Jeffrey Bloomberg - Nortek Independent Director
Director
Mr. Jeffrey C. Bloomberg was a member of the Board since April 19 2005. Mr. Bloomberg served as Lead Director from February 1 2011 through March 29 2012. Mr. Bloomberg was previously a member of the Board from January 9 2003 to August 27 2004. Mr. Bloomberg has served since 2001 in the Office of the Chairman of Gordon Brothers Group LLC a company which assists retail consumer goods and industrial companies in asset redeployment and provides capital solutions to middle market companies. From 1994 to 2001 Mr. Bloomberg served as the President of Bloomberg Associates an investment banking company. Mr. Bloomberg served as a director of RHI Entertainment Inc. from 20092011 and served as a director of Tweeter Home Entertainment Group from 19862007. Mr. Bloomberg also serves as a director of LogicSource Inc. a privately held company. Mr. Bloombergs extensive experience with retailers and consumer goods and his experience in dealing with issues facing the Company make him well positioned for his role as a director. since 2012.
| Age | 66 |
| Tenure | 12 years |
| Phone | 401 751-1600 |
| Web | www.nortekinc.com |
Nortek Management Efficiency
The company has Return on Asset of (1.5221) % which means that on every $100 spent on assets, it lost $1.5221. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (115.6441) %, meaning that it generated no profit with money invested by stockholders. Nortek's management efficiency ratios could be used to measure how well Nortek manages its routine affairs as well as how well it operates its assets and liabilities.The company has 1.38 B in debt with debt to equity (D/E) ratio of 113.21, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Nortek Inc has a current ratio of 1.61, which is typical for the industry and considered as normal. Debt can assist Nortek until it has trouble settling it off, either with new capital or with free cash flow. So, Nortek'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 Nortek Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nortek to invest in growth at high rates of return. When we think about Nortek's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -115.64 | |||
| Return On Asset | -1.52 |
Nortek Inc Leadership Team
Elected by the shareholders, the Nortek's board of directors comprises two types of representatives: Nortek inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nortek. The board's role is to monitor Nortek's management team and ensure that shareholders' interests are well served. Nortek'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, Nortek's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Lukas, Independent Director | ||
| Bennett Rosenthal, Independent Director | ||
| Michael Clarke, CEO and President Director and Member of Proxy Committee | ||
| Jeffrey Bloomberg, Independent Director | ||
| Lawrence Cohen, CEO of Glycotest Inc. | ||
| Timothy Burling, Senior Vice President Operational Finance | ||
| James Hirshorn, Independent Director | ||
| Peter Segar, Group President of Ergonomic and Productivity Solutions | ||
| J Smith, Independent Chairman of the Board | ||
| Thomas Keenan, Independent Director | ||
| Gene Walther, CEO of Vortex BioSciences | ||
| Bob Englert, CEO of Vortex Biosciences | ||
| David LaGrand, Group President of Residential and Commercial HVAC | ||
| Mark DeVincent, President Custom and Commercial Air Solutions | ||
| JDavid Smith, Independent Chairman of the Board | ||
| Stephen Smith, Non-Executive Director | ||
| Liam Weston, Chief Human Resource Officer | ||
| Bruno Biasiotta, COO | ||
| John Coleman, Independent Director | ||
| Kevin Donnelly, Senior Vice President General Counsel, Secretary | ||
| Michael ONeal, President - Nortek Security and Control | ||
| Jeffrey Mueller, President - Residential Ventilation | ||
| Ian Postlethwaite, CFO, Director | ||
| Chris McWilton, Director | ||
| Michael Botelho, Vice President - Strategy and Investor Relations | ||
| Richard Skyes, Chairman, Executive Director | ||
| Christopher McWilton, Director |
Nortek 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 Nortek 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 | -115.64 | |||
| Return On Asset | -1.52 | |||
| Profit Margin | (1.31) % | |||
| Operating Margin | 6.18 % | |||
| Current Valuation | 2.08 B | |||
| Shares Outstanding | 15.94 M | |||
| Shares Owned By Insiders | 2.37 % | |||
| Shares Owned By Institutions | 97.70 % | |||
| Number Of Shares Shorted | 195.22 K | |||
| Price To Earning | 130.82 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 Nortek 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, Nortek's short interest history, or implied volatility extrapolated from Nortek options trading.
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Other Consideration for investing in Nortek Stock
If you are still planning to invest in Nortek 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 Nortek's history and understand the potential risks before investing.
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