UPDATE: Jefferies Reiterates Hold Rating, Raises PT on The Timken Company - Timken (NYSE:TKR)

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.

In a report published Friday, Jefferies reiterated its Hold rating on The Timken Company (NYSE: TKR), and raised its price target from $45.00 to $50.00.Jefferies noted, “TKR reported 4Q EPS of $0.81 ex. items, vs. our $0.58E and consensus of $0.62 -- although LIFO income (~$0.15) and a lower than expected tax rate (~$0.11) accounted for the entire beat. Sales were nearly 7% above expectations driven by better than expected Steel volumes, but ex-LIFO margins were below our model, also driven by steel. 2013 guidance of $3.75-$4.05 on a 5% decline in sales compares to consensus of $4.30 on flat y/y sales.”The Timken Company closed on Thursday at $52.35.

27% profit every 20 days?

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