UPDATE: Lake Street Capital Initiates Fuel Systems at Buy on Secular Shift in Alternative Fuels

by Benzinga Staff
February 25, 2013 9:02 AM | 1 min read | Make a Comment

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.

Lake Street Capital initiated coverage on Fuel Systems (NASDAQ: FSYS) with a Buy rating and an $18.00 price target.Lake Street Capital said, "Although we would not be surprised to see an earnings shortfall for Q4-12 (to be reported March 8) and a lowering of forward estimates (our 2013 estimates are set below consensus), we believe it is time to revisit Fuel Systems. Earnings likely bottomed in Q4 and are set to re-accelerate, the stock is inexpensive (4.8x EV/EBITDA), and the company is in a strong position to see growth from the secular shift to natural gas vehicles."Fuel Systems closed at $13.70 on Friday.

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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