Louis R. Chenevert is a Canadian executive and entrepreneur who served as the chief executive officer of the United Technologies Corporation from 2008 to 2014. He previously worked with other companies, most notably General Motors where he worked for more than 14 years. Louis R. Chenevert is considered as one of the best leaders of the United Technologies Corporation because he managed to take the company to a whole new level after serving as their chief executive officer. He also introduced several changes that made the company one of the most profitable in the industry.
Back when he was still working for General Motors, Louis R. Chenevert had an idea to quit the vehicle manufacturing company and work for a different industry. One of his colleagues convinced him to work for the United Technologies Corporation and assured him that his experiences with General Motors would not be put to waste. Louis R. Chenevert decided to leave his company for 14 years to experience a new direction in his career. He initially worked with the subsidiaries of the United Technologies Corporation, specifically with PWC and P&W. These subsidiaries have two different goals – one is to create the smallest aircraft, while the other one targets to develop the largest engines.
Louis R. Chenevert managed to overcome all of the challenges that he faced while working with the subsidiaries of the United Technologies Corporation, and he gained the attention from the headquarters. Because of his exceptional performance, he was named as the new chief executive officer of the company in 2008. He used his ability to lead the company to success and launched programs which have benefited the company’s employees. He provided scholarships to the United Technologies Corporation employees, giving them the freedom to choose which degree they would want to take in college. Because of his programs, the United Technologies Corporation had a sudden surge in the number of engineers and other professionals. Another reform that he introduced is the expansion and strengthening of their relationship with their business partners, especially with the United States military and other similar organizations and institutions.
In support of the short position taken by Kerrisdale with regards to St. Joe’s ambitious real estate plans, the investment company has issued a negative statement on the realtor. The report comes amid St. Joe Company’s surge in popularity that has seen the stock price quadruple. These developments have ignited optimism in the face of developers and led them into believing that the company might be heading in the right direction. Kerrisdale, however, casts serious doubt on St. Joe’s operations as well as the sustainability of the company’s business module.
The red flags
Kerrisdale goes ahead to highlight some serious investment pitfalls that every investor should carefully interrogate before committing their capital to the company. For instance, Kerrisdale points out to the fact that one of Quinstreet’s biggest investor, Fairholme Funds with a 30 percent stake in the company, might end up slicing this stake by half. The majority shareholder was recently forced to adhere to SEC liquidity rules thereby exposing the rest of St. Joe investors to the uncertainty of forced selling. Kerrisdale believes that the move might see the company’s stock price fall by more than 40 percent.
Additionally, QuinStreet has made little effort to prove its capability to enforce its master real estate plans. Channel checks by Kerrisdale point to the fact that the investor has made no significant efforts in enforcing their St. Joe land development proposals initiated close to a decade ago. Investors should, therefore, prepare to wait for returns.
The delays experienced with the development of the interior lands by the company cast a big shadow of doubt on the achievability of their now ambitious Panama City beach plans. Investors should note that a huge chunk of the Panama City Beach property lies in desolate and swampy areas. Its monetization is also based on an overly ambitious and its realization would only be feasible if the investment company sold more units every year for the next five decades in the district that were absorbed by the larger Panama market in 2017.
About Sahm Adrangi of Kerrisdale
Sahm Adrangi is the founder and Chief Investment Officer of Kerrisdale capital, a New York-based private investment firm. He is Yale University Graduate with a bachelor’s in economics. Before starting Kerrisdale, Sahm Adrangi worked as a manager at Longacre Fund Management as well as a bankruptcy restructuring specialist at Chanin Capital Partners.
Sahm Adrangi is known for being vocal about fraudulent companies. He uses his extensive knowledge to short them. However, just like he did with St Joe’s company, Sahm Adrangi does not just make up stories or claims of suspicious activities. Instead, he takes time to research widely before he can shortlist a company. He also publishes the information at Kerrisdale capital so the public can get access to it.
Hussain Sajwani was born into entrepreneurship as his father owned a shop selling products imported from China. Before attending college, he obtained a government scholarship and moved to Washington State where he attended the University of Washington and earned a Bachelor’s in Industrial Engineering and Economics. Later starting a career in the United Arab Emirates in the oil industry.
Within a few years, Sajwani changed course and started a business, catering to customer’s like the United States Military and Bechtel, one of the largest construction companies in the United States. His business grew into a behemoth and still operates to this day, serving customers all around the world in various industries like education and hospitality in addition to some of its primary clientele.
In 2002, Hussain Sawjani left catering and founded DAMAC Properties, which quickly became one of the largest developers in the Middle East. It has amassed some 19,000 apartment buildings, including an upwards of 44,000 units all in multiple stages of development. Thirteen years later DAMAC went public on the Dubai Financial Market, adding to its success.
More recently, DAMAC continues to see success on a global scale with properties throughout the Middle East and Europe with plans to expand in the United Kingdom and the United States. They have entered into partnerships with notable developers like the Trump Organization in a deal that will see a total of two Tiger Woods-designed golf courses erected in the UAE. With this deal and Trump’s presidency, Hussain Sajwani sees continued success in the first. So much so that depending on coming market trends, there are plans to potentially sell a stake in the company to create more liquidity for assumed further growth.
Hussain Sajwani’s outlook for the first is also high as they have yet to reach supply and demand equilibrium in the last three years. For example, demand calls for a minimum of 15,000 units a year, but in the previous three, DAMAC has produced less than 10,000 units a year. With future opportunities, Sajwani sees out increasing to more than 10,000 to 12,000, still below demand but a sure indication of a table market moving forward.
CNBC in January had an opportunity to sit down with Hussain Sajwani, Founder and Chairman of DAMAC properties during the World Economic Forum 2018. They touched on many different subjects including the development of two golf courses, Sajwani’s outlook on the property market in Dubai, and opportunities he sees in the United Kingdom.
Regarding the construction of two golf courses designed by Tiger Woods, they will be managed by the Trump Organization. Concerns raised whether President Trump, often associated with his brand, would effect DAMAC’s business performance as a result of his decision on Jerusalem.
Hussain Sajwani reassured his interviewers that he believed there would be no effect whatsoever. In fact, not only did the completion of the first golf course result in favorable results regarding its design and build-quality of the course, but DAMAC could see growth when results are shared later on. Sajwani also added that the golf course is one of the best in the world.
When it came to the property market in Dubai, Hussain Sajwani first addressed concerns of overcapacity. The market in Dubai is calling for at least 15,000 units every year, where over the last three years DAMAC has produced less than 10,000 overall units in each of those years. Therefore, not only is there room for growth but in the coming years, he expects production to draw closer to 10,000 to 12,000 units. Not just coming close to a supply and demand equilibrium, but it is also clear there is room for substantial growth in the market moving forward.
Lastly, Hussain Sajwani remarked his thoughts on growth in the United Kingdom. With an overflow of cash flow, he believes this cash is not fully leveraged at presence. Therefore there is a desire to invest in the right places. One of which is the UK, especially following Brexit where the pound is now priced more attractive when compared to pre-Brexit. The property marketing is also much more appealing as a result.
With the foreseen continued growth, Hussain Sajwani surely can expect to see DAMAC continue to perform despite perceived headwinds such as the recent headlines the President made.
In today’s society, there is a generation of people that is struggling managing their finances while trying to help out their family members. It’s being coined as the “Sandwich Generation.” With people living longer than expected, adult children sometimes find themselves in a position to have to support their parents financially.
The sandwich generation is not only having to provide for their aging parents but also their college-aged kids. According to a recent study conducted by the Pew Research Center, it is estimated that one in seven middle-aged adults are stuck as part of the sandwich generation.
It’s very typical of advisors such as HCR Wealth Advisors to have clients who have major concerns about being able to live on their retirement savings. The team of independent advisors at this registered investment advisory firm work to develop personalized financial plans to help their clients reach their financial goals. HCR Wealth works to educate clients and protect them against risk.
Being stuck in the sandwich generation is a preventable and the method of preparing a financial plan is plausible. If planned appropriately, you can avoid making financial mistakes, such as making an early withdrawal from a retirement plan to offset expenses. As a registered investment advisory firm, HCR Wealth Advisors counsels clients on how to best make use of their investment money.
Planning by adult children who take care of aging parents should be equally meticulous. Adult children should know the discretionary expenses compared to their parent’s retirement income. Since longevity is continuing to be expanded and people living well into their 90s, adult children should have an expectation that at least one of their parents will outlive their retirement.
Connect with President of HCR Wealth Advisors on LinkedIn: https://www.linkedin.com/in/greg-heller-37342a9
HCR Wealth Advisors is not affiliated with this website
What are the pros and cons of trading with AvaTrade? Is AvaTrade legit? What did the latest AvaTrade Review discover?
Since 2006, AvaTrade has been turning heads. It offers a good balance of commodities, currencies, cryptocurrencies, indices and ETFs for trade. It is regulated by a couple of governments, including the Central Bank of Ireland and ASiC.
You need to find USD$250 somewhere to satisfy the minimum deposit rules. Then, you can use your smart phone to trade using the MetaTrader 4 application. You can even plug in a signal service to Meta Trader 4.
More than 200,000 members have been making money on AvaTrade. They must like its features. These members are in Ireland, the UK, South Africa, France, China, Mongolia and other countries.
You can earn a Welcome Bonus. Refer a Friend and get another bonus. AvaTrade believes the “more the merrier.”
Bitcoin Fans Are Welcome
You can find Bitcoin, Ethereum, Dash and Ripple at AvaTrade. Other brokers have not remained current with the digital coin revolution. You have a lot of interesting trades available.
You can consider the first Bitcoin fork of August 1, 2017 that created Bitcoin Cash and determine how these different digital tokens will gain or lose value. If you like the decentralized characteristics of eMoney, they you might want to invest in Bitcoin Gold. AvaTrade provides you with a variety of choices.
Its Greek to Me
Is Greek customer support available? Yes, one of the languages supported at AvaTrade is Greek. There are branches in China, Mongolia and France.
Which of the AvaTrade awards from FX Empire is the best? From 2013 to 2016, this broker won many awards. Some of these were for “Best Broker.”
The latest AvaTrade Review found a number of assets available for trading. The platform is very mature. One con might be the withdrawal time period of 5 days. Otherwise, the AvaTrade platform has a lot to offer.
AvaTrade is one of the most popular forex brokers out there. One of the things that make them stand out from other brokers is that they actually invested in their customer support team. They actually offer resources in twelve languages and customer support in several languages as well. They offer customer support twenty four hours of the day, five days a week. However, even if their phone support is closed, they offer email support without stop.
They let you use various payment methods. You can use Paypal, your bank account, a wire transfer, or other methods. Deposits are automated and are available immediately. As for withdrawals, they do not take more than forty eight hours. It can then take a few days to reach your account, depending on whether it is a normal workweek or whether it is a weekend or on a holiday. This is normal in the industry, and most forex brokers have the same process.
So, if you were wondering whether AvaTrade is a good choice, the answer is yes. It is totally legit. It is regulated and licensed, so you can be sure that it is legit and safe.
There are many reasons you should choose AvaTrade over the other brokers out there. You will get access to Metatrader 4 and other trading platforms. There is an automated trading platform that you can use to your advantage. You are not limited to trading forex, but you can trade Bitcoin, Ethereum, and other cryptocurrencies as well. Another reason to choose AvaTrade is because they offer their members all sorts of resources that help them become better traders. Regardless of your skills and experience, you will find something at AvaTrade for you. There are ebooks, video courses, live webinars, and much more. Avatrade is dedicated to making sure that its users are successful and have all the tools and knowledge that they need to be so.
The Oxford Club, a community of successful investors and entrepreneurs in Baltimore, Maryland, gives members opportunities to earn good returns on many types of assets. Consisting of 80,000 members in 100 different countries, they deal with assets that include equities, bonds, real estate, collectibles, currencies, and physical property. The high profile social and business connections virtually make the club impervious to all kinds of corruption.
The Oxford Club promotes their activity by publishing monthly newsletters, offering investment research services, and trading recommendation. Overseas clients have the option to participate in investment excursions, seminars, and symposiums alongside ordinary members.
The Secret the Success
An insight on achieving good returns is stated by Karim Rahemtulla in a recent news article known as “The Ultimate Income Checklist.” The Oxford Club buys stocks at huge discounts, compared to the original price, or receives money for examining the change in prices. They’ve had success in major companies such as Wells Fargo, Southwest Airlines, Phillips 66 and U.S Steel. However, users would have to set-up a stock trading account to participate in exchanging stocks. It requires a regular stock trading account and adjusting client services through a personal broker. Aside from the standard requirements, there’s more flexibility towards choosing the level or type of trade account. Rahemtulla recommends the level 5 account, a premium that gives the clients the ability to invest a small amount of capital towards a trade and sell puts of the broker’s money.
Rahemtulla is an option strategist at the Oxford Club and recommends these strategies to avoid losing money because of greed:
Investing in different countries is a very risky endeavor that is only meant for those who have a high threshold for risk. For example, a country that many businessmen have been turning to is Brazil. With a growing economy that has been very positive in the recent years, this country is a great place to explore when it comes to financial sectors.
An individual who has had a chance to invest in many countries, Igor Cornelsen has narrowed some of the important tricks of the trade for those looking to follow his footsteps. The following advice reflects the opinion of this investor.
Read more on Brazilian Investment Star Igor Cornelsen Has Three Tips To Help You Retire in Florida Just Like Him:http://reporterexpert.com/brazilian-investment-star-igor-cornelsen-three-tips-help-retire-florida-just-like/
Establish a Connection with the Locals
The booming economy of Brazil has given birth to many entrepreneurs that are native to this area. According to Igor Cornelsen, one-fourth of all the population of Brazil aged 18 to 64 are businessmen. This is more than enough to create a solid group of people who have the same goals as a newcomer looking to profit. Furthermore, people from Brazil are well known for being open to new ideas and outsiders.
Know the Currency Restrictions
Brazil does not use the same currency as most of other countries in the world. This means that a foreign investor will have to exchange their funds into the local currency. The problem, however, arises when an individual tries to convert their funds to a very strict market that uses different exchange rates. Failing to do an appropriate amount of research could easily facilitate additional costs to the investor which is not the most optimal scenario.
Since Brazil’s economy is in an upright motion, the lawmakers are expectedly trying their best to keep the profits available to the locals. This means that there area heavy regulations that aim to keep people who were not from the area out of it. A potential investor should be aware of the forever-changing nature of these regulations as they will play an important role.
One of the most important things that one should do before heading over to Brazil is to get to know at least a few Brazilians. As mentioned before, besides the large business-oriented population, knowing people who are originally from the area reduces the chance of getting lost in translation. This means that people will be more likely to avoid cultural differences and grow their investment faster.
Thorough research is also important as Brazil might have one fo the most restrictive workforces in the world. Cornelsen advises people to be well acquainted the Central Bank of Brazil as this is the institution that can affect the exchange rates at any point. Ultimately, one should know that there is no free money in Brazil.
National Steel Car is a company that has been in operations for a very long time. Started in 1912 and have maintained its operations in the engineering and manufacturing sector since then. The company have been doing very well and have been in the business as a leading company.National Steel Car has made the industry great through the growth that it has brought in the engineering and manufacturing sector. This is among the oldest companies in the country. National Steel Car has been in operation for over a hundred years and no time did it shut down its operations. It has remained resilient to the challenges that are being witnessed in the industry.
National Steel Car has been under various management teams since it was started. It was founded under the management of Basir Magor and Sir Morison. Then it was a corporation owned by the government. In 1919, it changed its management and was privatized. Under the private management, the company continued to do very well. In 1962, it was bought by a management known as Dofasco. The managed it until 1994 when it was bought by James Aziz. This is the man who has been at the helm as the company makes great strides in the industry. He has been with the company for the last two decades and the improvements have been great.
Gregory Aziz bought the company at a time when he knew the company was not doing very well. However, an investor, he knew that there were opportunities available in the sector that would make the economy great again. He explored all the means available and bought the company from Dofasco. He then came up with a plan that was to be implemented in the management of the company. In a few years if his management, the progress was remarkable, the company have been doing great than ever before, he has managed to make the company improve its production capacity to over 12000 cars in a year. This was a significant increase given that he had found the company doing 3500 in a year. He also worked on the expansion of the company. The number of workers who have been employed in the company improved from 600 to over 2000. National Steel Car has also been ISO certified and has won the TTX SECO wards multiple times.
About Gregory Aziz
Gregory Aziz has been the leading business executive in the country. He was born in 1949. Gregory James Aziz holds a degree in Economics from the University of Western Ontario.