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.
Yingli Green Energy Holding Co Ltd (ADR) (NYSE: YGE) is likely to report its Q3 EBIT in the red, and this could worsen in 2017, Axiom’s Gordon L. Johnson said in a report. He maintained a Sell rating on the company, citing renewing solvency concerns.
Profits Unlikely To Repeat
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Yingli Green Energy reported its 2Q16 revenue at $379.8 million, massively missing the Axiom estimate of $800.8 million. EPS came in at $0.59, versus the Axiom and Street estimates of -$0.40 and -$0.36, respectively.
Analyst Johnson commented that the company’s 1H16 profitability “is unlikely to repeat.” China has imposed a PV demand freeze in 2H16 giving, while newly established PV capacity is already surpassing demand in 2016.
Johnson further mentioned that the market is overcrowded and recent checks had suggested continued decline in the already record-low ASPs. Yingli Green Energy’s EBIT is likely to return to the red, declining to an estimated -$9.4 million in 3Q16. The EPS estimate for 2016 has been reduced from -$1.34 to -$1.72, and this is expected to worsen to an estimated -$10.44 in 2017.
Thus, there is likely to be “renewed investor concern surrounding YGE’s solvency,” the analyst commented, while adding that Yingli Green Energy does not have a takeout bid.
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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.