Bruce Gowan - Magellan Aerospace Independent Director
| MAL Stock | CAD 10.76 0.17 1.61% |
Director
Mr. Bruce W. Gowan is Independent Director of Magellan Aerospace Corporationration Mr. Gowan, a Chartered Professional Accountant, was Chief Financial Officer of Magellan from 1983 until his retirement in 1999. Prior to this, he held senior financial officer positions at various public companies. He was a director of the Corporation since 1990 and a member of the Audit Committee of the Corporation since 2000. Currently, Mr. Gowan serves as a director of IWG Technologies, Inc. Mr. Gowan completed his academic requirements for his Chartered Professional Accountancy designation, Ontario, through Queens University. since 1990.
| Tenure | 34 years |
| Address | 3160 Derry Road East, Mississauga, ON, Canada, L4T 1A9 |
| Phone | 905 677 1889 |
| Web | https://www.magellan.aero |
Magellan Aerospace Management Efficiency
The company has return on total asset (ROA) of 0.0251 % which means that it generated a profit of $0.0251 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0257 %, meaning that it generated $0.0257 on every $100 dollars invested by stockholders. Magellan Aerospace's management efficiency ratios could be used to measure how well Magellan Aerospace manages its routine affairs as well as how well it operates its assets and liabilities. As of the 2nd of December 2024, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.04. At this time, Magellan Aerospace's Other Current Assets are very stable compared to the past year. As of the 2nd of December 2024, Intangible Assets is likely to grow to about 44.4 M, while Total Assets are likely to drop about 750.1 M.Similar Executives
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Management Performance
| Return On Equity | 0.0257 | ||||
| Return On Asset | 0.0251 |
Magellan Aerospace Leadership Team
Elected by the shareholders, the Magellan Aerospace's board of directors comprises two types of representatives: Magellan Aerospace inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magellan. The board's role is to monitor Magellan Aerospace's management team and ensure that shareholders' interests are well served. Magellan Aerospace'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, Magellan Aerospace's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Gribe, Vice Resources | ||
| Beth Bandler, Independent Director | ||
| Steven Somerville, Independent Director | ||
| Norman OC, Executive Chairman | ||
| Elena Milantoni, Chief Financial Officer, Corporate Secretary | ||
| Mark Allcock, Vice President - Information Technology and Transformation | ||
| Karen YoshikiGravelsins, Vice President - Corporate Stewardship, Operational Excellence | ||
| William Davis, Independent Director | ||
| Norman Edwards, Chairman of the Board | ||
| Bruce Gowan, Independent Director | ||
| Craig Vaughan, Corporate Secretary | ||
| Ian Roberts, Vice Transformation | ||
| Jim Powell, Vice President - Mergers and Acquisitions | ||
| Phillip Underwood, President, Chief Executive Officer, Director | ||
| JoAnn Ball, Vice President - Human Resources | ||
| Haydn Martin, Vice President - Business Development, Marketing and Contracts | ||
| Larry Moeller, Director |
Magellan 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 Magellan Aerospace 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 | 0.0257 | ||||
| Return On Asset | 0.0251 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 674.52 M | ||||
| Shares Outstanding | 57.14 M | ||||
| Shares Owned By Insiders | 79.30 % | ||||
| Shares Owned By Institutions | 2.90 % | ||||
| Number Of Shares Shorted | 193.83 K | ||||
| Price To Earning | 8.48 X |
Pair Trading with Magellan Aerospace
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 Magellan Aerospace 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 Magellan Aerospace will appreciate offsetting losses from the drop in the long position's value.Moving together with Magellan Stock
| 0.83 | BMO-PE | Bank of Montreal Earnings Call This Week | PairCorr |
| 0.91 | BMO | Bank of Montreal Earnings Call This Week | PairCorr |
| 0.8 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Magellan Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magellan Aerospace 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 Magellan Aerospace - 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 Magellan Aerospace to buy it.
The correlation of Magellan Aerospace 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 Magellan Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magellan Aerospace 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 Magellan Aerospace 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.Other Information on Investing in Magellan Stock
Magellan Aerospace financial ratios help investors to determine whether Magellan 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 Magellan with respect to the benefits of owning Magellan Aerospace security.