April 28, 2015 6:03 PM | 2 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: HELE) jumped around 4 percent in after-hours trading after the company reported stronger-than-expected results for the fourth quarter.Helen of Troy expects FY16 earnings of $5.40 to $5.85 per share, on net sales of $1.485 billion to $1.536 billion. Analysts had projected earnings of $5.55 per share on revenue of $1.42 billion.The El Paso, Texas-based company reported a quarterly profit of $40.6 million, or $1.40 per share, versus a year-ago profit of $11 million, or $0.34 per share. Excluding certain items, the company's earnings climbed to $1.66 per share from $1.09 per share.Its revenue climbed 20.9 percent to $377.7 million, compared to $312.5 million, in the year-ago period. Its core revenue climbed 8.9 percent. However, analysts were expecting earnings of $1.25 per share on revenue of $350 million.The average estimate among 4 Estimize users was for earnings of $1.30 per share and revenue of $355.10 million.Sales at its healthcare-home environment business gained 16.6 percent year-over-year in the quarter, while sales at its housewares segment rose 11.9 percent year-over-year.Revenue at its personal-care segment slipped 3.7 percent year-over-year in the quarter, while revenue at nutritional supplements segment dropped to $37.3 million from $38.5 million in the prior quarter.Gross margin widened 3.5 percentage points to 43.7 percent in the quarter. Adjusted EBITDA gained 25.7 percent to $61.2 million.At February 28, 2015, the company had $12.3 million in cash and cash equivalents, versus $70.0 million at February 28, 2014.At February 28, 2015, inventory was $293.1 million, versus $289.3 million at February 28, 2014.Julien R. Mininberg, Chief Executive Officer, stated, "We are pleased to report a strong fourth quarter, capping a successful fiscal year of growth. Fourth quarter revenue rose approximately 21%, building on favorable third quarter results. Our Healthcare/Home Environment and Housewares segments lead our core business sales growth with double digit increases in the fourth quarter. Our Nutritional Supplements segment, acquired in June 2014, grew in line with expectations. Our Personal Care business slowed its decline in the fourth quarter as we make progress toward stabilizing that segment."Helen of Troy shares rose 3.96 percent to $83.01 in the after-hours trading session.
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