It’s time. We’re talking about purchase order finance in Canada, how P O finance works, and how financing inventory and contracts under those purchase orders really works in Canada. And yes, as we said, its time… to get creative with your financing challenges, and we’ll demonstrate how.And as a starter, being second never really counts, so Canadian business needs to be aware that your competitors are utilizing creative financing and inventory options for the growth and sales and profits, so why shouldn’t your firm?Canadian business owners and financial managers know that you can have all the new orders and contracts in the world, but if you can’t finance them properly then you’re generally fighting a losing battle to your competitors.The reason purchase order financing is rising in popularity generally stems from the fact that traditional financing via Canadian banks for inventory and purchase orders is exceptionally, in our opinion, difficult to finance. Where the banks say no is where purchase order financing begins!It’s important for us to clarify to clients that P O finance is a general concept that might in fact include the financing of the order or contract, the inventory that might be required to fulfill the contract, and the receivable that is generated out of that sale. So it’s clearly an all encompassing strategy.The additional beauty of P O finance is simply that it gets creative, unlike many traditional types of financing that are routine and formulaic.It’s all about sitting down with your P O financing partner and discussing how unique your particular needs are. Typically when we sit down with clients this type of financing revolves around the requirements of the supplier, as well as your firm’s customer, and how both of these requirements can be met with timelines and financial guidelines that make sense for all parties.The key elements of a successful P O finance transaction are a solid non cancelable order, a qualified customer from a credit worth perspective, and specific identification around who pays who and when. It’s as simple as that.So how does all this work, asks our clients.Lets keep it simple so we can clearly demonstrate the power of this type of financing. Your firm receives an order. The P O financing firm pays your supplier via a cash or letter of credit – with your firm then receiving the goods and fulfilling the order and contract. The P O finance firm takes title to the rights in the purchase order, the inventory they have purchased on your behalf, and the receivable that is generated out of the sale. It’s as simple as that. When you customer pays per the terms of your contract with them the transaction is closed and the purchase order finance firm is paid in full, less their financing charge which is typically in the 2.5-3% per month range in Canada.In certain cases financing inventory can be arranged purely on a separate basis, but as we have noted, the total sale cycle often relies on the order, the inventory and the receivable being collateralized to make this financing work.Speak to a credible, trusted and experienced Canadian business financing advisor as to how this type of financing can benefit your firm.
What Are the Most Important Things in a Nutrition Program?
Nutrition program can be defined as a process of taking in or consuming healthy and growth supporting food. With the changing lifestyle in urban areas every other person is surrounded with junk food or fast food temptation, but none of those unfit food stuff works the way a balanced diet does.A good or balanced nutrition for healthy living is a benefit for every age type, especially for those spending hours in gym or other physical activities. It is a well known fact that nutritional diet intake is full of benefits for every category of people and supports growth in teenagers and kids, while helping in maintaining healthy and fit body in adults.Before going to nutrition filled food and the important things in a nutrition program, you need to understand that nutrition does not only mean having lots of protein through the day or throwing calories away from your life or to skip a meal or to eat less. Nutrition or nutrition program is a process where a complete combination of all the nutrients should be present in day to day diet i.e. you can not just skip carbohydrates or fat from your food intake.Mostly people involved in workouts tend to suffer from weakness and late post-workout recovery due to incomplete nutrition intake. You may be having protein supplements, but your body will still be lacking in nutrition for the absence of other vital ingredients of a perfect nutrition program. A human body needs a well balanced combination of the three main ingredients of a nutrition program .i.e. protein, carbohydrate and fat. Along with these three main components, a nutrition program also consists of vitamins, minerals and adequate amount of water intake.A good nutrition program consist of vital steps or things to be taken care of, as it helps to ensure that the body is getting complete nutrition and does not lacks in any of the key ingredient. But, there are also things not to be done to balance and succeed in your nutritional intake. These ‘not to do’ things say – do not begin a nutrition program without a physical activity like exercising or cycling or brisk walking, do not skip your meals (breakfast or lunch or dinner), do not depend only on supplements and substitutes for losing weight or gaining muscle strength and do not skip or minus any of the three main ingredients mentioned.Another big mistake people tend to make in the name of nutrition intake or nutritious diet is by eating less or staying on fast through the day (with nothing but fruits intake). Often, eating less or nothing works towards slowing down or destroying the metabolism of a body.Some of the most important things in a complete nutrition program are small but 5-6 meals per day, little bit of everything, management of calories to a level or intake of good fat, lost of water intake through a day, addition of fiber rich food and inclusion of vegetables and fruits in daily intake.Experts believe that for a good healthy and nutritional intake one need to eat more than 3 meals per day. These meals should be 5 to 6 in number and less in quantity; also these small meals should consist of a balanced ratio of all the vital ingredients. This step of a nutrition programs helps to put an end to extra hunger or need for food and puts an end to starvation, also this helps to boost up the body metabolism and supports digestion system too. Next step comes as a balanced ratio of all the ingredients or little bit of everything i.e. to manage your 5-6 meals with lots of protein, required amount of carbohydrates, 20 to 25 % of fat per day and desired amount of vitamins and minerals.People in general are always afraid of fat intake and tend to shift towards fat free or low fat food products, but truth is that fat has its own vital role in a nutrition diet. Fat is required for providing energy, stamina and oil to the bones, muscles, tissues and cells in the body. Fat intake to a desired level (specially the essential fat or the good fat) is compulsory for not just those indulged in muscle building, but is also equally important for rowing children and ageing adults for lubrication of joints. There are three types of fats present in food, such as saturate fat, polyunsaturated fats and monounsaturated fats. Out of these three types, monounsaturated fats are the essential and good fats required by a body for growth, strong joints and bones, building of stamina and for maintaining a decent level of cholesterol in the body. It also is said to have good ‘antioxidant’ characteristics. Olive oil, canola oil and fish oil are some of the sources of monounsaturated fats; also this type of fat is present in both kinds of products (plant and animal).Objective of a nutritious diet is not just to provide health and growth to a body, but to maintain its vital function like metabolism and digestion. Adequate intake of water in a day works towards helping the body in performing these functions successfully. Water does not just prevent a body from dehydrating, but also act as a cleanser for body toxins. Water is needed in a body to support the breakdown of valuable ingredients within the body.Lastly, a balanced or perfect nutrition program can never exit without the intake of right amount of valuable fiber rich products like fruits and vegetables. To maintain a fiber level within a body is important enough to not to be ignored. You can always eat lots of salad or fruits between your main meals to fill your body with vital fibers required for performing digestive functions and to maintain the nutrition level of the body. Some of the source for fiber rich fruits and vegetables are: apples, pears, oranges, grapefruits, broccoli, spinach, lettuce, carrots, mushrooms and green beans.Thus, a good nutritional diet program is essential to make your body perform its vital functions with an ease.Copyright (c) 2008 Jason Szova
S&P 500 Biotech Giant Vertex Leads 5 Stocks Showing Strength
Your stocks to watch for the week ahead are Cheniere Energy (LNG), S&P 500 biotech giant Vertex Pharmaceuticals (VRTX), Cardinal Health (CAH), Steel Dynamics (STLD) and Genuine Parts (GPC).
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While the market remains in correction, with analysts and investors wary of an economic downturn, these five stocks are worth adding to watchlists. S&P 500 medical giants Vertex and Cardinal Health have been holding up, as health-care related plays tend to do well in down markets.
Steel Dynamics and Genuine Parts are both coming off strong earnings as both the steel and auto parts industries report optimistic outlooks. Meanwhile, Cheniere Energy saw sales boom in the second quarter as demand in Europe for natural gas continues to grow.
Major indexes have been making rally attempts with the Dow Jones and S&P 500 testing weekly support on Friday. With market uncertainty, investors should be ready for follow-through day breakouts and keep an eye on these stocks.
Cheniere Energy, Cardinal Health and VRTX stock are all on IBD Leaderboard.
Cheniere Energy Stock
LNG shares rose 1.1% to 175.79 during Friday’s market trading. On the week, the stock advanced 3.1%, not from highs, bouncing from its 21-day and 10-week lines earlier in the week.
Cheniere Energy has been consolidating since mid-September, but needs another week to forge a proper base, with a potential 182.72 buy point formed on Aug. 10.
Houston-based Cheniere Energy was IBD Stock Of The Day on Thursday, as the largest U.S. producer of liquefied natural gas eyes strong demand in Europe.
Even though natural gas prices are plunging in the U.S. and Europe, investors still see strong LNG demand for Cheniere and others.
The U.K. government confirmed last week that it is in talks for an LNG purchase agreement with a number of companies, including Cheniere.
In the first half of 2021, less than 40% of Cheniere’s cargoes of LNG landed in Europe. That jumped to more than 70% through this year’s second quarter, even as the company ramped up new export capacity. The urgency of Europe’s natural gas shortage only intensified last month. That is when an explosion disabled the Nord Stream 1 pipeline from Russia that had once supplied 40% of the European Union’s natural gas.
In Q2, sales increased 165% to $8 billion and LNG earned $2.90 per share, up from a net loss of $1.30 per share in Q2 2021. The company will report Q3 earnings Nov. 3, with investors seeing booming profits for the next few quarters.
Cheniere Energy has a Composite Rating of 84. It has a 98 Relative Strength Rating, an exclusive IBD Stock Checkup gauge for share price movement with a 1 to 99 score. The rating shows how a stock’s performance over the last 52 weeks holds up against all the other stocks in IBD’s database. The EPS rating is 41.
Vertex Stock
VRTX stock jumped 3.4% to 300 on Friday, rebounding from a test of its 50-day moving average. Shares climbed 2.2% for the week. Vertex stock has formed a tight flat base with an official buy point of 306.05, according to MarketSmith analysis.
The stock has remained consistent over recent weeks, while the relative strength line has trended higher. The RS line tracks a stock’s performance vs. the S&P 500 index.
Vertex Q3 earnings are on due Oct. 27. Analysts see EPS edging up 1% to $3.61 per share with sales increasing 16% to $2.2 billion, according to FactSet.
The Boston-based global biotech company dominates the cystic fibrosis treatment market. Vertex also has other products in late-stage clinical development that target sickle cell disease, Type 1 diabetes and certain genetically caused kidney diseases. That includes a gene-editing partnership with Crispr Therapeutics (CRSP).
In early August, Vertex reported better-than-expected second-quarter results and raised full-year sales targets.
S&P 500 stock Vertex ranks second in the Medical-Biomed/Biotech industry group. VRTX has a 99 Composite Rating. Its Relative Strength Rating is 94 and its EPS Rating is 99.
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Cardinal Health Stock
CAH stock advanced 3.2% to 73.03 Friday, clearing a 71.22 buy point from a shallow cup-with-handle base and hitting a record high. But volume was light on the breakout. CAH stock leapt 7.3% for the week.
Cardinal Health stock’s relative strength line has also been trending up for months.
The cup-with-handle base is part of a base-on-base pattern, forming just above a cup base cleared on Aug. 11.
Cardinal Health, based in Dublin, Ohio, offers a wide assortment of health care services and medical supplies to hospitals, labs, pharmacies and long-term care facilities. The company reports that it serves around 90% of hospitals and 60,000 pharmacies in the U.S.
S&P 500 stock Cardinal Health will report Q1 2023 earnings on Nov. 4. Analysts forecast earnings falling 26% to 96 cents per share. Sales are expected to increase 10% to $48.3 billion, according to FactSet.
Cardinal Health stock ranks first in the Medical-Wholesale Drug/Supplies industry group, ahead of McKesson (MCK), which is also showing positive action. CAH stock has a 94 Composite Rating out of 99. It has a 97 Relative Strength Rating and an EPS rating of 73.
Steel Dynamics Stock
STLD shares shot up 8.5% to 92.92 on Friday and soared 19% on the week, coming off a Steel Dynamics earnings beat Wednesday night.
Shares blasted above an 88.72 consolidation buy point Friday after clearing a trendline Thursday. STLD stock is 17% above its 50-day line, definitely extended from that key average.
Steel Dynamics’ latest consolidation could be seen as part of a larger base going back six months.
Steel Dynamics topped Q3 earnings views with EPS rising 10% to $5.46 while revenue grew 11% to $5.65 billion. The steel producer’s outlook is optimistic despite weaker flat rolled steel pricing. STLD reports its order activity and backlogs remain solid.
The Fort Wayne, Indiana-based company is among the largest producers of carbon steel products in the U.S. It engages in metal recycling operations along with steel fabrication and produces myriad steel products.
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STLD stock ranks first in the Steel-Producers industry group. STLD stock has a 96 Composite Rating out of 99. It has a 90 Relative Strength Rating, an exclusive IBD Stock Checkup gauge for share-price movement that tops at 99. The rating shows how a stock’s performance over the last 52 weeks holds up against all the other stocks in IBD’s database. The EPS rating is 98.
Genuine Parts Stock
GPC stock gained 2.8% to 162.35 Friday after the company topped earnings views with its Q3 results on Thursday. For the week GPC advanced 5.1% as the stock held its 50-day line and is in a flat base.
GPC has an official 165.09 flat-base buy point after a three-week rally, according to MarketSmith analysis.
The relative strength line for Genuine Parts stock has rallied sharply to highs over the past several months.
On Thursday, the Atlanta-based auto parts company raised its full-year guidance on growth across its automotive and industrial sales.
Genuine Parts earnings per share advanced 19% to $2.23 and revenue grew 18% to $5.675 billion in Q3. GPC’s full-year guidance is now calling for EPS of $8.05-$8.15, up from $7.80-$7.95. The company now forecasts revenue growth of 15%-16%, up from the earlier 12%-14%.
During the Covid pandemic, supply chain constraints caused a major upheaval in the auto industry, sending prices for new and used cars to record levels. This has made consumers more likely to hang on to their existing vehicles for longer, driving mileage higher and boosting demand for auto replacement parts.
Fellow auto stocks O’Reilly Auto Parts (ORLY) and AutoZone (AZO) have also rallied near buy points amid the struggling market. O’Reilly reports on Oct. 26.
IBD ranks Genuine Parts first in the Retail/Wholesale-Auto Parts industry group. GPC stock has a 96 Composite Rating. Its Relative Strength Rating is 94 and it has an EPS Rating of 89.