27% profit every 20 days?
This is what Nic Chahine averages with his option 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.
- Roper Technologies, Inc (NYSE: ROP) agreed to acquire Frontline Education from Thoma Bravo in an all-cash transaction valued at $3.725 billion.
- Including a tax benefit, the net purchase price is $3.375 billion, representing 19 times Frontline's estimated 2023 EBITDA.
- Frontline's cloud-based software provides a connected platform of administrative solutions that are purpose-built for K-12 education, including human capital management, business operations management, student management, and analytics.
- Frontline will likely contribute $370 million of revenue and $175 million of EBITDA in 2023.
- Roper expects Frontline's annual unlevered free cash flow to be 100% of EBITDA.
- The transaction will likely close in the fourth quarter.
- Roper looks to fund the transaction using its cash on hand and revolving credit facility.
- Roper held $2.88 billion in cash and equivalents as of June 30.
- Earlier, Roper agreed to sell a majority stake in its industrial businesses to Clayton, Dubilier & Rice, LLC (CD&R) affiliates for $2.6 billion while retaining a 49% minority interest in a new standalone entity.
- Price Action: ROP shares traded higher by 1.06% at $413.51 on the last check Tuesday.
27% profit every 20 days?
This is what Nic Chahine averages with his option 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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