Donald Kornstein - Caesars Acquisition Independent Director
Director
Mr. Donald R. Kornstein is an Independent Director of Caesars Acquisition Company. Mr. Kornstein founded and has served as the managing member of the strategic, management and financial consulting firm Alpine Advisors LLC, a private company focused on strategic, management and financial consulting. He previously served as a nonexecutive director on the board of Gala Coral Group, Ltd., a diversified gaming company based in the United Kingdom, from June 2010 until its merger with Ladbrokes PLC in November 2016. He has served on the board of directors of Affinity Gaming, Inc., a casino gaming company, from March 2010 until January 2014, Bally Total Fitness Corporation, which filed for reorganization under Chapter 11 of the United States Bankruptcy Code on July 31, 2007, Circuit City Stores, Inc., which filed for reorganization under Chapter 11 of the United States Bankruptcy Code on November 10, 2008, Cash Systems, Inc., Shuffle Master, Inc. and Varsity Brands, Inc. Mr. Kornstein served as Chief Executive Officer, President and Director of Jackpot Enterprises, Inc., and was an investment banker and Senior Managing Director of Bear, Stearns Co. Inc since 2014.
| Age | 64 |
| Tenure | 10 years |
| Professional Marks | MBA |
| Phone | 702 407-6000 |
| Web | http://www.caesarsacquisitioncompany.com |
Caesars Acquisition Management Efficiency
Caesars Acquisition's management efficiency ratios could be used to measure how well Caesars Acquisition manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | 0.0043 | |||
| Return On Asset | 0.0041 |
Caesars Acquisition Leadership Team
Elected by the shareholders, the Caesars Acquisition's board of directors comprises two types of representatives: Caesars Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Caesars. The board's role is to monitor Caesars Acquisition's management team and ensure that shareholders' interests are well served. Caesars Acquisition'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, Caesars Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Donald Kornstein, Independent Director | ||
| David Sambur, Director | ||
| Philip Erlanger, Independent Director | ||
| Craig Abrahams, CFO | ||
| Karl Peterson, Director | ||
| Dhiren Fonseca, Independent Director | ||
| Marc Rowan, Director | ||
| Marc Beilinson, Independent Director | ||
| Mitchell Garber, CEO and Pres | ||
| Michael Cohen, Senior Vice President-Corporate Development, General Counsel, Secretary |
Caesars 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 Caesars Acquisition 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 | 0.0043 | |||
| Return On Asset | 0.0041 | |||
| Profit Margin | 0.22 % | |||
| Operating Margin | 15.34 % | |||
| Current Valuation | 2.81 B | |||
| Shares Outstanding | 138.98 M | |||
| Shares Owned By Insiders | 65.04 % | |||
| Shares Owned By Institutions | 56.55 % | |||
| Number Of Shares Shorted | 1.85 M | |||
| Price To Earning | 4.91 X |
Pair Trading with Caesars Acquisition
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 Caesars Acquisition 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 Caesars Acquisition will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to APA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace APA 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 APA - 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 APA Corporation to buy it.
The correlation of APA 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 APA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if APA Corporation 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 APA 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 main economic indicators. Note that the Caesars Acquisition information on this page should be used as a complementary analysis to other Caesars Acquisition'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Consideration for investing in Caesars Stock
If you are still planning to invest in Caesars Acquisition 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 Caesars Acquisition's history and understand the potential risks before investing.
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