Michael Kirshbaum - Advisory Board CFO and Treasurer
CFO
Mr. Michael T. Kirshbaum is Chief Financial Officer and Treasurer of The Advisory Board Company. Mr. Kirshbaum joined us in 1998, and before his current role held a variety of positions in the finance group, most recently serving as Senior Director of Finance. In that role, Mr. Kirshbaum was responsible for most of our finance operations, including our overall financial strategy and budgeting process, as well as a number of other accounting functions. Mr. Kirshbaum currently serves on the board of Evolent Health, Inc., a valuebased care company since 2008.
| Age | 39 |
| Tenure | 16 years |
| Phone | 202 266-5600 |
| Web | www.advisory.com |
Advisory Board Management Efficiency
Advisory Board's management efficiency ratios could be used to measure how well Advisory Board manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 603.78 M in liabilities with Debt to Equity (D/E) ratio of 106.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Advisory Board has a current ratio of 1.04, suggesting that it is in a questionable position to pay out its financial obligations when due. Debt can assist Advisory Board until it has trouble settling it off, either with new capital or with free cash flow. So, Advisory Board'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 Advisory Board sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Advisory to invest in growth at high rates of return. When we think about Advisory Board's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 0.0023 | |||
| Return On Asset | 6.0E-4 |
Advisory Board Leadership Team
Elected by the shareholders, the Advisory Board's board of directors comprises two types of representatives: Advisory Board inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Advisory. The board's role is to monitor Advisory Board's management team and ensure that shareholders' interests are well served. Advisory Board'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, Advisory Board's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sanju Bansal, Independent Director | ||
| Richard Schwartz, President of Performance Technologies and Consulting | ||
| Cameron Moss, IR Contact Officer | ||
| David Felsenthal, Pres and Director | ||
| Sanjeev Bansal, Independent Director | ||
| LeAnne Zumwalt, Independent Director | ||
| Nancy Killefer, Independent Director | ||
| Evan Farber, General Counsel, Corporate Secretary | ||
| Mark Neaman, Independent Director | ||
| Robert Borchert, VP,IR Contact Officer | ||
| Gail Jacobs, IR Contact Officer | ||
| Robert Musslewhite, Chairman and CEO | ||
| Peter Grua, Independent Director | ||
| Mary Hoose, Chief Talent Officer | ||
| Cormac Miller, Executive VP | ||
| Kelt Kindick, Lead Independent Director | ||
| Michael Kirshbaum, CFO and Treasurer | ||
| Leon Shapiro, Independent Director |
Advisory 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 Advisory Board 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 | 0.0023 | |||
| Return On Asset | 6.0E-4 | |||
| Profit Margin | 0 % | |||
| Operating Margin | 9.41 % | |||
| Current Valuation | 2.65 B | |||
| Shares Outstanding | 40.76 M | |||
| Shares Owned By Insiders | 1.51 % | |||
| Shares Owned By Institutions | 98.49 % | |||
| Number Of Shares Shorted | 1.83 M | |||
| Price To Earning | 20.44 X |
Pair Trading with Advisory Board
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 Advisory Board 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 Advisory Board will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Norfolk Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Norfolk Southern 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 Norfolk Southern - 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 Norfolk Southern to buy it.
The correlation of Norfolk Southern 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 Norfolk Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Norfolk Southern 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 Norfolk Southern 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 Advisory Board information on this page should be used as a complementary analysis to other Advisory Board'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in Advisory Stock
If you are still planning to invest in Advisory Board 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 Advisory Board's history and understand the potential risks before investing.
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