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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Chefs Warehouse
Loop Capital's Andrew Wolf initiated coverage of The Chef's Warehouse with a Buy rating and $18 price target, as the distributor of specialty food products is positioned to take advantage of its leadership position.
According to Wolf, volume growth is the most notable metric to measure the success of a food distributor and in The Chef's Warehouse's case, its growth averaged 5.5 percent dating back to 2013. Beyond financial metrics, the company boasts a superior product assortment and sales service levels compared to its rivals.
Finally, the company's status as a "best of breed" in organic vase volume gains, coupled with "ample capacity" in major markets should generate returns for investors moving forward.
Performance Food Group Company
Wolf also initiated coverage of Performance Food Group with a Buy rating and $35 price target. Similar to The Chef's Warehouse, the analyst's bullish stance stems from the company's impressive volume growth.
Wolf noted that from 2013 through 2017, Performance Food Group's quarterly case growth averaged 6.2 percent, which outperformed its peers who averaged 4.5 percent. Most recently, the first quarter saw a 7.7 percent case growth which even outperformed the industry giant SYSCO Corporation (NYSE:SYY) by 4.7 percent.
Finally, the analyst is also bullish on the company's recent M&A track record in which it oversaw seven smaller deals which will add $510 million in aggregate sales. But now the company is "revving up the acquisition engine" and its fragmented market structure bodes well for acquisitive companies.Related Links:Oppenheimer Upgrades GrubHub, Sees Biggest Threat Towards Food Ordering As An OpportunityCredit Suisse Sees 'Particularly Attractive Value' In US Foods, Adds To Focus List27% 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.