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.
- The Chefs' Warehouse, Inc. (NASDAQ:CHEF) has acquired specialty food distributor Chef Middle East (CME) from Gulf Capital, an alternative asset management firm in the Gulf and Southeast Asia. The financial terms were not disclosed.
- CME has operations in the United Arab Emirates, Qatar, and Oman. It provides specialty food products to higher-end restaurants, hotels, and catering establishments in the region.
- Chefs' Warehouse revealed hopes that the Middle East region's high-end income demographic, coupled with Dubai's role as a regional tourism and commercial hub, will cater to the type of customer and service model it has thrived on for years.
- The company expects the acquisition to generate $160 million - $180 million in annual net sales and $11 million - $14 million in EBITDA.
- "Similar to our positioning in the US and Canada, CME is the premier provider of specialty food products to the higher-end restaurants, hotels and catering establishments in the region," said Chairman and CEO Christopher Pappas.
- Chefs' Warehouse held $145.4 million in cash and equivalents as of September 23, 2022.
- Price Action: CHEF shares are trading higher by 1.64% at $37.23 on the last check Tuesday.
- Photo Via Company
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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