Ernest Remo - Patten Energy Chairman of the Board
Chairman
Mr. Ernest Remo is Chairman of the Board of Amerilithium Corporationration Mr. Ernest Remos career on Wall Street has spanned thirty years involving all areas of the institutional bond and equity business. Mr. Remo was a financial advisor to both public and private companies, advising on financial structuring and corporate governance, as well as assisting in raising funds in both the public and private markets. From 2004 through the present, Mr. Remo has served as Chairman and Chief Executive Officer of American Diversified Holdings Corporationrationration, a holding company that provides executive management, corporate governance and financial advice as well as introductions to capital sources to microcap public companies. From 2000 to 2003 Mr. Remo served as Chairman of Icon Laser Eye Centers, a TSE listed company in the refractive eye surgery field. During 2001 Mr. Remo served as a Director and Chairman of the Audit Committee of VisionAmerica, a Nasdaq listed company in the ophthalmic practice management field. From 2000 to 2004 Mr. Remo served as Chairman of Chief Executive Officer of Eyemakers, Inc., a Dallas, Texas based optometric practice management and Lasik clinic operator. From 2002 to 2004 Mr. Remo served as Chairman of Igea Salus, a Rome, Italy based operator of dialysis clinics since 2016.
| Age | 84 |
| Tenure | 8 years |
| Address | 14753 Greenwood Road, Dolton, IL, United States, 60419 |
| Phone | 312 884 7626 |
Patten Energy Management Efficiency
The company has return on total asset (ROA) of (1.3138) % which means that it has lost $1.3138 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (5.7659) %, meaning that it created substantial loss on money invested by shareholders. Patten Energy's management efficiency ratios could be used to measure how well Patten Energy manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Patten Energy's Return On Capital Employed is very stable compared to the past year. As of the 28th of November 2024, Return On Equity is likely to grow to 16.69, while Return On Tangible Assets are likely to drop (65.40). At this time, Patten Energy's Total Current Assets are very stable compared to the past year. As of the 28th of November 2024, Other Current Assets is likely to grow to about 23.3 K, while Total Assets are likely to drop about 578 K.Management Performance
| Return On Equity | -5.77 | ||||
| Return On Asset | -1.31 |
Patten Energy Solutions Leadership Team
Elected by the shareholders, the Patten Energy's board of directors comprises two types of representatives: Patten Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Patten. The board's role is to monitor Patten Energy's management team and ensure that shareholders' interests are well served. Patten Energy'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, Patten Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrew Grant, Chief Advisor | ||
| Ernest Remo, Chairman of the Board |
Patten 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 Patten Energy 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.
| Return On Equity | -5.77 | ||||
| Return On Asset | -1.31 | ||||
| Current Valuation | 272.8 K | ||||
| Shares Outstanding | 2.73 B | ||||
| Price To Earning | (0.08) X | ||||
| Price To Book | 1.61 X | ||||
| Revenue | 5.66 M | ||||
| EBITDA | (531.11 K) | ||||
| Net Income | (2.32 M) | ||||
| Cash And Equivalents | 76 |
Pair Trading with Patten Energy
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 Patten Energy 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 Patten Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Patten Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patten Energy 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 Patten Energy - 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 Patten Energy Solutions to buy it.
The correlation of Patten Energy 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 Patten Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patten Energy Solutions 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 Patten Energy 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patten Energy Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Oil & Gas Refining & Marketing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patten Energy. If investors know Patten will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patten Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (1.31) | Return On Equity (5.77) |
The market value of Patten Energy Solutions is measured differently than its book value, which is the value of Patten that is recorded on the company's balance sheet. Investors also form their own opinion of Patten Energy's value that differs from its market value or its book value, called intrinsic value, which is Patten Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patten Energy's market value can be influenced by many factors that don't directly affect Patten Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patten Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patten Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patten Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.