Hard Money Loans for Small Business 12 % plus Fees

Approved small business loan application and dollar billsHere is the latest quote on small business loans – inventory, debt

consolidation etc.

 

Requires :

Minimum 2 years business history

Credit Score  minimum 700

Loans $ 50,000 to $250,000

Continental U.S. only

Lender fees – nothing upfront , then 8 % of the approved amount when received

To apply: 

Email info@jackbassteam.com OR

Call Jack direct at 604-858-3202 ( Vancouver , Canada )

10:00-4:00 Monday to Friday  ( Pacific Time)

Greek Crisis Crushes Stock Futures

US futures are open and stocks are getting crushed.

Shortly after futures opened at 6:00 pm ET, S&P 500 futures were down 1.7%, or 37 points, to around 2,060.

fut_chartFinViz

Dow futures were off 298 points, or around 1.7%, while Nasdaq futures were also off 1.7%, or around 79 points.

fut_chart (2)FinViz

 

Stocks were following the lead of the euro, which was dropping hard against the dollar, falling 1.7% to below $1.10 while losing more than 2% against the Japanese yen and falling to its lowest level against the British pound since 2007.

The drop in stocks comes after a wild weekend of headlines out of Greece that saw talks between Greece and its creditors break down, Greece call a referendum vote on the latest bailout terms for next Sunday, while Greek banks and the Athens stock exchange have been closed for at least the next week.

Greece also has a €1.6 billion payment due to the IMF on Tuesday, which it appears they will miss.

Greek debt crisis: Banks to stay shut, capital controls imposed

Greeks are queuing for cash, but only 40% of ATMs have money in them, the BBC’s Gavin Hewitt reports

Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras says.

Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Mr Tsipras said Greek deposits were safe.

Greece is due to make a €1.6bn (£1.1bn) payment to the International Monetary Fund (IMF) on Tuesday – the same day that its current bailout expires.

Greece risks default and moving closer to a possible exit from the eurozone.

Greeks have been queuing to withdraw money from cash machines over the weekend, and the Bank of Greece said it was making “huge efforts” to keep the machines stocked.

Greek banks are expected to stay shut until 7 July, two days after Greece’s planned referendum on the terms it had been offered by international creditors for receiving fresh bailout money.

The Athens stock exchange will also be closed on Monday.

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Greece’s capital controls

  • A maximum of €60 (£42; $66) can be withdrawn from an account in one day
  • Overseas transfers of cash prohibited, except for vital, pre-approved commercial transactions.

Capital controls – how do they work?

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Eurozone finance ministers blamed Greece for breaking off the talks, and the European Commission took the unusual step on Sunday of publishing proposals by European creditors that it said were on the table at the time.

But Greece described creditors’ terms as “not viable”, and asked for an extension of its current deal until after the vote was completed.

“[Rejection] of the Greek government’s request for a short extension of the programme was an unprecedented act by European standards, questioning the right of a sovereign people to decide,” Mr Tsipras on Sunday said in a televised address.

“This decision led the ECB today to limit the liquidity available to Greek banks and forced the Greek central bank to suggest a bank holiday and restrictions on bank withdrawals.”

 

Become The Keeper Of Your Own Future – Here’s Your Wealth Pathway

 

Thinking about taking action isn’t going to create wealth.

Reading this blog without taking action to create your International Business Corporation, using tax havens to reduce your tax burden – does not create wealth.

Government shutdowns, ridiculous breaches of privacy, massive debts…

All around, the news these days is bad. But I don’t need to remind you of that. You know as well as I the state of the world right now.

You also know you can’t rely on bungling politicians for help. What you may not realize is how to pull yourself out of this mess and take control of your own future.

How can you ensure that you and your family are ok, no matter what the rest of the world decides to do?

Become The Keeper Of Your Own Future

Not enough people realize this, but this is the key to establishing a secure financial future for you and your family.

This sounds like a simple change of mindset, but it’s not. We are all used to a lifetime of believing that the government is there to help, that no matter what happens, they’ll be there as a safety net.

In the 21st century, those days are over.

I can’t say it loudly enough: You are the one in the driver’s seat. You have the power to make the decisions that will shape your future, and that of your family.

And yes, it’s work. Managing your own destiny is harder than leaving it to others, but, when you recognize the consequences of not taking control of your own future, it’s a no-brainer. You’ve got to act. And you’ve got to act now.
This first critical step is really a personal commitment to yourself–a promise that you will take full responsibility for your own life.

I realize this can be a scary prospect. Some folks are so overwhelmed by this idea that they would rather leave things be.

In today’s world, nobody can afford to be dependent on any one economy…on any one government…or on any one currency.

The way to protect yourself is to diversify outside your home country’s borders. The reality of the world we’re living in is that this is the only effective strategy available to you…to me…to all of us.

It’s a simple insight. We all know about diversity when it comes to stocks and bonds. Yet few people realize the fundamental importance of taking this basic concept to the next level.

I’ve been in the room with educated, experienced investors, who’ve bragged of their diversified portfolios. They hold stocks, bonds, real estate…

But once I’ve probed a little deeper, I’ve often found that their portfolios all share one problem. All are “diversified” in U.S. dollars…their investments are all domiciled in the United States…and they’re all at the mercy of anyone’s lawsuit filed under the U.S. legal system, including suits after their retirement funds.

What happens to these “diversified” investors if the dollar radically declines in value?

What if an angry litigant attacks your assets with a frivolous lawsuit?

1) CONTACT Jack A. Bass and set up your corporation offshore.

2) Open a bank account offshore

3) open a trading account offshore

4) accumulate your wealth in a low tax jurisdiction.

To START –

email info@jackbassteam.com or

call Jack direct at 604-858-3202 ( no cost or obligation).

 

Is Fitbit A One Hit Wonder ?

as Palm’s experience showed, one thing the world doesn’t need—not for long, at least—is a company that does only one thing.

When you strap a new Fitbit onto your wrist, it’s programmed to vibrate once you’ve taken ten thousand steps. From there, it keeps on counting. Fitbit can also track other aspects of your health—sleep patterns, calories burned, heart rate—and store the data in its software, so that you can track your progress over time. For Sedaris, who describes himself as “obsessive,” beating his own records becomes a kind of addiction: “At the end of my first sixty-thousand-step day, I staggered home with my flashlight knowing that I’d advance to sixty-five thousand, and that there will be no end to it until my feet snap off at the ankles,” he writes.

One man’s neurosis is another man’s business opportunity. By the end of last year, Fitbit Inc. had close to seven million active users and was nearing a billion dollars in annual revenue. On Thursday morning, the company went public, under the ticker symbol “FIT,” in an offering that initially valued it at 6.5 billion dollars. Fitbit’s most loyal users are a fervid crowd, but the company’s long-term success is far from guaranteed. It has, essentially, one line of products, with variations on the theme, and, while its product was novel in 2008, when it was first introduced, much larger companies have since noticed its success and started putting Fitbit-like features into their own products. In a filing with the S.E.C. in preparation for going public, Fitbit openly acknowledged that this presents a risk:

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Many large, broad-based consumer electronics companies either compete in our market or adjacent markets or have announced plans to do so, including Apple, Google, LG, Microsoft, and Samsung. For example, Apple has recently introduced the Apple Watch smartwatch, with broad-based functionalities, including some health and fitness tracking capabilities.

The Fitbit I.P.O. comes right as Apple stores are beginning to sell the Apple Watch, which has underscored the question : Will Fitbit be able to compete with bigger and better-financed rivals—especially those whose products do more than just track their wearers’ health. (Why settle for just tracking your heart rate in an app, when you can also text your loved ones an image of a heart that pulses to the rhythm of your actual heart?)

Single-product companies have gone public before, of course. The most obvious cautionary tale, among makers of consumer-tech devices, is the experience of Palm Inc. In 2000, when Palm went public, its Palm Pilots—those handheld organizers that were marketed as replacements for paper planners—seemed cutting-edge. Al Gore and Robin Williams had their own; in the Times magazine the previous year, the journalist David Colman had called the  device “a perfect amulet.” At the time, cell phones existed but were far from ubiquitous, and they didn’t do much more than send and receive calls. In 2003, though, Research in Motion came out with the BlackBerry, and in 2007, Apple released the iPhone—devices that could do what Palm’s organizers could do, plus much more. Palm tried to stay competitive by creating smartphones with revamped software and striking deals with cell-phone carriers to sell them, but, as The Verge has documented, it was too late. Several missteps, compounded by competition from Apple and other devices, such as Motorola’s Droid, that emerged in the late two-thousands, doomed the effort. In 2010, Hewlett-Packard acquired Palm. By 2011, its brand was dead.

 

/The problem for single-product tech companies is that, no matter how much they spend to develop devices with cool features, bigger companies like Apple—and, more recently, Samsung and China’s Xiaomi—can always spend more. This allows them to rapidly bridge feature gaps with smaller companies, and to incorporate those features into multi-purpose devices. And the threat goes beyond R. and D. Bigger firms also tend to have deeper and longer-standing ties to the suppliers that build their products—and, perhaps more to the point, more influence over those suppliers. They also have more established avenues to advertise and sell their wares and more clout with publishers and retailers. And they have the flexibility to undercut smaller rivals on price. When Nest, a startup that made connected devices for homes, announced last year that it would be acquired by Google, Nest’s C.E.O., Tony Fadell,  in a blog post the importance of its acquirer’s impressive resources. “We’ve had great momentum,” he wrote, “but this is a rocket ship.”

 

What if a company could sidestep the Palm problem? That’s what GoPro, which makes small cameras that record footage from the user’s point of view, appears to be trying to do. The company went public around this time last year, with a valuation of three billion dollars, and its stock price doubled by October. By March of this year, its shares had fallen to close to their original levels, partly because of Apple and Xiaomi (which, incidentally, also sells a fitness-tracking device), though in April, GoPro reported earnings that suggested that it has, so far, managed to do well despite those threats; its cameras are only becoming more popular. In May, the company’s founder and C.E.O., Nick Woodman, announced that it is developing drones and viral assistants Erinn Murphy, an analyst at Piper Jaffray & Co., : “This puts some of the naysayers on their heels, who thought this was just a one-hit wonder.”

 

It might seem that GoPro is doing something similar to what Palm did in the two-thousands by branching out into new products, but there are important differences in its strategy. As Matt Burns of TechCrunch wrote earlier this month, GoPro wants to position itself not only as a maker of hardware but as a service that people can use to store and share their footage. “GoPro doesn’t want to be known just as a camera company,” Burns wrote. Instead, it “wants to be a lifestyle media company” that can “give owners an easier way to share all that rad action footage.” The goal is to “build a new business based on content, not hardware.” Viewed in that context, drone and virtual-reality technologies could be as much about hardware as they are about allowing people to capture, store, and share more interesting content.

It’s not difficult for companies such as Apple and Xiaomi to replicate hardware features—and even to render single-use hardware products obsolete, as smartphones did to handheld organizers like the Palm Pilot. But, as companies like Facebook and Instagram have shown, once people have stored all of one kind of content with one company, they are often reluctant to leave it all behind and start over somewhere else. Facebook and Instagram also benefit from what is known as the network effect: the more users that a given social network connects, the more useful it becomes—thus making it difficult for other companies, even more established ones, to come along and steal the users away. (This phenomenon is partly to blame for the failure of Google’s social network, Google Plus.)

Palm came of age before anyone had heard the terms “cloud” or “social network”—too early to learn from Facebook or Instagram. But companies like GoPro and Fitbit, whose appeal has as much to do with the material they help store and share as with the devices themselves, might have the best chance at staying in business if they think of themselves not as hardware companies but as providers of services that let people manage and share their content. Fitbit has already announced its own version of a smartwatch—the Fitbit Surge, which sells for two hundred and fifty dollars and includes call and text notifications and music controls. Competing directly with Apple on hardware isn’t a bad move; after all, the success of the Apple Watch is far from guaranteed. Fitbit might want to focus, too, on the health information it stores and lets users share with one another. It may not be able to become a Facebook for health stats, but as Palm’s experience showed, one thing the world doesn’t need—not for long, at least—is a company that does only one thing.

 

 

Cramer Rates Chesapeake Energy : SELL SELL SELL

Our favorite AVOID gets a celebrity endorsement:

Chesapeake Energy is an oil and natural gas company based in Oklahoma City with positions in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa, Mississippi Lime, and Niobrara unconventional liquids plays.

TheStreet Ratings team rates CHESAPEAKE ENERGY CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

“We rate CHESAPEAKE ENERGY CORP (CHK) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.”

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 979.8% when compared to the same quarter one year ago, falling from $425.00 million to -$3,739.00 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CHESAPEAKE ENERGY CORP’s return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $423.00 million or 67.23% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm’s growth is significantly lower.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock’s performance over the last year: it has tumbled by 59.08%, worse than the S&P 500’s performance. Consistent with the plunge in the stock price, the company’s earnings per share are down 1159.25% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock’s sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • CHESAPEAKE ENERGY CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, CHESAPEAKE ENERGY CORP increased its bottom line by earning $1.83 versus $0.68 in the prior year. For the next year, the market is expecting a contraction of 109.8% in earnings (-$0.18 versus $1.83).
  • You can view the full analysis from the report here: CHK Ratings Report

Offshore your Portfolio http://www.youroffshoremoney.com 

Energy Investors Cling To False Hopes : The Lost Decade

It has been a very challenging time for investors in the energy space, but we find their resiliency impressive, considering they have endured a decade of little to no returns.

Oil companies say there will be a price to pay — a much higher price — for all the cost cutting being done today to cope with the collapse in the crude market.

Investors haven’t made any money over the past decade with the S&P TSX Capped Energy Index gaining a paltry 0.3 per cent annually while the Canadian dollar-adjusted West Texas Intermediate oil price is up only 0.7 per cent per year. This compares to the S&P TSX Index that has gained just over seven per cent per year over the same period.

Even though it remained fairly flat over the past 10 years, the energy index has experienced tremendous volatility with an average standard deviation of 30 per cent, more than double the TSX’s 14 per cent.

It is doubtful that many investors rode out the entire period, instead we think they pulled the ripcord during some of the periods of excess volatility. It’s even worse for those who purchased at its recent peak in mid-2014.

Which is why we find it rather amazing that investors plowed a whopping $5.5 billion into the Canadian exploration and production sector through bought-deal equity financings in the first quarter, and an additional $1.4 billion raised so far this quarter.

Which is why we find it rather amazing that investors plowed a whopping $5.5 billion into the Canadian exploration and production sector through bought-deal equity financings in the first quarter, and an additional $1.4 billion raised so far this quarter.

FP0623_TotalReturns_C_JR

Looking Ahead

With regards to oil prices, we think there could more downside than upside on the horizon especially in this environment of a prolonged global supply-demand imbalance.

On the positive side, global oil demand has been improving and is up 1.2 per cent from last May. However, this may not be enough as global supply has exceeded demand for the past five quarters and could soon see the longest glut since 1985, according to financial news provider Bloomberg.

Not helping matters is OPEC production growth as the group aims to protect its market share against North American producers that have yet to curtail output despite the oil price being halved in the past year. Over the past four weeks the Lower 48 oil production has averaged 229,000 barrels a day higher than the previous four weeks.

With regard to Canadian oil producers, many companies have implied commodity prices at or near the forward curve and some a little bit higher such as Suncor Energy Inc. and Canadian Natural Resources Ltd.

 

We find this to be a useful exercise at times as a large divergence or disconnect either way can be indicative of a sector bottom like in mid-2012 or the peaks of early 2011 and mid-2014.

But today’s signals suggest more uncertainty and are creating a very challenging environment to make an investment decision in.

The bad news is that this may mean we have not yet seen the final capitulation usually needed before the start of a new bull cycle.  This is because high CAD-denominated forward prices, low interest rates and the large capital flow into the sector are providing an artificial sense of hope for marginal producers.

That said, there are still opportunities in the sector, but one has to work extra hard to mitigate the risks of uncertainty.

We continue to stay away from Alberta oil and gas producers as there is still way too much jurisdictional uncertainty. They could under perform like they did during the last royalty review and as a result have a higher cost of capital.

Instead, we look to own those well-funded, non-Alberta producers such as Crescent Point Energy Corp. that are looking to gain market share in this challenged environment.

Read more on protecting your portfolio and capital at hignnetworth.wordpress.com

Going offshore http://www.youroffshoremoney.com

 

Is SandRidge Energy Built to Last? By Investopedia

When SandRidge Energy (NYSE: SD) announced last month that it was raising $1.25 billion in new debt, the move came as a surprise. This is a company whose CEO readily admitted earlier this year that if the current oil price was the new normal that it would, “probably want to remove $1 billion of debt from the balance sheet.” However, instead of focusing on ways to do just that, the company went out and piled on even more debt. It’s a move that certainly begs the question of whether or not SandRidge Energy is building a company that will last.

Piled high and deep
No matter which way we slice it, SandRidge Energy is over its head in debt. After accounting for the recent debt issuance, SandRidge Energy now has roughly $4.6 billion in net debt outstanding. If we add in its equity market value and its preferred equity, the company’s total enterprise value sits at roughly $5.7 billion.

To put that into perspective, SandRidge Energy now has almost as much net debt as EOG Resources (NYSE: EOG), which is a company roughly 10 times its size, since EOG Resources has a $53 billion enterprise value. Another way to look at it, debt as a percentage of SandRidge Energy’s enterprise value is 81% while it’s only 9% of EOG Resources’ enterprise value.

SandRidge added the new debt as a stop gap measure to boost its liquidity and therefore buy it more time to deal with the situation. However, it’s a move that could be its undoing should oil prices stay weak for the next couple of years. That’s because the company needs higher oil prices to push its cash flow higher so that it can support its debt over the long term.

$60 oil is the new $80, but that’s not enough
One of the reasons SandRidge Energy wanted to buy itself some more time is because it’s working feverishly to get its well costs down to $2.4 million per lateral. That cost represents a 20% saving from last year’s well cost and, more important, would enable SandRidge Energy to earn a 50% internal rate of return at a $60 oil price. For perspective, that’s the same return the company had been earning at a $80 oil price when its well costs were over $3 million per lateral. The problem is the fact the company still has a ways to go as its current well costs are $2.7 million.

Furthermore, even if SandRidge can meet its lofty goal of a $2.4 million well cost, the returns it would earn would still be well below what other peers like EOG Resources are already earning. In fact, EOG Resources is actually enjoying better well economics right now than when oil prices were $95 per barrel. As an example, the company’s after tax rate of return is 73% for wells drilled in the western Eagle Ford Shale while the company’s wells in the Delaware Basin Leonard now earn a 71% after tax rate of return, which are above the previous returns of 60% and 36%, respectively.

Investor takeaway
SandRidge Energy’s mountain of debt alone suggests the company isn’t built to last as it has almost as much debt as EOG Resources, a company nearly 10 times its size. Its problems are further compounded by the fact that the company’s asset base simply can’t produce returns on the same level as EOG Resources. Clearly, the company faces a daunting task as it won’t survive unless the price of oil moves meaningfully higher so that it can better support its mountain of debt.

Read more: http://www.investopedia.com/stock-analysis/062215/sandridge-energy-built-last-sd-eog.aspx#ixzz3dsSG8k

Protect your wealth

 

http://www.youroffshoremoney.com