David Watson - Medical Facilities Chief Financial Officer

DR Stock  CAD 15.47  0.23  1.46%   

CFO

David Watson is Chief Financial Officer of Medical Facilities since 2019.
Age 58
Tenure 5 years
Phone877 402 7162
Webhttps://www.medicalfacilitiescorp.ca

David Watson Latest Insider Activity

Tracking and analyzing the buying and selling activities of David Watson against Medical Facilities stock is an integral part of due diligence when investing in Medical Facilities. David Watson insider activity provides valuable insight into whether Medical Facilities is net buyers or sellers over its current business cycle. Note, Medical Facilities insiders must abide by specific rules, including filing SEC forms every time they buy or sell Medical Facilities'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Medical Facilities Management Efficiency

The company has return on total asset (ROA) of 0.136 % which means that it generated a profit of $0.136 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.4807 %, meaning that it generated $0.4807 on every $100 dollars invested by stockholders. Medical Facilities' management efficiency ratios could be used to measure how well Medical Facilities manages its routine affairs as well as how well it operates its assets and liabilities.
Medical Facilities has accumulated 116.81 M in total debt with debt to equity ratio (D/E) of 1.22, which is about average as compared to similar companies. Medical Facilities has a current ratio of 1.7, which is within standard range for the sector. Debt can assist Medical Facilities until it has trouble settling it off, either with new capital or with free cash flow. So, Medical Facilities' 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 Medical Facilities sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Medical to invest in growth at high rates of return. When we think about Medical Facilities' use of debt, we should always consider it together with cash and equity.

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Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The company was founded in 2004 and is headquartered in Toronto, Canada. MEDICAL FACILITIES operates under Medical Care Facilities classification in Canada and is traded on Toronto Stock Exchange. Medical Facilities (DR) is traded on Toronto Exchange in Canada and employs 17 people. Medical Facilities is listed under Health Care Providers & Services category by Fama And French industry classification.

Management Performance

Medical Facilities Leadership Team

Elected by the shareholders, the Medical Facilities' board of directors comprises two types of representatives: Medical Facilities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Medical. The board's role is to monitor Medical Facilities' management team and ensure that shareholders' interests are well served. Medical Facilities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Medical Facilities' outside directors are responsible for providing unbiased perspectives on the board's policies.
David Bellaire, Non-Executive Independent Director
James Porter, Vice President - Operations
R Curd, Chief Executive Officer, Sioux Falls Specialty Hospital
Blake Curd, Chief LLP
Kevin Blaylock, Chief LLC
Brian Fowler, LL Hospital
Erin Enright, Non-Executive Independent Director
Stephen Dineley, Non-Executive Independent Director
Robert Horrar, President, Chief Executive Officer, Executive Director
William May, Compliance Director
Tyler Murphy, Chief Financial Officer, Executive Vice President - Finance
David Watson, Chief Financial Officer
John Schario, Chief Officer
Jeffrey Lozon, Chairman of the Board
Dale Lawr, Non-Executive Independent Director
James Rolfe, Chief Development Officer
Reza Shahim, Non-Executive, Non-Independent Director

Medical 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 Medical Facilities 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 Medical Facilities

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

Moving together with Medical Stock

  0.68NVDA NVIDIA CDRPairCorr
The ability to find closely correlated positions to Medical Facilities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medical Facilities 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 Medical Facilities - 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 Medical Facilities to buy it.
The correlation of Medical Facilities 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 Medical Facilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medical Facilities 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 Medical Facilities 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 Medical Stock

Medical Facilities financial ratios help investors to determine whether Medical 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 Medical with respect to the benefits of owning Medical Facilities security.