March 12, 2015 5:19 PM | 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.
Shares of
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: JMBA) surged over 4 percent in after-hours trading after the company reported a narrower-than-expected loss for the fourth fiscal quarter and issued an update on strategic initiatives.The Emeryville, California-based company posted a quarterly net loss of around $8.0 million, or $0.47 per share, compared to a loss of $5.7 million, or $0.33 per share, in the year-ago period. On a non-GAAP basis, the company's adjusted net loss came in at $0.27 per share.Its total revenue was $43.9 million in the quarter, versus $44.1 million in the year-ago period. However, analysts were expecting a loss of $0.34 per share on revenue of $44.87 million.Franchise and other revenue climbed 20.7 percent to $4.5 million, compared to $3.7 million.For the quarter, the company-owned comparable store sales surged 4.2 percent, franchise-operated comparable store sales climbed 5.4 percent and system-wide comparable store sales jumped 4.9 percent.General and administration expense came in at $9.9 million in the quarter, versus $10.0 million for the previous year.At December 30, 2014, Jamba had $17.8 million in cash and cash equivalents, compared to $32.4 million at December 31, 2013.Jamba also announced a $25 million share buyback program."We made significant progress in transforming Jamba with value creating initiatives to introduce innovative products and marketing, reduce costs and enhance productivity, accelerate our move to an asset-light model with expanded refranchising, increase our store growth with renewed franchise recruiting, return capital to shareholders through our first-ever share re-purchase program, and add new perspectives and strength to our Board with our proposed new directors" said James D. White, chairman, president and CEO of Jamba, Inc. For 2015, Jamba projects company-owned comparable store sales growth of 3% to 5%.Jamba shares gained 4.20 percent to $14.63 in the after-hours trading session.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.