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.
UTi Worldwide Inc. (NASDAQ: UTIW) may see improved results within several years, but investors should adopt a wait-and-see approach, an analyst said Wednesday.
The freight forwarder's shares closed at $9.98 and are off more than 25 percent since posting disappointing fourth-quarter results Tuesday.
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RBC's John Barnes downgraded UTi to Market Perform and cut his target 15 percent to $11.
"Quite simply, we've lost confidence," Barnes said.
The company has missed Wall Street earnings expectations by triple-digit percentages in each of the past four quarters.
Nine analysts following the company maintain a mean recommendation of Hold and a $14.19 price target.
Edward G. Feitzinger, named chief executive in December, said restructuring will trim annual costs by $33 million during 2015, in addition to the $45 million in annual cost savings obtained last year.
Barnes said if UTiW gets bought out, it would be at a price lower than where the stock currently trades.
The company 's share price won't improve until delivers at least several quarters of improved results, according to Barnes.
"This will be an early 2017 event at best," Barnes said.
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.