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.
B. Riley expects Regal Entertainment Group's (NYSE: RGC) earnings in line with consensus amid double-digit box office gains.
The company is set to report its third quarter financial results on October 27. Analyst Eric Wold expects earnings of $0.26 a share on revenue of $804.9 million.
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“Our RGC model assumes a relatively conservative per screen box office increase of +11.3%, which is 80 bps below the industry gain of +12.1%, which we believe provides for adequate wiggle room for the period,” Wold wrote in a note.
Wold noted that Regal Entertainment is rolling out theater-level enhancements and likely had a high number of screens “out of commission” during the third quarter expecting a stronger film slate in the fourth quarter.
At the call, the key focus should be on the update on circuit’s theater enhancement strategy and ability to reach/exceed the goal of 30 percent of the circuit converted by year-end 2017.
The analyst wouldn't be surprised on the company’s declaration of another year-end extraordinary dividend in the coming weeks, albeit at a lower rate than last time given higher capex spending plans.
Wold has a Neutral rating on Regal Entertainment shares, with a price target of $23.
At time of writing, shares of Regal Entertainment were up 0.81 percent to $22.92.
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.