May 21, 2013 9:40 AM | 1 min read
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.
In a report published Tuesday, Piper Jaffray analyst Stephanie S. Wissink initiated coverage on LeapFrog Enterprises (NYSE: LF) with an Overweight rating and $11.00 price target.In the report, Wissink noted, “We are initiating coverage with an Overweight rating. We think shares present a compelling investment opportunity at current levels, owing to an emerging demographic tailwind and an improved brand building approach that stands to drive better operating performance (toward prior peak of 16%) on stable sales. We expect LeapFrog to outgrow the low single digit industry growth average and to improve its customer following with ongoing product innovation. Earnings power nears $1.00, implying a severely discounted multiple for a company with strong brand equity. Execution is the key risk. Our $11 price target is based on 15x FY14E EPS, a modest discount to the group average.”LeapFrog Enterprises closed on Monday at $9.56.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.