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 Thursday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Brookdale Senior Living (NYSE: BKD), and raised the price target from $33.00 to $34.00.
In the report, Deutsche Bank noted, “We've updated our model post Q2 results and 10-Q filing. BKD reported very solid Q2 earnings, marked by good rate growth, progress with occupancy trends (particularly late in Q2 and into Q3) and tame expense growth. Q2 organic NOI growth was +4.8% yoy and CFFO/sh growth was solid +8.1% yoy. Our updated model revises 2013 CFFO/sh to $2.40 ($2.38) and puts us in the middle of updated guidance $2.35-$2.45 (upped from $2.30-$2.40). Our price target continues to be based on 13x forward EV/EBITDA and 12x CFFO, which puts our valuation at $34 (up from $33). Reiterate Buy based on recovering senior housing fundamentals and good risk/reward.”
Brookdale Senior Living closed on Wednesday at $28.37.
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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