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.
Limbach Holdings Inc (NASDAQ:LMB) has acquired Chattanooga, Tennessee-based specialty mechanical contractor Jake Marshall, LLC, along with certain affiliated companies, for an enterprise value of $20 million in an all-cash transaction.
- In addition, Jake Marshall's owners may receive up to $6 million subject to meeting certain performance thresholders in calendar years 2022 and 2023.
- Jake Marshall provides industrial and institutional mechanical construction, fabrication, and millwright capabilities with an emphasis on owner-direct projects.
- Jake Marshall generated on average more than $45 million in revenue and $4.5 million in EBITDA annually from 2014-2020.
- "This is a highly strategic acquisition that we expect will be immediately accretive to our bottom-line profitability with significant upside potential," said Charlie Bacon, President, and CEO of Limbach.
- Limbach sourced the net consideration equally from available cash and additional term loan borrowings. It held cash and equivalents of $33.3 million as of September 30, 2021.
- Price Action: LMB shares traded higher by 2.71% at $6.82 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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