ATLANTA, Feb. 14, 2001 (PRIMEZONE) -- While many sectors in the economy expect to lag at least through the first two quarters of 2001, the electronics transaction industry could be in line for a boost. In particular, Concord EFS (Nasdaq:CEFT) is expected to be one of the leaders.
On February 8, CEFT announced that revenue for the fourth quarter of 2000 was $353.3 million, up 32% compared to the same year ago quarter. WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted CEFT in its Newsletter. The investment website sends out via e-mail its Newsletter, which contains news, commentary, education and covered call highlights, at the close of the market on Monday, Wednesday, and Friday.
WinningInvestments also selected CEFT as one of its potential covered call candidates for its "13/13" category, which contains stocks that have grown in sales and profits by an average of 13% in each of the last 10 years, and are predicted to grow by that same amount over the next 3-to-5 years. The company lists its covered call candidates on its website three times per week.
Concord EFS currently has 9 analysts recommending it as a strong buy and 1 as a buy. CEFT is currently trading at $41 3/8, with the bid on the June 2001 $40 call at $5 3/8. This gives downside protection of 13.0% and a yield if called of 9.7%.
Investors who are unfamiliar with covered calls can learn about this investment method at www.WinningInvestments.com . WinningInvestments.com usually offers investors a free 10-day trial, where they can view the services with no risk or obligation. Between now and Feb. 21, 2001, members can receive a 15-day trial by stating "15-day trial" in the "How did you hear about us?" section of the registration page. To visit their site, go to http://www.WinningInvestments.com .
WinningInvestments.com also offers six different categories of covered call selections and nine different investment strategies. The covered call selections are updated on the website each week on Tuesday, Thursday and Sunday. The strategies include three different strategies for Dogs of the Dow, aggressive and conservative investors.