Gale Pollock - Covalon Technologies Director

COV Stock  CAD 1.10  0.01  0.92%   

Director

Maj. Gen. Gale Pollock, CRNA, FACHE, FAAN., serves as Director of the Company. Pollock is a twostar general who retired in 2008 after 36 years of service in the U.S. Army. She held the position of Acting Surgeon General of the U.S. Army. Major General Pollock was the first woman and the first nonphysician to serve in this role in any of the military services of the United States. In this capacity, Major General Pollock was responsible for a worldwide 247 medical operation with a budget of 9.7 billion and a staffing complement of approximately 6500 people. Major General Pollock serves on multiple advisory boards and is the President of Pollock Associates, LLC. She is a Fellow in the American College of Healthcare Executives, the American Academy of Nursing and the National Board of Corporationrationrate Directors. In 2008, Major General Pollock established the Louis J. Fox Center for Vision Restoration and was an associate professor at the University of Pittsburgh Schools of Medicine and Nursing. In 2011, Major General Pollock became a Harvard University Fellow in their Advanced Leadership Initiative program. Major General Pollock has a Master Degree in Business, a Master Degree in Healthcare Administration and a Master Degree in National Security and Strategy. She received an Honorary Doctorate from the University of Maryland. since 2017.
Tenure 7 years
Address 1660 Tech Avenue, Mississauga, ON, Canada, L4W 5S7
Phone905 568 8400
Webhttps://www.covalon.com

Covalon Technologies Management Efficiency

The company has return on total asset (ROA) of (0.1349) % which means that it has lost $0.1349 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.2398) %, meaning that it generated substantial loss on money invested by shareholders. Covalon Technologies' management efficiency ratios could be used to measure how well Covalon Technologies manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.18 in 2024. Return On Capital Employed is likely to drop to -0.22 in 2024. At this time, Covalon Technologies' Non Current Assets Total are fairly stable compared to the past year. Other Current Assets is likely to climb to about 637.1 K in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 115.6 K in 2024.
The company has accumulated 1.56 M in total debt with debt to equity ratio (D/E) of 2.49, implying the company greatly relies on financing operations through barrowing. Covalon Technologies has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Covalon Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Covalon Technologies' 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 Covalon Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covalon to invest in growth at high rates of return. When we think about Covalon Technologies' use of debt, we should always consider it together with cash and equity.

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Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and products in the United States, Canada, the United Kingdom, Europe, the Middle East, Asia, Latin America, and internationally. It serves hospitals, wound care centers, burn centers, extendedalternate care and acute care facilities, home health care agencies, and physicians offices. COVALON TECHNOLOGIES operates under Biotechnology classification in Exotistan and is traded on Commodity Exchange. Covalon Technologies (COV) is traded on TSX Venture Exchange in Canada and employs 29 people. Covalon Technologies is listed under Biotechnology category by Fama And French industry classification.

Management Performance

Covalon Technologies Leadership Team

Elected by the shareholders, the Covalon Technologies' board of directors comprises two types of representatives: Covalon Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Covalon. The board's role is to monitor Covalon Technologies' management team and ensure that shareholders' interests are well served. Covalon Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Covalon Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Simon Smith, Chief Ltd
John Hands, Senior Director - Global Marketing
Greg Leszczynski, Vice Resources
Brent Ashton, CEO Director
Hamed Abbasian, Vice Development
Ian Brindle, Independent Director
Elaine Zhang, Vice Operations
Mark Doolittle, Senior Operations
Joseph Cordiano, Independent Director
Valerio DiTizio, Co-Founder and Chief Science Officer
Ronald Smith, Director
Gerry Arambula, President Ltd
Emily Hill, Executive CEO
Martin Bernholtz, Independent Director
Elinor Caplan, Director
Murray Miller, Independent Director
Kim Crooks, Vice President - Operations
Ron Hebert, VP Marketing
Gale Pollock, Director
Amir CFA, Executive Chairman
Jeffrey Mandel, Independent Director
Myrna Francis, Independent Director
Katie Martinovich, Interim Officer
Danny Brannagan, Chief Financial Officer
Brian Pedlar, President, Chief Executive Officer, Director
John Suk, Director
Ronald Hebert, Senior Marketing
Jason Gorel, Interim Officer
Abe Schwartz, Chairman of The Board, Advisor and Member of Audit Committee

Covalon 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 Covalon Technologies 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 Covalon Technologies 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, Covalon Technologies' short interest history, or implied volatility extrapolated from Covalon Technologies options trading.

Pair Trading with Covalon Technologies

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 Covalon Technologies 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 Covalon Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving against Covalon Stock

  0.56XIM Ximen Mining CorpPairCorr
The ability to find closely correlated positions to Covalon Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covalon Technologies 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 Covalon Technologies - 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 Covalon Technologies to buy it.
The correlation of Covalon Technologies 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 Covalon Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covalon Technologies 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 Covalon Technologies 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, which includes a position in Covalon Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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Please note, there is a significant difference between Covalon Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covalon Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covalon Technologies' 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.