February 24, 2016 8:05 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.
Brean Capital's Ananda Baruah maintained a Hold rating for
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: LXK) after the company announced a $100 million cost saving plan as part of its ongoing strategic alternatives process.The company reiterated its intention of either selling off of the whole Lexmark or spinning off the printing/software segment to strategic or financial buyers. "We also continue to believe that sum-of-the-parts analysis suggests the company could be worth $35 - $42 in a sale, assuming some stabilization in the Printing business," analyst Ananda Baruah stated.Lexmark intends to restructure its workforce in its imaging business and expects the program to generate around $67mn in 2016 savings, with about $100mn run-rate savings exiting the year, which will be split 90/10 between OpEx and COGS.The company reported December quarter revenues and EPS of $982 million and $1.09, respectively, with its core-laser and enterprise software revenues declining 2 percent y/y, imaging solutions and services declining 13 percent y/y and laser declining 11 percent y/y.Baruah noted that Lexmark's Enterprise Software business continued to deliver robust revenues and margins in the December quarter and in FY15. The December quarter Enterprise software run-rate of $700 million and FY15 Enterprise Software revenue of $579 million exceeded the FY16 segment target of $500 million.The company generated free cash flows of $75 million in the December quarter and had net debt of $903 million at the end of the quarter. The EPS estimate for 2016 has been raised by $0.50 to $4.05.
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