Blaine Bailey - Cardero Resource CFO

CFO

Mr. Blaine Bailey is Chief Financial Officer of Cardero Resource Corporationration Mr. Bailey is a Certified General Accountant who has worked with numerous private and public companies over the past 20 years. Mr. Bailey has served as Chief Financial Officer of Cardero Coal since July 2008, and as principal of Promaid Services Ltd. from September 2002 to January 2011 since 2011.
Tenure 13 years
Phone604 408 7488
Webhttps://www.cardero.com
Bailey brings complementary skills to Cardero in the areas of finance, administration and financial reporting.

Cardero Resource Management Efficiency

The company has return on total asset (ROA) of (4.24) % which means that it has lost $4.24 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (23.62) %, meaning that it generated substantial loss on money invested by shareholders. Cardero Resource's management efficiency ratios could be used to measure how well Cardero Resource manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 1.9 M in total debt with debt to equity ratio (D/E) of 0.66, which is about average as compared to similar companies. Cardero Resource Corp has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Cardero Resource until it has trouble settling it off, either with new capital or with free cash flow. So, Cardero Resource'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 Cardero Resource Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cardero to invest in growth at high rates of return. When we think about Cardero Resource's use of debt, we should always consider it together with cash and equity.

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Cardero Resource Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. Cardero Resource Corp. is headquartered in Vancouver, Canada. Cardero Resource operates under Gold classification in the United States and is traded on NYSEMKT Exchange. Cardero Resource Corp [CDYCF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Cardero Resource Corp Leadership Team

Elected by the shareholders, the Cardero Resource's board of directors comprises two types of representatives: Cardero Resource inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cardero. The board's role is to monitor Cardero Resource's management team and ensure that shareholders' interests are well served. Cardero Resource'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, Cardero Resource's outside directors are responsible for providing unbiased perspectives on the board's policies.
Leonard Harris, Independent Director
Robert Doorn, Director
Hendrik Alphen, CEO and President and Non-Independent Director
Lawrence Talbot, Vice President General Counsel
Blaine Bailey, CFO
Stephan Fitch, Independent Director
Stuart Ross, President CEO
Keith Henderson, Executive Vice President

Cardero Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Cardero Resource 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 Cardero Resource

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 Cardero Resource 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 Cardero Resource will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy 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 Best Buy - 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 Best Buy Co to buy it.
The correlation of Best Buy 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 Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy 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 Best Buy 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
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 Cardero Resource Corp information on this page should be used as a complementary analysis to other Cardero Resource'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 Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Other Consideration for investing in Cardero Pink Sheet

If you are still planning to invest in Cardero Resource Corp 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 Cardero Resource's history and understand the potential risks before investing.
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