April 29, 2015 10:43 AM | 1 min read |
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.
In a report published Wednesday, Stephens analysts maintained an Overweight rating on
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.
(NASDAQ: BWLD), with a price target of $210, after the company announced its 1Q15 results. Buffalo Wild Wings reported its quarterly results short of expectations, with a slowdown in comps and higher-than-expected store-level costs. "However, from these levels, we expect to see wing prices ease seasonally and for the Company to begin to show improvement on the labor, operating expense, and G&A lines, which should give a boost to 2Q-4Q earnings growth. We also continue to view the brand and its organic traffic generation as one of the more attractive long-term investments in the restaurant space and would view the likely pullback as an opportunity to own the business," the analysts said. The company-owned SSS growth estimates for 2Q15 and FY15 have been reduced from +5.0 percent to +3.8 percent and from +5.8 percent to +4.7 percent, respectively. The GAAP EPS estimates for 2Q15 and FY15 have been reduced from $1.38 to $1.21 and from $5.84 to $5.74, respectively, to reflect the current cost headwinds.
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