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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The company maintains its Buy rating and $90 price target on IPG shares.
"While we expect further significant revisions to estimates to be behind the company with guidance for this year having already been reduced significantly from 'teens' revenue growth to the current 5–10 percent level, IPGP stock is currently trading at a significant discount to historical valuation multiples," wrote Canaccord.
The analysts said the stock was trading at an EV/EBITDA multiple of 8.6x NTM consensus expectations, which compares to the two- and five-year average multiple of 9.7x estimates.
The analysts expect the revenues to stand at $242 million for 2Q16, $958.2 million for 2016 and $1.1 billion for 2017. The EPS estimates for 2Q16, 2016 and 2017 are $1.19, $4.62 and $5.23, respectively. IPG is scheduled to release the second-quarter results on July 28.
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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.