Howard Lorber - Vector CEO
CEO
Mr. Howard M. Lorber is President, Chief Executive Officer, Director of the Company. He served as President and Chief Operating Officer of the Company from January 2001 to December 2005 and has served as a director of the Company since January 2001. He has also served as Chairman of the Board of Directors since 1987 and Chief Executive Officer from November 1993 to December 2006 of Nathans Famous, Inc., a chain of fast food restaurants Chairman of the Board of Ladenburg Thalmann Financial Services from May 2001 to July 2006 and Vice Chairman since July 2006 and as a director of Clipper Realty Inc. since July 2015. Mr. Lorber was a member of the Board of Directors of Morgans Hotel Group Co. from March 2015 until November 2016 and served as Chairman from May 2015 to November 2016. From November 1994 to December 2005, Mr. Lorber served as President and Chief Operating Officer of New Valley, where he also served as a director. Mr. Lorber was Chairman of the Board of Hallman Lorber Assoc., Inc., consultants and actuaries of qualified pension and profit sharing plans, and various of its affiliates from 1975 to December 2004 and was a consultant to these entities since January 2005. He is also a trustee of Long Island University. Mr. Lorber pertinent experience, qualifications, attributes and skills include the knowledge and experience in the real estate and cigarette industry he has attained through his service as our President and a member of our Board of Directors since 2001 as well as his service as a director of other publiclytraded corporations. since 2006.
| Age | 75 |
| Tenure | 19 years |
| Phone | 305 579 8000 |
| Web | https://vectorgroupltd.com |
Howard Lorber Latest Insider Activity
Tracking and analyzing the buying and selling activities of Howard Lorber against Vector stock is an integral part of due diligence when investing in Vector. Howard Lorber insider activity provides valuable insight into whether Vector is net buyers or sellers over its current business cycle. Note, Vector insiders must abide by specific rules, including filing SEC forms every time they buy or sell Vector'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Howard Lorber over three months ago Disposition of 268078 shares by Howard Lorber of Douglas Elliman at 2.53 subject to Rule 16b-3 | ||
Howard Lorber over three months ago Disposition of 2860 shares by Howard Lorber of Nathans Famous subject to Rule 16b-3 | ||
Howard Lorber over a year ago Acquisition by Howard Lorber of 9815 shares of Vector subject to Rule 16b-3 |
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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Management Performance
| Return On Asset | 0.21 |
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.
| Return On Asset | 0.21 | |||
| Profit Margin | 0.21 % | |||
| Operating Margin | 0.40 % | |||
| Current Valuation | 3.21 B | |||
| Shares Outstanding | 157.38 M | |||
| Shares Owned By Insiders | 13.01 % | |||
| Shares Owned By Institutions | 68.34 % | |||
| Number Of Shares Shorted | 4.3 M | |||
| Price To Earning | 18.15 X | |||
| Price To Sales | 2.48 X |
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.The ability to find closely correlated positions to T.J. Maxx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T.J. Maxx 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 T.J. Maxx - 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 The TJX Companies to buy it.
The correlation of T.J. Maxx 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 T.J. Maxx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TJX Companies 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 T.J. Maxx 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 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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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