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.
Winnebago Industries, Inc. (NYSE: WGO) is coming off its best day in 25 years Monday, after the company announced the acquisition Grand Design, the world's third-largest towable RV manufacturer for $500 million.
BMO analysts were excited, calling acquisition a grand slam and a big win for the RV maker. Winnebago is now the third-largest towable RV manufacturer in the world, and the deal is said to immediately impact the company's bottom line.
"Grand design is a highly profitable and fast growing company, which diversifies Winnebago's RV exposure and expedites its strategy to grow its towables business," said BMO Analysts.
While BMO hasn't adjusted its earnings model following the acquisition, Winnebago announced preliminary FY4Q16 EPS of $0.49, ahead of Wall Street consensus estimates of $0.45.
BMO raised its price target on Winnebago to $33 from $27, and has a Outperform rating on the stock.
Winnebago has held its gains trading flat on Tuesday.
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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