Jack Bass on Exit Coach Radio July 10 10:40 a.m. Pacific Time

I just wanted to let you know that I will be a Guest on The Exit Coach Radio Show on July 10 at 10:40 a.m.. I will discuss several tips and ideas for you to use in your business planning, so I hope you will listen in. There is a “LIVE SHOW LINK” at http://www.ExitCoachRadio.com that you can use to tune in. Thanks

Business Credit Services

please call me to see how I can assist in helping your clients obtain the financing they need.

Below are some program features for our line of credit that I want to share with you. In addition please note that we offer equipment financing with terms from 2-5 years. Rates are about 7-14% on these.

Line of Credit/Loan Product Features:
Up to $2,000,000 available on lines of credit
Terms up to 2 years
Interest Rates: 2-2.75%/month
Approval amount is typically 9-11% of gross annual sales
Very flexible with credit (no open BK’s)
Tax Liens, Foreclosures, Collections and Judgments OK
Premium Programs available for excellent credit applicants
Payment Options – Daily or Weekly ACH available
Approvals within 24-48 hours
Funding within 5-7 days

Documents Needed along with application:
6 months of most recent Business Bank Statements
Page 1 of Business Tax Return to verify gross sales
4 months of Merchant Statements (*if you accept credit card sales that is)

for a no cost / no obligation review please email info@jackbassteam.com or call Jack direct at 604-858-3202 9;00- 5:00 Monday to Friday( same time as Los Angles)

Lululemon’s founder, advisors considering a buyout

jackbassteam:

If the pants fit …

Originally posted on Fortune:

Lululemon Athletica’s [fortune-stock symbol="LULU"] founder Dennis “Chip” Wilson is sniffing around options to take the company private, people with knowledge of the matter said Wednesday.

Wilson has met with private equity firms, including Leonard Green & Partners, to explore his options, although no deal is currently in the offering, according to a report in The Wall Street Journal.

The premium required to buy out the $6.3 billion company would be a major roadblock to taking the company private, according to industry insiders. But Wilson’s efforts show he is grasping for control over how the yoga-gear company is run.

Wilson stepped down as CEO in 2005, and then bowed out as chairman in May. He has since been critical of Lululemon’s strategic direction and voted recently against the election of its new chairman and another director.

Wilson’s beef with the board has been ongoing, and nearly six months ago Lululemon talked with…

View original 48 more words

US Economy Adds 288,000 Jobs in June

The US economy added 288,000 jobs in June, latest figures from the Bureau of Labor Statistics have shown.

The unemployment rate dropped to 6.1%, its lowest level since September 2008.

That figure beat analysts’ expectations and is an encouraging sign for investors and policymakers after disappointing growth in the first quarter of 2014.

Economists blamed harsh winter weather for a 2.9% annualised decline in US economic output from January to March.

Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, underscoring a brighter U.S. labor market that will help spur the economy.

The addition of 288,000 jobs followed a 224,000 gain the prior month that was bigger than previously estimated, Labor Department figures showed today in Washington. The median forecast in a Bloomberg survey of economists called for a 215,000 advance. The number of long-term unemployed Americans fell to 3.1 million, showing they’re having greater success finding work.

A rebound in the economy after a first-quarter slump is encouraging companies such as Ford Motor Co. (F) to add to staffing levels, laying the groundwork for a pickup in wages needed to further propel consumer spending. More employment opportunities will probably keep Federal Reserve policy makers on the path to gradually reduce monetary stimulus.

“The labor market kicked into a higher gear in the second quarter,” Ward McCarthy, chief financial economist at Jeffries LLC in New York, said before the report. “You really have to look at the post-first-quarter data, and that’s looking pretty good. Even housing is showing improvement.”

Photographer: Patrick T. Fallon/Bloomberg
SolarCity Corp. is adding 400 people a month at the rooftop power-system installer.
Stock futures fluctuated, after benchmark equity gauges extended records yesterday, after the report. Futures on the Standard & Poor’s 500 Index expiring in September rose less than 0.1 percent to 1,968.4 at 8:39 a.m. in New York. Equities markets close at 1 p.m. today before the Independence Day holiday.

Service Employment

Factories took on the most workers in four months, while payrolls at private service providers climbed by the most since October 2012.

The number of people out of work for 27 weeks or longer — the so-called long-term unemployed — decreased as a percentage of all jobless to 32.8 percent, the lowest since June 2009.

Payroll estimates of 94 economists in the Bloomberg survey ranged from gains of 145,000 to 290,000 after a previously reported 217,000 advance. The unemployment rate, which is derived from a separate Labor Department survey of households, fell to the lowest since September 2008. It was projected to hold at 6.3 percent, according to the survey median.

Revisions to prior reports added a total of 29,000 jobs to overall payrolls in the previous two months.

Jobless Claims

A separate report from the Labor Department today showed little change in the number of Americans filing applications for unemployment benefits last week, a sign that employers are limiting dismissals.

Jobless claims rose by 2,000 to 315,000 in the week ended June 28. The median forecast of economists surveyed by Bloomberg called for 313,000 claims. Economists’ estimates ranged from 305,000 to 325,000 after an initially reported 312,000 in the week ended June 21.

In June, applications for jobless benefits ranged from 313,000 to 318,000. Fewer firings typically foreshadow an acceleration of job growth.

Figures from the Commerce Department showed the U.S. trade deficit narrowed 5.6 percent in May to $44.4 billion, helped by record exports. The value of petroleum imports was the smallest since November 2010.

Private Employment

Today’s payrolls report showed that private employment, which excludes government agencies, rose by 262,000 in June after a 224,000 gain the prior month.

The so-called participation rate, which indicates the share of the working-age people in the labor force, held at 62.8 percent.

Help-wanted signs at concrete company Kent Cos. is one indication of an improving labor market. Warren Buffett’s BNSF Railway Co. plans to grow by 2,100 positions in 2014. SolarCity Corp. is adding 400 people a month at the rooftop power-system installer. At Ford Motor Co., hiring is so strong that the automaker predicts it may beat a 2011 plan to bring on 12,000 new workers by 2015.

That’s because of stronger demand for automobiles. Cars and light trucks sold at a 16.9 million pace in June, the strongest since July 2006, after a 16.7 million rate in May, based on data from Ward’s Automotive Group. Deliveries at General Motors Co. and Ford, the two largest U.S. automakers, exceeded analysts’ estimates.

First Quarter

Recent strides in the labor market underscore the economy’s snapback from a first-quarter contraction. The economy shrank at a 2.9 percent annualized rate from January through March, the biggest drop-off since the first quarter of 2009, the Commerce Department reported last month. Consumer purchases grew at the weakest pace in five years.

Gross domestic product probably bounced back in the second quarter and will expand at an average 3.1 percent rate in the remaining two quarters of 2014, according to the median forecast in a Bloomberg survey conducted June 6 to June 11. Household purchases are also expected to improve, it showed.

Recent data are consistent with the outlook. Factories, propelled by the strongest orders of the year, sustained gains in June and are poised to be part of the rebound, the Institute for Supply Management’s manufacturing report showed this week.

Businesses paring their workforce include Key Technology Inc. (KTEC), a Walla Walla, Washington-based maker of food and material processing automation equipment. The company said it will reduce about 8 percent of its global staff as it remains “vulnerable” to ups and downs in its markets.

Factory Hiring

Today’s Labor Department’s payrolls report also showed factory hiring increased by 16,000 in June. Employment at private service-providers jumped 236,000. Retailers took on 40,200 employees.

Average hourly earnings rose by 0.2 percent for a second month, to $24.45 in June from the prior month, and increased 2 percent over the past 12 months. The average work week for all workers held at 34.5 hours.

Fed Chair Janet Yellen said last month that she expects consumer spending will continue to grow at a “healthy rate,” in part as bigger income gains materialize.

“My own expectation is that as the labor market begins to tighten, we will see wage growth pick up some,” Yellen told reporters on June 18 after the Fed’s policy meeting. “If we were to fail to see that, frankly I would worry about downside risk to consumer spending.”

Yellen’s dashboard of job market progress spans nine measures, including payrolls, the jobless rate, underemployment, labor force participation, and the share of long-term unemployed workers. It also monitors the job openings rate, layoffs and discharges, the hires rate, and the quits rate.

The Position of Special Assistant To The Editor – has been filled

 

Intel Update

INTC : NASDAQ : US$27.96

HOLD 
Target: US$31.00

Technology — Hardware — Semiconductors and Related Technologies
ENTERPRISE PC DRIVES UPSIDE TO JUNE QUARTER, LONG-TERM THESIS UNCHANGED
Investment recommendation:

Intel updated JuneQ guidance well above
the prior revenue range driven by strength in PCCG, particularly
enterprise-focused PCs. While these stronger than anticipated trends in
PCCG have proven more sustainable than we had anticipated, we build
our long-term investment thesis on unchanged views toward growth
prospects in Intel’s other businesses. That said, stronger and more
sustainable trends in PCCG provide a more firm foundation for and
flexibility to those businesses. We adjust our estimates higher to reflect
this enterprise PC strength and the positive impact to margins from
leverage. We maintain our HOLD rating, but raise our target to $31.
Investment highlights
 While we maintain our belief secular PC declines will continue in the
longer term, resilient enterprise PC sales have continued to be
stronger than our expectation, with upgrades from WindowsXP
systems serving as a tailwind.
 Driven by these trends, Intel raised midpoints of its JuneQ revenue
and gross margin guidance from $13.0B/63% to $13.7B/64%. In
addition, management now anticipates “some” revenue growth Y/Y
in 2014 and gross margin at the high end of the previous range, or
above 61%. JuneQ and 2014 operating expense guidance was
increased from $4.8B/$18.9B to $4.9B/$19.2B at the midpoints.
 We discuss our detailed investment thesis and unchanged views on
Intel’s non-PC businesses in our June 9 report titled “Anticipate
strong data center growth, but DCG guidance is aggressive given
increased server competition; resuming with HOLD, $29 target.”
 Based on the updated outlook, we increase our 2014/15 non-GAAPEPS estimates to $2.24/$2.35 from $2.13/$2.25.
Valuation: Our $31 target is based on shares trading at roughly 13x our
2015 non-GAAP EPS estimate, excluding stock-based compensation

Trading Alert : NEWL Longs Taste Revenge

Pounded day after day the stock slipped below a dollar.

today the start was as bad and the decline was into the 70 cent range.

In the past hour buying is so great the Level Two quotes cannot keep up – likely shorts trying to lock in profits of the last week.

NEWLEAD HOLDINGS LTD(NEWL:NASDAQ, US)

1.10USDIncrease0.155(16.40%)Volume: 
Above Average
As of 03 Jun 2014 at 1:29 PM EDT.

QUOTE DETAILS

Open 0.8800 P/E Ratio (TTM)
Last Bid/Size 1.09 / 25 EPS (TTM) -56,034.36
Last Ask/Size 1.10 / 104 Next Earnings
Previous Close 0.9450 Beta 2.14
Volume 28,730,744 Last Dividend
Average Volume 15,875,201 Dividend Yield 0.00%
Day High 1.11 Ex-Dividend Date
Day Low 0.7300 Shares Outstanding 10.1M
52 Week High 8,235.00 # of Floating Shares 3.06757M
52 Week Low 0.3788 Short Interest as % of Float 0.50%

 

AMP editor reveals money management training photo.

The secret of investment success was learned on a planet far, far away.

” Putting money to work we are .”

Trading Alert ” ROX – suddenly moving

Castle Brands showing signs of life . After slipping below a $ 1.00 the stock has returned to the world of the living . Price and volume jumped this morning after yesterdays breaking the $1 barrier.

CASTLE BRANDS INC(ROX:NYSE MKT LLC, US)

1.03USDIncrease0.02(1.98%)Volume: 
Above Average
As of 14 May 2014 at 9:36 AM EDT.

 

 QUOTE DETAILS
Open 1.00 P/E Ratio (TTM)
Last Bid/Size 1.02 / 46 EPS (TTM) -0.11
Last Ask/Size 1.03 / 2 Next Earnings
Previous Close 1.01 Beta 0.93
Volume 128,189 Last Dividend
Average Volume 292,992 Dividend Yield 0.00%
Day High 1.05 Ex-Dividend Date
Day Low 1.00 Shares Outstanding 150.1M
52 Week High 1.55 # of Floating Shares 63.45682M
52 Week Low 0.3001 Short Interest as % of Float 0.44%

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