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.
- Telesat Canada reported a third-quarter FY21 revenue decline of 5% year-on-year to C$192.34 million. Telesat Canada's principal shareholders are Canada's Public Sector Pension Investment Board and Loral Space & Communications Inc (NASDAQ:LORL).
- A slight reduction of service for one of Telesat's North American DTH customers, weakness in the enterprise segment, and lower consulting revenue drove the decline.
- The adjusted EBITDA margin expanded 110 bps to 81.5%.
- Telesat had contracted a backlog for future services of C$2.3 billion as of September 30, 2021. Fleet utilization was 80%.
- Loral held C$1.6 billion in cash and equivalents.
- Loral generated C$250.1 million in operating cash flow during the nine months ended September 30.
- "Lastly, I am pleased that we are now poised to conclude the process of transforming Telesat into a publicly listed company, which we expect to occur before the end of this year," said Dan Goldberg, Telesat's President, and CEO.
- Price Action: LORL shares traded lower by 4.91% at $52.45 on the last check Friday.
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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