September 30, 2013 10:04 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 Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on
Meredith Corporation (NYSE: MDP), and raised the price target from $42.00 to $43.00.In the report, Deutsche Bank noted, “Maintain Hold rating. We maintain our Hold but raise our TP from $42 to $43 based on our updated sum-of-the-parts analysis (base case and TV M&A scenario SOTP). While we like Meredith's stable National consumer brands, retrans opportunity, and capital return (3.5% div yid + 2% buyback yld), we think an opportunistic TV scenario is required to justify the current price not to mention any upside, thus we remain on the sidelines and await a better entry point.”Meredith Corporation closed on Friday at $47.70.
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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