The operating margin for the quarter was 1.5%, with a 19.2% operating margin in the retail segment.
- Adjusted EPS of $0.56 (409% growth Y/Y) beat the consensus of $0.39.
- Cash and equivalents totaled $396.4 million, and the company generated an operating cash flow of $72.2 million during the quarter.
- Guidance: Herman sees Q1 FY22 sales of $640 million - $670 million, versus the consensus of $623 million.
- It expects adjusted EPS of $0.52-$0.58, lower than the consensus of $0.62.
- Price action: MLHR shares are trading lower by 3.44% at $46.30 premarket on the last check Tuesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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