April 3, 2015 10:40 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.
Morgan Stanley issued a company update on
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.
(NYSE: LL) after the company reported first quarter sales that were "better than feared." Morgan Stanley rates Lumber Liquidators as Equal-Weight while a price target was unavailable.Analysts Simeon Gutman and Joshua Siber wrote, "While near term (Q1 & Q2) earnings will be weaker than expected, that the top-line trajectory of the business seems to be holding together in the face of significant product quality allegations is the more important story line."Total laminate sales were the hardest hit product segment, declining 19 percent, as they are the focal point of product quality scrutiny. Because the second quarter is seasonally a busier time for flooring and open orders totaled $46.4 million at the end of March, analysts believe that second quarter sales could be stronger than current estimates. However, because the lumber company is running extensive promotions, gross margins and earnings will be hurt in the near term.Shares of Lumber Liquidators closed Thursday at $33.20.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.