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.
- Hillenbrand Inc (NYSE:HI) has agreed to sell its Batesville business segment to an affiliate of private equity firm LongRange Capital for $761.5 million, which includes an $11.5 million sub-note.
- Batesville offers a wide selection of burial and cremation products, keepsakes, and business and technology solutions that serve the needs of families and licensed funeral professionals across North America.
- On July 20, 2022, Hillenbrand announced that its Board had initiated a process to explore strategic alternatives for its Batesville business.
- The company expects to close the transaction in the first calendar quarter of 2023 and use the net proceeds for debt reduction.
- Hillenbrand expects the divestiture to complete its transformation into a pure-play industrial company positioned for long-term growth and shareholder value creation.
- "Completing our transformation into a pure-play industrial company allows Hillenbrand to concentrate our investments into our APS and MTS segments, where we see strong growth potential," said CEO Kim Ryan.
- Price Action: HI shares traded lower by 1.33% at $49.15 on the last check Thursday.
- Photo Via Company
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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