Joseph Maggini - Meritage Hospitality Director

MHGUDelisted Stock  USD 17.78  0.02  0.11%   

Director

Mr. Joseph L. Maggini Director of Meritage Hospitality Group Inc. since January 1996. Mr. Maggini is the President and Chairman of the Board of Magic Steel Corporationrationration, a steel service center located in Grand Rapids, Michigan, since founding the company in 1974. since 1996.
Age 74
Tenure 28 years
Phone616 776 2600
Webhttps://www.meritagehospitality.com

Meritage Hospitality Management Efficiency

The company has return on total asset (ROA) of 0.0156 % which means that it generated a profit of $0.0156 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1758 %, meaning that it created $0.1758 on every $100 dollars invested by stockholders. Meritage Hospitality's management efficiency ratios could be used to measure how well Meritage Hospitality manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 165.38 M in liabilities with Debt to Equity (D/E) ratio of 3.95, implying the company greatly relies on financing operations through barrowing. Meritage Hospitality has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Meritage Hospitality until it has trouble settling it off, either with new capital or with free cash flow. So, Meritage Hospitality'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 Meritage Hospitality sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Meritage to invest in growth at high rates of return. When we think about Meritage Hospitality's use of debt, we should always consider it together with cash and equity.

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Meritage Hospitality Group Inc. operates quick-service and casual dining restaurants. Meritage Hospitality Group Inc. was incorporated in 1986 and is headquartered in Grand Rapids, Michigan. Meritage Hosp operates under Restaurants classification in the United States and is traded on OTC Exchange. It employs 330 people. Meritage Hospitality Group [MHGU] is traded as part of a regulated electronic over-the-counter service offered by the NASD. Meritage Hospitality is listed under Restaraunts Hotels Motels category by Fama And French industry classification.

Management Performance

Meritage Hospitality Leadership Team

Elected by the shareholders, the Meritage Hospitality's board of directors comprises two types of representatives: Meritage Hospitality inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Meritage. The board's role is to monitor Meritage Hospitality's management team and ensure that shareholders' interests are well served. Meritage Hospitality'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, Meritage Hospitality's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tracey Smith, Director of Fin.
Greg Corr, Executive Vice President of Wendys Operations
Jeff VanHaitsma, Vice President of Human Resources
Robert Potts, Vice President Real Estate
James Bishop, Director
Brian McMahon, Director
Douglas Poland, Vice President of Real Estate
Joseph Maggini, Director
Robert Schermer, CEO and President Director and Member of Executive Committee
Duane Kluting, Director
Peter Wierenga, Director
Dirk Pruis, Director
Gary Rose, CFO, COO, VP, Treasurer and Secretary
James Saalfeld, Vice President Chief Administrative Officer, General Counsel, Secretary

Meritage Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Meritage Hospitality 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 Meritage Hospitality 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, Meritage Hospitality's short interest history, or implied volatility extrapolated from Meritage Hospitality options trading.

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Note that the Meritage Hospitality information on this page should be used as a complementary analysis to other Meritage Hospitality'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Other Consideration for investing in Meritage OTC Stock

If you are still planning to invest in Meritage Hospitality 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 Meritage Hospitality's history and understand the potential risks before investing.
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