Michael Castellano - BlackRock Municipal Independent Trustee
Executive
Mr. Michael J. Castellano is an Independent Trustee of Blackrock Municipal Income Investment Trust. He served as Chief Financial Officer of Lazard Group LLC from 2001 to 2011 Chief Financial Officer of Lazard Ltd from 2004 to 2011 Director, Support Our Aging Religious from 2009 to June 2015 Director, National Advisory Board of Church Management at Villanova University since 2010 Trustee, Domestic Church Media Foundation since 2012 Director, CircleBlack Inc. since 2015. since 2011.
| Age | 73 |
| Tenure | 13 years |
| Phone | 302-797-2000 |
| Web | http://www.blackrock.com/investing/products/240214/blackrock-municipal-income-investment-trust-usd-fund |
BlackRock Municipal Management Efficiency
The company has Return on Asset of 1.94 % which means that on every $100 spent on assets, it made $1.94 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 4.69 %, implying that it generated $4.69 on every 100 dollars invested. BlackRock Municipal's management efficiency ratios could be used to measure how well BlackRock Municipal manages its routine affairs as well as how well it operates its assets and liabilities.The company has 87.14 M in debt with debt to equity (D/E) ratio of 0.58, which is OK given its current industry classification. BlackRock Municipal has a current ratio of 0.06, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist BlackRock Municipal until it has trouble settling it off, either with new capital or with free cash flow. So, BlackRock Municipal'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 BlackRock Municipal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for BlackRock to invest in growth at high rates of return. When we think about BlackRock Municipal's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 4.69 | |||
| Return On Asset | 1.94 |
BlackRock Municipal Leadership Team
Elected by the shareholders, the BlackRock Municipal's board of directors comprises two types of representatives: BlackRock Municipal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BlackRock. The board's role is to monitor BlackRock Municipal's management team and ensure that shareholders' interests are well served. BlackRock Municipal'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, BlackRock Municipal's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Henry Gabbay, Independent Trustee | ||
| Kathleen Feldstein, Independent Trustee | ||
| Richard Cavanagh, Independent Co-Chairman of the Board of Trustee | ||
| Janey Ahn, Secretary | ||
| Michael Castellano, Independent Trustee | ||
| Anne Ackerley, Vice President | ||
| Cynthia Egan, Independent Trustee | ||
| Jonathan Diorio, Vice President | ||
| Barbara Novick, Trustee | ||
| Paul Audet, Trustee | ||
| Catherine Lynch, Independent Trustee | ||
| Brendan Kyne, Vice President | ||
| Carl Kester, Independent Trustee | ||
| Robert Crothers, Vice President | ||
| Robert Hubbard, Independent Trustee | ||
| Karen Robards, Independent Vice Chairman of the Board of Trustees | ||
| Charles Park, Chief Compliance Officer and Anti-Money Laundering Officer | ||
| Jerrold Harris, Independent Trustee | ||
| James Flynn, Independent Trustee | ||
| Frank Fabozzi, Independent Trustee | ||
| John Perlowski, President, Chief Executive Officer, Trustee | ||
| Jay Fife, Treasurer | ||
| Robert Fairbairn, Trustee | ||
| Brian Kindelan, Chief Compliance Officer, Anti-Money Laundering Officer | ||
| Neal Andrews, Chief Financial Officer | ||
| W Kester, Independent Trustee |
BlackRock 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 BlackRock Municipal 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 | 4.69 | |||
| Return On Asset | 1.94 | |||
| Profit Margin | 75.46 % | |||
| Operating Margin | 81.32 % | |||
| Current Valuation | 234.66 M | |||
| Shares Outstanding | 10.23 M | |||
| Shares Owned By Institutions | 9.95 % | |||
| Number Of Shares Shorted | 1.94 K | |||
| Price To Earning | 21.05 X | |||
| Price To Book | 0.98 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BlackRock Municipal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BlackRock Municipal's short interest history, or implied volatility extrapolated from BlackRock Municipal options trading.
Pair Trading with BlackRock Municipal
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 BlackRock Municipal 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 BlackRock Municipal will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the BlackRock Municipal information on this page should be used as a complementary analysis to other BlackRock Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in BlackRock Stock
If you are still planning to invest in BlackRock Municipal 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 BlackRock Municipal's history and understand the potential risks before investing.
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