20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Lincoln Electric Holdings Inc (NASDAQ:LECO) has signed a definitive agreement to acquire Fori Automation Inc.
- The definitive agreement provides for a cash purchase price of $427 million and is expected to be completed in the fourth-quarter of FY22.
- Fori Automation is a privately held automation engineering firm that serves automotive and aerospace OEMs and is headquartered in Shelby Township, Michigan.
- It has additional operations in six international facilities across Europe, Latin America and Asia.
- The acquisition is expected to accelerate Lincoln's Higher Standard 2025 strategic goal of achieving $1 billion in automation sales by 2025.
- The deal would also extend Lincoln's automation footprint in South Korea and India and expand its existing presence in Europe, China, and Latin America.
- The takeover will increase Lincoln Electric's annual automation sales by about $225 million at comparable EBIT margins to its current automation portfolio, and is expected to be accretive to earnings.
- The company held $152.8 million in cash and equivalents as of June 30, 2022.
- Price Action: LECO shares are trading higher by 0.02% at $124.70 on the last check Friday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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