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.
Thor Industries, Inc. (NYSE: THO) disclosed the acquisition of Jayco, Corp. for about $576 million in cash. According to the company, the transaction offered a unique and significant opportunity to its growth and advances its strategic focus on growing its recreational vehicle (RV) business.
Thor Industries indicated the acquiring price of about $576 million in cash is subject to post-closing adjustments. The company added that the acquisition price was funded by its existing cash balances and approximately $360 million in borrowings from an asset-based revolving line of credit arranged through its lenders. The company indicated its plans to repay the loan through internally generated cash flow and expects that it would be repaid within three years from the closing.
The company also expects the acquisition to add one month of Jayco revenue in the fourth quarter of the current fiscal year. It also sees incurring different charges in connection with the acquisition during the fourth quarter.
Thor's president and CEO, Bob Martin, said, "We are thrilled to welcome Jayco to the Thor portfolio of companies. Jayco is a company that I have admired for more than 20 years while working in the industry and living in the community very close to their operations. We value the longstanding success of Jayco and are committed to providing the Bontrager family, and their team of dedicated employees, the resources they need to continue the success they have built at Jayco over the past half century."
He added, "This investment also illustrates our confidence in the future of the RV industry as younger consumers enter and expand the market over the coming decades. Both existing and new RVers will see the benefits of our subsidiaries' efforts as they lead in innovation with new technology and features in our products that make RVs easier to use and better connected."
At time of writing, Thor was up 3.88 percent in Friday's pre-market session, trading at $67.25.
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.
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