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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Nisen suggested the new debt raise was necessary as Valeant has "little realistic chance of growth." In fact, the company is playing a game of "music debt chairs."
Meanwhile, Valeant managed to convince its lenders to ease some of the restricts, including maintaining a certain ratio of EBITDA to interest payments. Doing so will in fact resolve one of the most "consistently irritating issues" plaguing Valeant: The company's declining business has left it dangerously close to violating those terms.
Short-Term Stability
Nevertheless, Valeant signaled to the market its operations will be more stable in the short term. But that doesn't mean the company is out of the woods, especially after billionaire hedge fund manager and vocal Valeant supporter Bill Ackman felt it was a better move to throw in the towel and
accept a multi-billion dollar loss rather than sticking around at a time when Valeant's stock is close to trading in the single-digits.Looking forward, Valeant needs to succeed in shedding assets to raise the billions of dollars that may be necessary to satisfy its debt obligations. If it fails to do so then the company can't rely on just its "sluggish" cash flows as this is needed to invest in the business and address the eroding value of its assets.
"Rearranging deck chairs on the Titanic is just as useless when the iceberg is a bit farther off," Nisen concluded.
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Valeant's Post-Ackman Recovery Is Characterized By 'Less Money, More Problems'Valeant's Laundry List: Products, Divestitures And Debt Load27% 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.