in EVK $1.85 - Unkown China Retailer 2m Float - WisdomTree U.S. LargeCap Fund (ARCA:EPS)

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.

Based in Nanjing, China, Ever-Glory International Group, Inc. is a leading apparel supply chain manager and retailer in China. Ever-Glory is the first Chinese apparel company listed on the American Stock Exchange (now called NYSE Amex), and has a focus on middle-to-high grade casual wear, outerwear, and sportswear brands. The Company maintains global strategic partnerships in Europe, the United States, Japan and China, conducting business with several well-known brands and retail chain stores. In addition, Ever-Glory operates its own domestic chain of retail stores known as "LA GO GO."

Per Bloomberg the float is 2m. Bloomberg

EPS was $0.12 per share for the most recent quarter. The Company forecast up to $6.5m Net Income for this year. Bloomberg has o/s shares at 13.5m so that would amount to approximately $0.44 EPS.Read Press Release
If they can deliver that EPS, a 10 P/E would be over $4.

Given the strength of the Chinese small caps lately and the fact that this is the first Chinese apparel Company listed on the NYSE Amex, EVK looked attractive to me under $2.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!