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.
President Donald Trump's proposed tax plan earned another nod of approval from a leading CEO.
Domino's Pizza, Inc. (NYSE:DPZ) CEO Patrick Doyle was a guest on Jim Cramer's "Mad Money" to talk about the proposed tax cuts and how it will impact the pizza delivery chain.
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Doyle told Cramer Domino's business has been on fire without a tax cut and, traditionally, the government has never "given a special deal" to restaurant chains who boast some of the highest tax rates among all companies. But the president's proposal of lower corporate taxes will help his business "no question."
Doyle emphasized that a lower tax rate is actually more than just a reduction in what a company pays to the government. A lower corporate tax rate also translates to lower cost of capital, generating a better return, and being more flexible in investments and the overall business.
What Will Domino's Do With The Cash?
Assuming that Trump's tax cut proposal is passed and brought into law, Doyle said investments in new projects will be explored.
One of the areas where Doyle sees growth prospects is within smaller areas and towns that are underserved. The company also plans on equipping a GPS-tracking system on delivery cars so customers can pinpoint their pizzas exact location and follow it each step of the way.
At the end of the day, Doyle believes tax cuts and investments in technology all contribute to the company's success but at the end of the day "it's about the franchisees, the managers, the drivers."
"If you can get them excited about the business — and they are — that's going to drive a lot of momentum."
See Also:
Trump's Tax Proposal: Priorities, Policy, Politics And Process
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.