UPDATE: Jefferies Downgrades DFC Global to Hold on Higher Collection, CPA Costs


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.


Jefferies reduced its rating on DFC Global (NASDAQ: DLLR) from Buy to Hold and lowered its price target from $25 to $19. Jefferies commented, "We are downgrading DLLR from Buy to Hold due to our view that DLLR's use of CPA will be curtailed by coming OFT guidance. With roughly 35% of revenues from UK payday products we believe DLLR will see higher servicing and collection costs in addition to higher losses as they adjust to the new CPA rules. Further, we believe that declining UK online payday revenue growth, foregone late fees from borrowers 60+ days past due and the upcoming Finnish Parliamentary hearings on restricting payday lending, warrant downgrading the shares to Hold."DFC Global closed at $19.36 on Monday.

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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Posted In: Analyst ColorDowngradesIntraday UpdateAnalyst RatingsJefferies