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.
- Net revenue came in $1 billion, a 5 percent increase from the same period last year.
- The company reported $53 million in adjusted EBITDA, down from $71 million from 1Q13. The press release noted the approximate $20 million reduction in earnings due to a decrease in refinancing activity.
- Net loss totaled $46 million.
- Cash and cash equivalents as of March 31 totaled $119 million and $145 million in outstanding borrowings. Realogy reported $3.9 billion in total debt.
- Based on April closed sales, management expects homesale sides to be down -5 percent to -7 percent year-over-year for RFG and NRT combined. Average sale price will likely increase +5 percent to +7 percent on a combined basis.
- RFG transaction volume is expected to come in at or above the high end of volume guidance of -2 percent to +2 percent. NRT transaction volume is currently expected to come in at or below the low end of the range.
- Realogy expects the aggregate number of homesale transaction sides to increase sequentially from 260,000 in the first quarter of 2014 to between 367,600 to 375,500 in the second quarter.
- In the company's conference call, management reported that 2014 CAPEX is expected to come in at $65 million.
- 2014 PHH Home Loans will add $4 million to $8 million to EBITDA.
- Realogy sees annualized cash run rate at approximately $215 million.
- Management sees 2014 working capital use of $20 million to $30 million.
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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