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.
- Harsco Corp (NYSE:HSC) has updated its expected financial results for Q2 and FY22 outlook. The company expects Q2 U.S. GAAP operating loss from continuing operations of $(95) million - $(97) million (prior view for income of $17 million - $22 million).
- Harsco expects to record a non-cash goodwill impairment charge for Clean Earth in Q2 due to lower earnings expectations and higher discount rates. The company expects goodwill impairment to be approximately $100 million.
- The company sees Q2 Adjusted EBITDA of $47.5 million - $50 million (prior view $59 million - $64 million).
- Due to unfavorable foreign exchange translation impacts, Harsco Environmental Q2 results are expected to be at the lower end of prior implied guidance.
- For FY22, Harsco now expects a U.S. GAAP operating loss from continuing operations of $(51) million - $(61) million (prior view income of $81 million - $96 million) and Adjusted EBITDA of $210 million - $220 million (prior view $250 million - $265 million).
- The company expects Harsco Environmental Adjusted EBITDA of $208 million - $214 million and Clean Earth's Adjusted EBITDA of $40 million - $44 million.
- HSC expects to comply with its financial covenants at the end of Q2 and for the foreseeable future.
- Price Action: HSC shares are trading lower by 9.31% at $5.26 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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