UPDATE: Navistar Posts FQ4 Loss


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.


Navistar International (NYSE: NAV) reported a loss for the fiscal fourth quarter.The Lisle, Illinois-based company reported a quarterly net loss of $72 million, or $0.88 per share, versus a year-ago loss of $154 million, or $1.91 per share.Its sales gained 9% to $3 billion. However, analysts were estimating a profit of $0.15 per share on revenue of $3.03 billion.EBITDA came in at $66 million, compared to an EBITDA loss of $227 million. The latest quarter included restructuring, impairments and other charges of $60 million.The North America Truck segment posted a quarterly loss of $55 million, versus a year-earlier loss of $355 million. The North America Parts segment posted a profit of $143 million, versus a profit of $147 million. The Global Operations segment posted a loss of $33 million, versus a loss of $6 million. The Financial Services segment posted a quarterly profit of $26 million, versus a year-ago profit of $17 million.Navistar lowered its structural costs by $66 million y/y in the fourth quarter.The company finished the quarter with $1 billion in manufacturing cash, cash equivalents and marketable securities."Our fourth quarter results—and the results for the entire fiscal year—reflect our continued progress improving business operations across the enterprise and positive trends in the North American industry," said Troy A. Clarke, Navistar president and chief executive officer. "In 2014, we increased our production, chargeouts and order backlog; continued to reduce warranty spend; and achieved structural cost savings that further lowered our breakeven point."Navistar projects Q1 manufacturing cash of $700 million to $800 million.Navistar shares fell 2.07% to close at $35.05 yesterday.

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.


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