David Schachter - Gabelli Equity Vice President

GAB Fund  USD 5.79  0.02  0.35%   
David Schachter is Fund Manager at Gabelli Equity Trust
Mr. David I. Schachter is Vice President of The Gabelli Equity Trust Inc. He is Vice President andor Ombudsman of closedend funds within the GabelliGAMCO Fund Complex Senior Vice President and Vice President of G.research, LLC.
Age 66
Tenure 11 years
Phone914-921-5000
Webhttps://www.gabelli.com/Template/fundinfo.cfm?tid=MWY5ZDg=&bid=YjUxNQ==&mid=MjJmMTI=&num=NmVjMTI=&kid=Mzc2MDA=&pid=obj&rid=111-=edoc_dnuf

Gabelli Equity Management Performance (%)

The company has Return on Asset of 0.21 % which means that on every $100 spent on assets, it made $0.21 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (14.42) %, meaning that it generated no profit with money invested by stockholders. Gabelli Equity's management efficiency ratios could be used to measure how well Gabelli Equity manages its routine affairs as well as how well it operates its assets and liabilities.
Gabelli Equity Trust has 68.56 M in debt with debt to equity (D/E) ratio of 0.04, which may show that the company is not taking advantage of profits from borrowing. Gabelli Equity Trust has a current ratio of 1.93, which is typical for the industry and considered as normal. Debt can assist Gabelli Equity until it has trouble settling it off, either with new capital or with free cash flow. So, Gabelli 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 Gabelli Equity Trust sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gabelli to invest in growth at high rates of return. When we think about Gabelli Equity's use of debt, we should always consider it together with cash and equity.

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The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States. Gabelli Equity operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not classified under any group at the present time.

Management Performance

Gabelli Equity Trust Leadership Team

Elected by the shareholders, the Gabelli Equity's board of directors comprises two types of representatives: Gabelli Equity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gabelli. The board's role is to monitor Gabelli Equity's management team and ensure that shareholders' interests are well served. Gabelli 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, Gabelli Equity's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bruce Alpert, President Acting Chief Compliance Officer
Salvatore Zizza, Independent Director
Kuni Nakamura, Independent Director
Mario Gabelli, Chairman of the Board, Chief Investment Officer
Elizabeth Bogan, Independent Director
David Schachter, Vice President
Molly Marion, Vice President and Ombudsman
Leslie Foley, Independent Director
Agnes Mullady, President of the Open-End Fund Division and COO of the Open-End Fund Division
Peter Goldstein, Vice President Secretary
Richard Walz, Chief Compliance Officer
Daniel Plourde, Vice President
Frank Fahrenkopf, Independent Director
William Heitmann, Independent Director
Carter Austin, Vice President
James Conn, Lead Independent Director
Andrea Mango, Vice President Secretary
Michael Ferrantino, Independent Director
John Ball, Treasurer and Principal Financial and Accounting Officer

Gabelli Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Gabelli 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.

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Other Information on Investing in Gabelli Fund

Gabelli Equity financial ratios help investors to determine whether Gabelli Fund 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 Gabelli with respect to the benefits of owning Gabelli Equity security.
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