Michael Fleming - Eastside Distilling Director

EAST Stock  USD 1.01  0.02  2.02%   

Director

Mr. Michael M. Fleming was appointed as Director of the Company. He is an attorney with the law firm Ryan, Swanson Cleveland, PLLC specializing in real estate, dispute resolution, securities and environmental matters. Mr. Fleming previously was an attorney with the law firm of Lane Powell PC from 2000 to 2013. Mr. Fleming is the Chairman of the Board of Directors of Jones Soda Co., a publicly traded premium beverage company. Mr. Fleming also serves on the Board of Directors of SW Seed Co., a publicly traded agricultural products company, where he serves as, Lead Independent Director, Chairman of the Audit Committee, and as a member of the Compensation committee. Mr. Fleming has served on the Board of Directors of Big Brothers and Big Sisters of Puget Sound since 2002 and was Chairman of the Board of Directors for 20082009. He has also been the President and owner of Kidcentre, Inc., a company in the business of providing child care services in downtown Seattle, Washington, since 1988. Since 1985, he has also been the President and owner of Fleming Investment Co., an investment company since 2016.
Age 69
Tenure 8 years
Address 2321 NE Argyle Street, Portland, OR, United States, 97211
Phone971 888 4264
Webhttps://www.eastsidedistilling.com
Fleming holds a Bachelor of Arts degree from University of Washington and a law degree from the University of California, Hastings College of the Law. We believe Mr. Fleming is qualified to serve on our Board of Directors because his experience serving on public company boards, as President and owner of two businesses as well as his legal background contribute legal expertise in matters of business and securities law.

Eastside Distilling Management Efficiency

The company has return on total asset (ROA) of (0.1663) % which means that it has lost $0.1663 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (2.6025) %, meaning that it created substantial loss on money invested by shareholders. Eastside Distilling's management efficiency ratios could be used to measure how well Eastside Distilling manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.64 in 2024. Return On Capital Employed is likely to drop to -0.41 in 2024. At this time, Eastside Distilling's Total Current Liabilities is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 13 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 15.3 M in 2024.
The company currently holds 13.89 M in liabilities with Debt to Equity (D/E) ratio of 1.48, which is about average as compared to similar companies. Eastside Distilling has a current ratio of 0.81, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Eastside Distilling until it has trouble settling it off, either with new capital or with free cash flow. So, Eastside Distilling'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 Eastside Distilling sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eastside to invest in growth at high rates of return. When we think about Eastside Distilling's use of debt, we should always consider it together with cash and equity.

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Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. Eastside Distilling, Inc. was founded in 2008 and is headquartered in Portland, Oregon. Eastside Distilling operates under BeveragesWineries Distilleries classification in the United States and is traded on NASDAQ Exchange. It employs 69 people. Eastside Distilling (EAST) is traded on NASDAQ Exchange in USA. It is located in 2321 NE Argyle Street, Portland, OR, United States, 97211 and employs 47 people. Eastside Distilling is listed under Distillers & Vintners category by Fama And French industry classification.

Management Performance

Eastside Distilling Leadership Team

Elected by the shareholders, the Eastside Distilling's board of directors comprises two types of representatives: Eastside Distilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eastside. The board's role is to monitor Eastside Distilling's management team and ensure that shareholders' interests are well served. Eastside Distilling'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, Eastside Distilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sayid Salam, Head of Quality Assurance
Peter Hakansson, Director
Mohammed Khalil, Head of Marketing Sectors
Joe Ibrahim, Director Operations
Hasan Hasan, Head of General Project Sectors, and Executive Manager - 6th of October and Borg El Arab Industrial Complexes
Howayda Mahmoud, Head of Local Manufacture Sector and Supervisor of Project Department
Ali Yousef, Member of the Board
Greta Dorthe, Administrative & Executive Coordinator
Michael Fleming, Director
Ruta Narutavice, Business Centre Manager
Steve Shum, CFO
Stephanie Kilkenny, Company Director
Amr Kamel, Head of Health Affair Sectors
Ahmad Darwish, Head of Plants Sector
Irmantas Trimonis, Project Administration Manager
Chen Fang, Independent Director
Sayyed Madbouli, Information Technology Manager
Lars Gronstedt, Independent Chairman of the Board
Magda Rustom, Head of Legal Affairs
Abdul Habashi, Head of Technical Affair Sectors
Steven Shum, CFO
Geoffrey CFA, Interim CFO
Zainab Samanodi, Head of Legal Affair Sectors
Heather Whyte, VP HR
Lilia Kouzmina, Senior Analyst
Nasar Rahman, Head of Smoke Sector
Goran Bronner, Independent Director
Jing Wang, CFO and Director
Iatemad Sebaie, Head of Incentives Sector
Mohammed Aal, Head of Information and Performance Development Sectors
Nabil Mohsen, Chairman of the Board & Managing Director
Majdi Sherbini, Executive Member of the Board
Robert Manfredonia, President
Eric Stadler, Project Manager and Corporate Secretary
Lawrence Hirson, Director
Xin Tian, COO and Director
Amy Lancer, Chief Spirits
Farzad Bahador, Financial Controller
Owen Lingley, Director
Abdul Tawfiq, Head Of Public Relations
Melissa Heim, Executive Vice President - Operations
Ahmed Ismail, Head of Factory
Martin Kunkel, Chief Marketing Officer, Secretary
Paul Shoen, Director
Chuang Gao, Independent Director
Kestutis Sasnauskas, CEO
Kim Davis, Controller
Trent Davis, Director
Ali Ali, Investment Manager, Director of Investor Relations
Mohamad Haroun, Head of Marketing
David Holmes, Independent Director
Liselotte Hjorth, Independent Director
Mahmoud Lotfi, Head of Laboratories and Research Sectors
Taghrid Amin, Secretary to the Board
Fifi Jad, General Manager of Temporary Labors
Amy Brassard, HR Admin
Emil Holmstrom, Analyst
Grover Wickersham, Chairman of the Board, CEO
Jamal Shafei, Head of Union Committee
Lena Krauss, CFO
Nadya Wells, Independent Director
Mahmoud Jad, Head of Human Resource Sectors
Mohammed Moharam, Non-Executive Member of the Board (Temporary)
Jack Peterson, Director
Patrick Crowley, Independent Director
Mohammed Adli, Head of Purchase Sectors
Samir Sayad, Non-Executive Member of the Board
Ousama Hasan, Head of Finance Sectors
Adel Azzam, Head of Leaf Tobacco sectors
Talaat Ismail, Executive Member of the Board
Rui Tan, Chairman, CEO and Pres
Tatjana Potrebko, Financial Manager

Eastside 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 Eastside Distilling 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 Eastside Distilling 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, Eastside Distilling's short interest history, or implied volatility extrapolated from Eastside Distilling options trading.

Pair Trading with Eastside Distilling

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 Eastside Distilling 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 Eastside Distilling will appreciate offsetting losses from the drop in the long position's value.

Moving against Eastside Stock

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The ability to find closely correlated positions to Eastside Distilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastside Distilling 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 Eastside Distilling - 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 Eastside Distilling to buy it.
The correlation of Eastside Distilling 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 Eastside Distilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastside Distilling 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 Eastside Distilling 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
When determining whether Eastside Distilling is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Eastside Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Eastside Distilling Stock. Highlighted below are key reports to facilitate an investment decision about Eastside Distilling Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.
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Is Eastside Distilling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastside Distilling. If investors know Eastside will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastside Distilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(7.04)
Revenue Per Share
9.623
Quarterly Revenue Growth
(0.13)
Return On Assets
(0.17)
Return On Equity
(2.60)
The market value of Eastside Distilling is measured differently than its book value, which is the value of Eastside that is recorded on the company's balance sheet. Investors also form their own opinion of Eastside Distilling's value that differs from its market value or its book value, called intrinsic value, which is Eastside Distilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastside Distilling's market value can be influenced by many factors that don't directly affect Eastside Distilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastside Distilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastside Distilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastside Distilling's 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.