Eric Thornburg - Connecticut Water Chairman, CEO and Pres
Chairman
Mr. Eric W. Thornburg is an Chairman of the Board, President, Chief Executive Officer of Connecticut Water Service Inc. He was elected Chairman of the Board of Directors on May 8, 2007 and was the President and Chief Executive Officer of the Company since 2006. Prior to joining the Company, Mr. Thornburg served as President of MissouriAmerican Water, a subsidiary of American Water Works Corporationrationration, from 2000 to 2004. From July 2004 to January 2006 he also served as Central Region Vice PresidentExternal Affairs for American Water. He is a graduate of Cornell University and has an MBA from Indiana Wesleyan University. Mr. Thornburgs entire career was in the water utility industry. His experience and daytoday leadership as Chief Executive Officer at the Company provides him with an intimate knowledge of the industry, the Company and its operations. Skills, qualifications and attributes Executive Leadership FinancialCapital Management Financial ExpertiseLiteracy Utility IndustryRegulatory Strategic Planning Corporationrationrate Governance Government Relations Executive Compensation Public Affairs Communications Risk Management. since 2007.
| Age | 56 |
| Tenure | 17 years |
| Phone | 860 669-8636 |
| Web | www.ctwater.com |
Connecticut Water Management Efficiency
The company has return on total asset (ROA) of 2.02 % which means that it generated a profit of $2.02 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 8.77 %, meaning that it created $8.77 on every $100 dollars invested by stockholders. Connecticut Water's management efficiency ratios could be used to measure how well Connecticut Water manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 335.6 M in liabilities with Debt to Equity (D/E) ratio of 113.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Connecticut Water Service has a current ratio of 0.41, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Connecticut Water until it has trouble settling it off, either with new capital or with free cash flow. So, Connecticut Water'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 Connecticut Water Service sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Connecticut to invest in growth at high rates of return. When we think about Connecticut Water's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 8.77 | |||
| Return On Asset | 2.02 |
Connecticut Water Service Leadership Team
Elected by the shareholders, the Connecticut Water's board of directors comprises two types of representatives: Connecticut Water inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Connecticut. The board's role is to monitor Connecticut Water's management team and ensure that shareholders' interests are well served. Connecticut Water'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, Connecticut Water's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Craig Patla, Vice President - Service Delivery | ||
| Lisa Thibdaue, Independent Director | ||
| Mary Hanley, Independent Director | ||
| Eric Thornburg, Chairman, CEO and Pres | ||
| Arthur Reeds, Independent Director | ||
| Judith Wallingford, President of the Maine Water Company | ||
| Richard Forde, Independent Director | ||
| Heather Hunt, Independent Director | ||
| C Patla, Vice President - Service Delivery | ||
| Robert Doffek, CFO, Controller, Treasurer | ||
| Kristen Johnson, VP of HR and Corporate Secretary | ||
| Richard Knowlton, President The Maine Water Company (Maine Water) | ||
| Daniel Meaney, IR Contact Officer | ||
| Laurie Felleman, IR Contact | ||
| David Benoit, CFO, Sr. VP and Treasurer | ||
| Ellen Wolf, Director | ||
| Bradford Hunter, Director | ||
| Carol Wallace, Lead Independent Director | ||
| Maureen Westbrook, VP of Customer and Regulatory Affairs |
Connecticut 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 Connecticut Water 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 | 8.77 | |||
| Return On Asset | 2.02 | |||
| Profit Margin | 14.97 % | |||
| Operating Margin | 47.53 % | |||
| Current Valuation | 1.18 B | |||
| Shares Outstanding | 12.07 M | |||
| Shares Owned By Insiders | 2.07 % | |||
| Shares Owned By Institutions | 52.51 % | |||
| Number Of Shares Shorted | 251.18 K | |||
| Price To Earning | 39.74 X |
Pair Trading with Connecticut Water
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 Connecticut Water 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 Connecticut Water will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KLA Tencor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KLA Tencor 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 KLA Tencor - 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 KLA Tencor to buy it.
The correlation of KLA Tencor 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 KLA Tencor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KLA Tencor 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 KLA Tencor 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 housing. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Other Consideration for investing in Connecticut Stock
If you are still planning to invest in Connecticut Water Service 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 Connecticut Water's history and understand the potential risks before investing.
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