Patrick Walsh - Town Sports Chairman

Chairman

Mr. Patrick D. Walsh was appointed as Executive Chairman of the Boardserved as a director since March 2015, He has served as a director since March 2015, and Chairman of the Board from April 2015 to May 2015. Mr. Walsh served as Executive Chairman from June 2015 to August 2016. Mr. Walsh has served as Chairman and Chief Executive Officer of the Company since September 2016 since 2016.
Age 42
Tenure 8 years
Phone914 347-4009
Webwww.townsportsinternational.com
Walsh is also the Chief Executive Officer of PW Partners Atlas Funds, LLC, the general partner of various investment funds, and its affiliates, which he founded in August 2012. From September 2011 to August 2012, Mr. Walsh was Managing Partner of PWK Partners, LLC, an investment firm. From March 2008 to September 2011, Mr. Walsh served as partner at Oak Street Capital Management, LLC, an investment firm. From August 2004 to February 2008, Mr. Walsh was Vice President at Deutsche Bank Securities, Inc. He also serves as a director of BJ’s Restaurants, Inc., an owner and operator of casual dining restaurants, since June 2014, and as a director of Del Taco Restaurants, Inc., an owner, operator and franchisor of casual Mexican restaurants, since June 2015.

Patrick Walsh Latest Insider Activity

Tracking and analyzing the buying and selling activities of Patrick Walsh against Town Sports stock is an integral part of due diligence when investing in Town Sports. Patrick Walsh insider activity provides valuable insight into whether Town Sports is net buyers or sellers over its current business cycle. Note, Town Sports insiders must abide by specific rules, including filing SEC forms every time they buy or sell Town Sports'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Town Sports Management Efficiency

The company has return on total asset (ROA) of (1.25) % which means that it has lost $1.25 on every $100 spent on assets. This is way below average. Town Sports' management efficiency ratios could be used to measure how well Town Sports manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 790.75 M in liabilities. Town Sports International has a current ratio of 0.16, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Town Sports until it has trouble settling it off, either with new capital or with free cash flow. So, Town Sports' 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 Town Sports International sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Town to invest in growth at high rates of return. When we think about Town Sports' use of debt, we should always consider it together with cash and equity.

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Town Sports International Holdings, Inc., together with its subsidiaries, owns and operates fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The company was founded in 1973 and is based in Jupiter, Florida. Town Sports operates under Leisure classification in the United States and is traded on NASDAQ Exchange. It employs 1900 people. Town Sports International (CLUB) is traded on NASDAQ Exchange in USA and employs 1,900 people.

Management Performance

Town Sports International Leadership Team

Elected by the shareholders, the Town Sports' board of directors comprises two types of representatives: Town Sports inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Town. The board's role is to monitor Town Sports' management team and ensure that shareholders' interests are well served. Town Sports' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Town Sports' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jason Fish, Independent Director
Michelle Ryan, Chief Marketing Officer
Martin Annese, Director
Leam Nelson, Sr. VP, General Counsel and Corporate Secretary
Spencer Wells, Independent Director
Stuart Steinberg, General Counsel
Nitin Ajmera, Senior Vice President Shared Services and Controller
Patrick Walsh, Executive Chairman and Member of Executive Committee
Mandy Lam, Director
Gregory Bartoli, COO
Marcus Dunlop, Director
Carolyn Spatafora, CFO
Thomas Galligan, Independent Chairman of the Board

Town 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 Town Sports 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 Town Sports

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 Town Sports 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 Town Sports will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Comcast Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comcast Corp 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 Comcast Corp - 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 Comcast Corp to buy it.
The correlation of Comcast Corp is a statistical measure of how it moves in relation to other equities. 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 Comcast Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comcast Corp 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 Comcast Corp 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 employment.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Other Consideration for investing in Town Stock

If you are still planning to invest in Town Sports International 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 Town Sports' history and understand the potential risks before investing.
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