Robert Albers - Mind Technology Independent Director

MINDP Preferred Stock  USD 8.90  0.80  9.88%   

Director

Mr. Robert John Albers is an Independent Director of Mitcham Industries, Inc. He was appointed to our Board in January 2008 based on the recommendation of the Nominating Committee. Mr. Albers currently manages Bob Albers Consulting. From 2002 to 2016, Mr. Albers acted as Corporationrationrate Management Advisor to Sercel. From 1995 to 2002, he was Executive Vice President of Sercel, Inc. From 1990 to 1994, Mr. Albers served as Vice President and General Manager of Halliburton Geophysical Products. In 1982, he joined Geosource, Inc. and served as President and General Manager, Operations and Technology Group from 1963 to 1982, he held various management and leadership roles at Chevron Oil Company. Mr. Albers holds a BS degree in Mining Engineering from Lehigh University. Mr. Albers has more than 30 years of experience as a manager and executive in the seismic industry. He possesses broad technical and financial expertise in the seismic industry. Our Board believes that Mr. Albers significant senior leadership and industryspecific experience enables him to effectively serve as a director. since 2008.
Age 76
Tenure 16 years
Phone281 353 4475
Webhttps://mind-technology.com

Mind Technology Management Efficiency

The company has return on total asset (ROA) of (0.2245) % which means that it has lost $0.2245 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.5491) %, meaning that it generated substantial loss on money invested by shareholders. Mind Technology's management efficiency ratios could be used to measure how well Mind Technology manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 2 M in total debt with debt to equity ratio (D/E) of 0.08, which may suggest the company is not taking enough advantage from borrowing. Mind Technology Pref has a current ratio of 2.81, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Mind Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Mind Technology'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 Mind Technology Pref sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mind to invest in growth at high rates of return. When we think about Mind Technology's use of debt, we should always consider it together with cash and equity.

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MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas. Mitcham Industries operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 200 people. Mind Technology Pref (MINDP) is traded on NASDAQ Exchange in USA. It is located in 2002 Timberloch Place, The Woodlands, TX, United States, 77380 and employs 200 people. Mind Technology is listed under Electronic Equipment category by Fama And French industry classification.

Management Performance

Mind Technology Pref Leadership Team

Elected by the shareholders, the Mind Technology's board of directors comprises two types of representatives: Mind Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mind. The board's role is to monitor Mind Technology's management team and ensure that shareholders' interests are well served. Mind Technology'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, Mind Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
Guy Malden, Co-CEO and Executive Vice President of Marine Systems
Robert Albers, Independent Director
Andy Meecham, CTO VP
Robert Capps, Co-CEO and Executive Vice President -Finance and CFO, Director
Thomas Meurling, Vice President and Chief Business Development Officer
Mark Cox, Vice President - Finance and Accounting, Principal Accounting Officer
Marcus Rowland, Independent Director
Peter Blum, Non-Executive Independent Chairman of the Board
Thomas Glanville, Independent Director
Randal Lewis, Independent Director
Jack Lascar, President and Managing Partner

Mind Preferred Stock Performance Indicators

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

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology Pref. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
To learn how to invest in Mind Preferred Stock, please use our How to Invest in Mind Technology guide.
Note that the Mind Technology Pref information on this page should be used as a complementary analysis to other Mind Technology'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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When running Mind Technology's price analysis, check to measure Mind Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mind Technology is operating at the current time. Most of Mind Technology's value examination focuses on studying past and present price action to predict the probability of Mind Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mind Technology's price. Additionally, you may evaluate how the addition of Mind Technology to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology'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.