How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: RayV who wrote (7219)	4/2/1998 4:37:00 PM
From: Herm	Read Replies (1) of 14162

Funny you mentioned ROST. I was looking at it today and noticed that it is exactly at $48 which was the 2-1 split pre-price. So, you lucky souls that played that with us one year ago had a very nice 100% return on your investment. Had you started with $10,000 you would now have $20,000 without any CC premies. The CC premies would have added another $3,000 to $4,000 extra. That was our first stock. STILL A CC WORK HORSE! You are right! ROST may have to 3-2 split in 1998 again for an encore. ROST is still a bargain compared to most stocks out there. With an FY99 expected mean average of $2.71 eps X 26.0 avg. P/E = $70.62 as the fair market value price for ROST. NASDAQ: (ROST : $44 5/8) $2,126 million Market Cap at April 2, 1998 Ranks 635th in the Fortune 1,000 on Revenue & 619th on Profit. Employs 14,855. Trades at a 37% Discount PE Multiple of 16.5 X, vs. the 26.0 X average multiple at which the Discount & Variety Stores SubIndustry is priced. Consensus Recommendation: 2.4 Consensus Future 5-yr Growth Rate: 15% (1=Buy 3=Hold 5=Sell)

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