27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
According to "IPO Candy," a Seeking Alpha contributor, J.Jill started off as a catalog business in 1959 and evolved into a woman's clothing brand. The company sold itself in 2006 for more than $500 million to Talbots but was divested in 2009 to Golden Gate Capital for a notable loss at $75 million.
The company is expected to price its initial public offering Wednesday afternoon and the mid-point of the range stands at $15 per share.
Needless to say, the retail, clothing and apparel sector has come under trouble as of late. Also important to keep in mind is the reversal in Snap Inc (NYSE:SNAP)'s stock which gained on its first two days of trading last Thursday and Friday only to reverse course after failing to win over Wall Street analysts.
Turnaround Business
J.Jill is in the midst of a turnaround in its business and posted a compounded annual growth rate of 10 percent dating back to 2012. J.Jill also managed to double its EBITDA from $50 million in 2013 to $105 million last year.
Finally, IPO Candy noted that J.Jill's 2016 sales are projected to show a 15 percent year-over-year growth rate to $639 million, of which $245 million (up 25 percent year-over-year) came from its e-commerce business.
Related Link: The Basics of IPOs: Some Things You Should KnowRelated Link: 3 Important Dates For All IPOs, Explained________Image Credit: Corey Coyle [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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