Loblaw Q3 Profit Drops 29% - Loblaw Cos (OTC:LBLCF)

27% profits every 20 days?

This is what Nic Chahine averages with his options 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.

Canada's Loblaw Companies (OTC: LBLCF) reported a 29% drop in its third-quarter profit.Loblaw's quarterly net income declined to C$154 million ($147 million), or 55 Canadian cents a share, versus a year-ago profit of C$217 million, or 77 Canadian cents a share. Excluding one-time items, it earned 73 Canadian cents a share, missing analysts' estimates of 80 Canadian cents a share.Its total revenue climbed 2% to C$10.01 billion, versus analysts' expectations of C$10.04 billion. Loblaw's sales at established stores rose 0.4%, versus a 0.2% drop in the year-ago period.Loblaw shares closed at $45.11 yesterday.

27% profits every 20 days?

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