John Irwin - Mainstreet Equity Independent Director

MEQ Stock  CAD 201.00  0.85  0.42%   

Director

Mr. John Irwin is an Independent Director of Mainstreet Equity Corporationrationration. Mr. Irwin is Chief Financial Officer, Chief Information Officer and Director of Facilities for the Richard Ivey School of Business. He is also a member of the Schools Executive Committee as well as a Director of Ivey Management Services, Richard Ivey School of Business Asia Limited, and Richard Ivey School of Business Foundation since 2007.
Tenure 17 years
Address 305 10 Avenue SE, Calgary, AB, Canada, T2G 0W2
Phone403 215 6060
Webhttps://www.mainst.biz
Irwin is a graduate of the University of Western Ontario, with a BA in Economics and is a Member of the Certified General Accountants of Ontario.

Mainstreet Equity Management Efficiency

The company has return on total asset (ROA) of 0.0256 % which means that it generated a profit of $0.0256 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0938 %, meaning that it generated $0.0938 on every $100 dollars invested by stockholders. Mainstreet Equity's management efficiency ratios could be used to measure how well Mainstreet Equity manages its routine affairs as well as how well it operates its assets and liabilities. As of the 21st of November 2024, Return On Tangible Assets is likely to drop to 0.0007. In addition to that, Return On Capital Employed is likely to drop to 0.05. At this time, Mainstreet Equity's Intangibles To Total Assets are very stable compared to the past year. As of the 21st of November 2024, Debt To Assets is likely to grow to 0.81, while Net Tangible Assets are likely to drop about 875.4 M.
Mainstreet Equity Corp has accumulated 1.57 B in total debt with debt to equity ratio (D/E) of 1.39, which is about average as compared to similar companies. Mainstreet Equity Corp has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Mainstreet Equity until it has trouble settling it off, either with new capital or with free cash flow. So, Mainstreet Equity's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mainstreet Equity Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mainstreet to invest in growth at high rates of return. When we think about Mainstreet Equity's use of debt, we should always consider it together with cash and equity.

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Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, financing, value-enhancement, and management of multi-family residential properties primarily in Western Canada. The company was founded in 1997 and is headquartered in Calgary, Canada. MAINSTREET operates under Real Estate Services classification in Canada and is traded on Toronto Stock Exchange. Mainstreet Equity Corp (MEQ) is traded on Toronto Exchange in Canada and employs 526 people. Mainstreet Equity is listed under Real Estate Management & Development category by Fama And French industry classification.

Management Performance

Mainstreet Equity Corp Leadership Team

Elected by the shareholders, the Mainstreet Equity's board of directors comprises two types of representatives: Mainstreet Equity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mainstreet. The board's role is to monitor Mainstreet Equity's management team and ensure that shareholders' interests are well served. Mainstreet Equity's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mainstreet Equity's outside directors are responsible for providing unbiased perspectives on the board's policies.
Trina Cui, Chief Financial Officer
Johnny Lam, Chief Operating Officer
Trina CPA, Chief Officer
Richard Grimaldi, Independent Director
Navjeet Dhillon, Founder, CEO and President Director and Member of Executive Committee
Sheena Keslick, Vice President - Operations
Ron Anderson, Independent Director
John Irwin, Independent Director
Karanveer Dhillon, Independent Director
Luckresha Baker, Human Manager
Joseph Amantea, Secretary, Treasurer, Director, Chairman of Human Resource Committee and Member of Executive Committee
Jesse Greenwell, Culture Communications

Mainstreet Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Mainstreet Equity a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Mainstreet Equity

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mainstreet Equity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mainstreet Equity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mainstreet Stock

  0.72CEF Sprott Physical GoldPairCorr
  0.73PVF-UN Partners Value InvesPairCorr

Moving against Mainstreet Stock

  0.54MFC-PC Manulife Finl SrsPairCorr
  0.5SLF-PG Sun Life NonPairCorr
  0.48SLF-PC Sun Life FinancialPairCorr
  0.47SLF-PD Sun Life FinancialPairCorr
The ability to find closely correlated positions to Mainstreet Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mainstreet Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mainstreet Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mainstreet Equity Corp to buy it.
The correlation of Mainstreet Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mainstreet Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mainstreet Equity Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mainstreet Equity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Mainstreet Stock

Mainstreet Equity financial ratios help investors to determine whether Mainstreet Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mainstreet with respect to the benefits of owning Mainstreet Equity security.