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) delivered better than expected earnings and revenue for the fourth quarter.
The recreation vehicle maker reported net income of $13.1 million, or $0.49 a share, up from $11.7 million or $0.43 a share, in the year-ago quarter and came in above the Street analysts' estimates of $0.47 a share.
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Winnebago Industries revenue grew 4.9 percent from $251 million to $263.3 million and topped analysts' predictions of $252.52 million.
The company indicated that its gross margin improved on a year-over-year basis driven by lower raw material costs due to its strategic sourcing initiative and favorable product mix.
President and CEO, Michael Happe revealed, "Our towables business continues to be one of the primary performance drivers, as shipments and retail registrations both outperform the market, thanks to several new products and increased dealer outlets. The motorized team drove a higher level of manufacturing output while also working hard to deliver more consistent levels of product quality."
While stating that the next year would be a key one as far as evolution of the company, Winnebago indicated there is much work to be done and that the future looks positive.
On Wednesday, the stock closed at $27.90.
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.