March 3, 2015 9:18 AM | 1 min read |
27% profit every 20 days?
This is what Nic Chahine averages with his option 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.
(NASDAQ: FSTR) reported stronger-than-expected results for the fourth quarter.The Pittsburgh, Pennsylvania-based company posted quarterly income from continuing operations of $6.0 million, or $0.58 per diluted share, versus $7.3 million, or $0.71 per diluted share, in the year-ago quarter. Adjusted EPS gained 19.7% to $0.85 per diluted share in the quarter.Its sales climbed 3.0% to $161.1 million. However, analysts were expecting earnings of $0.65 per share on revenue of $155.85 million.Rail sales gained 6.6%, while construction sales slipped 3.5% in the quarter. Tubular sales climbed 13.3% in the fourth quarter.Fourth quarter bookings slipped 18.1% to $115.0 million.Gross profit margin came in unchanged from the year-ago quarter to 19.6%.Robert P. Bauer, L.B. Foster Company's President and Chief Executive Officer, said, "The fourth quarter turned out to be a great finish to a year filled with milestones. The performance of the underlying business was very good. Excluding Concrete Tie warranty charges, we finished the quarter with income from continuing operations up by 21.5% over the prior year driven by gross profit margins improving 300 basis points."LB Foster shares closed at $49.31 yesterday.
27% profit every 20 days?
This is what Nic Chahine averages with his option 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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