Jackson Hewitt Tax Service, which got refund loan backing for only half its operations during the 2010 tax season, expects to have an agreement for full funding by September 15. The company made that announcement during its first-quarter conference call this morning. Having 100-percent funding is required by its new lending agreement, which mandates the chain notify lenders by that date. Jackson Hewitt also expects obtaining full funding will be crucial to franchisees deciding to accept a new franchisee agreement, which was completed this week.

Jackson Hewitt Tax Service has been notified by the New York Stock Exchange that the company's common shares have fallen below the exchange's requirement that listed stocks have a minimum average share price of $1 per during a consecutive 30-day trading period. The company has until six months from receipt of the notice to meet the requirement or face possible delisting of its stock. It was the second such notice this year.

A local contractor quipped that portions of Northern New Jersey had experienced three 100-year floods in the last five years. In a way, investors of a certain age know the feeling. "A client who is 50 years old has been exposed to three major downturns -1987, 2000, 2008 and a minor blip in 2003," says John DeVincent, EVP of marketing for eMoney Advisor. For those older, the previous bad experience, he continues, was "the crash of 1929."