Gary Jacobs - Surge Components Independent Director

SPRS Stock  USD 2.75  0.10  3.51%   

Director

Mr. Gary M. Jacobs is Independent Director of Surge Components Inc. He currently serves as a consultant to several companies, providing advisory services in the areas of turnaround and financial and operational efficiencies. Mr. Jacobs served as the Chief Financial Officer of Chem Rx from June 2008 until March 2011. From May 2005 to June 2008, Mr. Jacobs was the Chief Financial Officer and Chief Operating Officer of Gold Force International, Ltd., a supplier of gold, silver and pearl jewelry to U.S. retail chains, and Karat Platinum LLC, a developer of an alternative to platinum. From July 2003 to April 2005, Mr. Jacobs served as President of The Innovative Companies, LLC, a supplier of natural stone. From October 2001 to February 2003, Mr. Jacobs served as Executive Vice President of Operations and Corporationrationrate Secretary of The Hain Celestial Group, Inc., a food and personal care products company. Mr. Jacobs also served as Executive Vice President of Finance, Chief Financial Officer and Treasurer of The Hain Celestial Group, Inc. from September 1998 to October 2001. Prior to that, Mr. Jacobs was the Chief Financial Officer of Graham Field Health Products, Inc., a manufacturing and distribution company since 2003.
Age 57
Tenure 21 years
Phone631 595 1818
Webhttps://www.surgecomponents.com
Jacobs was employed for 13 years as a member of the audit staff of Ernst & Young LLP, where he attained the position of senior manager. He is a certified public accountant and holds a Bachelor’s of Business Administration in Accounting from Adelphi University.

Surge Components Management Efficiency

The company has return on total asset (ROA) of 0.1254 % which means that it generated a profit of $0.1254 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2351 %, meaning that it created $0.2351 on every $100 dollars invested by stockholders. Surge Components' management efficiency ratios could be used to measure how well Surge Components manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 1.54 M in liabilities with Debt to Equity (D/E) ratio of 0.09, which may suggest the company is not taking enough advantage from borrowing. Surge Components has a current ratio of 3.08, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Surge Components until it has trouble settling it off, either with new capital or with free cash flow. So, Surge Components' 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 Surge Components sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Surge to invest in growth at high rates of return. When we think about Surge Components' use of debt, we should always consider it together with cash and equity.

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Surge Components, Inc., together with its subsidiaries, supplies electronic products and components. The company was incorporated in 1981 and is headquartered in Deer Park, New York. Surge Components operates under Electronics Computer Distribution classification in the United States and is traded on OTC Exchange. It employs 43 people. Surge Components [SPRS] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Surge Components Leadership Team

Elected by the shareholders, the Surge Components' board of directors comprises two types of representatives: Surge Components inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Surge. The board's role is to monitor Surge Components' management team and ensure that shareholders' interests are well served. Surge Components' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Surge Components' outside directors are responsible for providing unbiased perspectives on the board's policies.
Steven Lubman, VP, Secretary and Director
Peter Levy, Director
David Siegel, Director
Alan Plafker, Independent Director
Lawrence Chariton, Independent Director
Ira Levy, Chairman, CEO and President and CFO
Martin Novick, Director
Gary Jacobs, Independent Director

Surge 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 Surge Components 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.

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When running Surge Components' price analysis, check to measure Surge Components' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Surge Components is operating at the current time. Most of Surge Components' value examination focuses on studying past and present price action to predict the probability of Surge Components' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surge Components' price. Additionally, you may evaluate how the addition of Surge Components to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Surge Components' value and its price as these two are different measures arrived at by different means. Investors typically determine if Surge Components is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Surge Components' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.