Peter Ax - IGo Independent Director

Director

Mr. Peter L. Ax is Independent Director of Igo Inc., since December 2007. He is Chair of the Audit Committee and a member of the Corporationrationrate Governance and Nominating and Compensation and Human Resources Committees. Mr. Ax is the Lead Director of Meritage Homes Corporation and was a member of that companys board since 2002. Mr. Ax is currently the managing partner of Phoenix Capital Management, an operationally focused VC firm. Mr. Ax is the former chairman and chief executive officer of SpinCycle, Inc., a publiclyreporting consolidator and developer of coinoperated laundromats. Previously, Mr. Ax served as head of the Private Placement Equity Division and senior vice president of Lehman Brothers in New York. Mr. Ax currently serves on the Advisory Board of Directors of Cascadia Capital, a Seattle based investment banking and merchant banking firm since 2007.
Age 58
Tenure 17 years
Professional MarksMBA
Phone212 520 2300
Webhttps://igo.com
Ax holds an M.B.A. from the Wharton School at the University of Pennsylvania, a law degree from the University of Arizona, and was a certified public accountant. He has also been an accounting instructor at the Wharton School and is regularly a judge in the annual Wharton Business Plan Competition.

IGo Management Efficiency

The company has return on total asset (ROA) of 8.51 % which means that it generated a profit of $8.51 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on stockholder's equity (ROE) of 21.5 %, meaning that it created $21.5 on every $100 dollars invested by stockholders. IGo's management efficiency ratios could be used to measure how well IGo manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 3.4 M in liabilities with Debt to Equity (D/E) ratio of 0.17, which may suggest the company is not taking enough advantage from borrowing. IGo Inc has a current ratio of 2.0, which is within standard range for the sector. Debt can assist IGo until it has trouble settling it off, either with new capital or with free cash flow. So, IGo'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 IGo Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for IGo to invest in growth at high rates of return. When we think about IGo's use of debt, we should always consider it together with cash and equity.

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iGo Inc., through its subsidiary, KASCO LLC, provides metallic blade products for the meat, food, and wood cutting industries worldwide. The company was founded in 1901 and is based in New York, New York. IGO INC operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. IGo Inc (IGOI) is traded on NASDAQ Exchange in USA and employs 10 people.

Management Performance

IGo Inc Leadership Team

Elected by the shareholders, the IGo's board of directors comprises two types of representatives: IGo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IGo. The board's role is to monitor IGo's management team and ensure that shareholders' interests are well served. IGo'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, IGo's outside directors are responsible for providing unbiased perspectives on the board's policies.
Phillip Johnson, VP of Product Devel.
Peter Ax, Independent Director
Jack Howard, Director
Michael Larson, Independent Chairman of the Board
Terry Gibson, CEO and President CFO and Director

IGo 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 IGo 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.
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 IGo 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, IGo's short interest history, or implied volatility extrapolated from IGo options trading.

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Other Consideration for investing in IGo Stock

If you are still planning to invest in IGo Inc 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 IGo's history and understand the potential risks before investing.
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