Henry Beinstein - Vector Independent Director

VGRDelisted Stock  USD 14.99  0.00  0.00%   

Director

Mr. Henry C. Beinstein is Independent Director of the Company. Mr. Beinstein was a partner of Gagnon Securities LLC, a brokerdealer and FINRA member firm, and was a money manager and registered representative at such firm since August 2002. He retired in August 2002 as the Executive Director of Schulte Roth Zabel LLP, a New Yorkbased law firm, a position he had held since August 1997. Before that, Mr. Beinstein had served as the Managing Director of Milbank, Tweed, Hadley McCloy LLP, a New Yorkbased law firm, commencing November 1995. Mr. Beinstein was the Executive Director of Proskauer Rose LLP, a New Yorkbased law firm, from April 1985 through October 1995. Mr. Beinstein is a certified public accountant in New York and prior to joining Proskauer was a partner and National Director of Finance and Administration at Coopers Lybrand. He also holds the designation of Chartered Global Management Accountant from the American Institute of Certified Public Accountants. Mr. Beinstein also serves as a director of Ladenburg Thalmann Financial Services Inc. and Castle Brands Inc. . Mr. Beinstein was licensed as a Certified Public Accountant in the state of New York since 1968 since 2004.
Age 77
Tenure 20 years
Phone305 579 8000
Webhttps://vectorgroupltd.com
Beinstein’s pertinent experience, qualifications, attributes and skills include financial literacy and expertise, managerial experience through his years at Coopers & Lybrand, Proskauer Rose LLP, Milbank, Tweed, Hadley & McCloy LLP and Schulte Roth & Zabel LLP, and the knowledge and experience he has attained through his service as a director of the Company and other publiclytraded corporations.

Vector Management Efficiency

The company has Return on Asset of 0.2098 % which means that on every $100 spent on assets, it made $0.2098 of profit. This is way below average. Vector's management efficiency ratios could be used to measure how well Vector manages its routine affairs as well as how well it operates its assets and liabilities.
Vector Group has 1.38 B in debt. Vector Group has a current ratio of 2.0, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Vector to invest in growth at high rates of return.

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Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. Vector Group Ltd. was founded in 1873 and is headquartered in Miami, Florida. Vector operates under Tobacco classification in the United States and is traded on New York Stock Exchange. It employs 500 people. Vector Group (VGR) is traded on New York Stock Exchange in USA and employs 551 people.

Management Performance

Vector Group Leadership Team

Elected by the shareholders, the Vector's board of directors comprises two types of representatives: Vector inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vector. The board's role is to monitor Vector's management team and ensure that shareholders' interests are well served. Vector'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, Vector's outside directors are responsible for providing unbiased perspectives on the board's policies.
Richard Lampen, Chief Operating Officer, Executive Vice President, Director
David Ballard, Senior Vice President - Enterprise Efficiency, Chief Technology Officer
Jean Sharpe, Independent Director
Howard Lorber, CEO and President Director and Member of Executive Committee
Paul Carlucci, Independent Director
Wilson White, Independent Director
James Ballard, Senior CTO
Stanley Arkin, Independent Director
J Ballard, Senior Vice President - Enterprise Efficiency, Chief Technology Officer
Nicholas Anson, President and Chief Operating Officer of Liggett
James III, CFO VP
J Kirkland, Chief Financial Officer, Senior Vice President, Treasurer
CPA III, VP Controller
Bennett LeBow, Independent Chairman of the Board
Henry Beinstein, Independent Director
Ronald Bernstein, Director, CEO of Liggett Group LLC, CEO of Liggett Vector Brands and President of Liggett Group LLC and President of Liggett Vector Brands and Director of VGR Holding
Barry Watkins, Independent Director
Marc Bell, VP, General Counsel, Secretary, Sr. VP of Vector Tobacco, VP of VGR Holding, General Counsel of VGR Holding, General Counsel of Vector Tobacco and Secretary of VGR Holding

Vector 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 Vector 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 Vector

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 Vector 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 Vector will appreciate offsetting losses from the drop in the long position's value.

Moving together with Vector Stock

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  0.96PTAIF PT Astra InternationalPairCorr

Moving against Vector Stock

  0.8MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.74BKRKF PT Bank RakyatPairCorr
  0.67BKRKY Bank RakyatPairCorr
  0.65PPERF Bank Mandiri PerseroPairCorr
  0.62DIT AMCON DistributingPairCorr
The ability to find closely correlated positions to Vector could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vector 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 Vector - 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 Vector Group to buy it.
The correlation of Vector 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 Vector moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vector Group 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 Vector 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
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Other Consideration for investing in Vector Stock

If you are still planning to invest in Vector Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Vector's history and understand the potential risks before investing.
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