Joseph Anto - Freds CFO, Executive Vice President Secretary
President
Mr. Joseph M. Anto is Chief Executive Officer, Executive Vice President, Secretary of the Company. Mr. Anto has served as the Company Executive Vice President, Chief Financial Officer and Secretary since February 2018. Mr. Anto also served as a consultant to the Company from July 2017 to February 2018. From 2015 to February 2018, Mr. Anto served as Senior Vice President of Strategy and MA at MediaNews Group, Inc., one of the largest newspaper companies in the U.S. by circulation. From 20142015, he was Vice President of Business Development for MediaNews Group and also CEO at Jobs in the US.com, a subsidiary of MediaNews with regionally focused job board sites in New England. From 20132014 he was Managing Director at Digital First Ventures, the strategic investing division of MediaNews Group. In 2009 he cofounded RumbaTime, LLC, a fashion brand focused on timepieces and accessories and served as the Company CEO until 2012. From 20062009 Mr. Anto was a Senior Analyst and Director of Investments at Harbinger Capital Partners, a multistrategy investment firm, where he managed one of the largest merchant power investment portfolios in the sector, accounting for approximately 30 percent of the fund assets and completed MA and debt financing transactions totaling over 4 billion in value. Prior to his time at Harbinger, Mr. Anto was an associate at ABS Capital Partners, a laterstage VC firm, and an analyst at First Union Securities in their technology investment banking group. Mr. Anto has previously served on the boards of private merchant power companies Kelson Energy Inc. and Kelson Canada, CIPS Marketing Group Inc. and was also previously on the board at RumbaTime since 2019.
| Age | 38 |
| Tenure | 5 years |
| Professional Marks | MBA |
| Phone | 901 365-8880 |
| Web | www.fredsinc.com |
Freds Management Efficiency
The company has return on total asset (ROA) of (4.5103) % which means that it has lost $4.5103 on every $100 spent on assets. This is way below average. Freds' management efficiency ratios could be used to measure how well Freds manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 227.83 M in liabilities with Debt to Equity (D/E) ratio of 240.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Freds Inc has a current ratio of 1.09, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist Freds until it has trouble settling it off, either with new capital or with free cash flow. So, Freds' 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 Freds Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Freds to invest in growth at high rates of return. When we think about Freds' use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -7.0E-4 | |||
| Return On Asset | -4.51 |
Freds Inc Leadership Team
Elected by the shareholders, the Freds' board of directors comprises two types of representatives: Freds inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Freds. The board's role is to monitor Freds' management team and ensure that shareholders' interests are well served. Freds' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Freds' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bryan Pugh, Chief Marketing and Merchandising Officer | ||
| Joseph Anto, CFO, Executive Vice President Secretary | ||
| Rick Chambers, Executive VP of Pharmacy Operations and Member of Pharmacy Committee | ||
| Mary McNabb, Independent Director | ||
| Michael Ladd, Chief Stores Officer | ||
| Peter Bocian, Director | ||
| Heath Freeman, Director | ||
| Michael McMillan, Independent Director | ||
| Thomas Tashjian, Independent Director | ||
| Steven Rossi, Independent Director | ||
| Ritwik Chatterjee, CFO | ||
| Rick Hans, CFO, Executive Vice President | ||
| Mary Gardner, Executive Vice President Chief Merchandising and Marketing Officer | ||
| Christopher Bodine, Director | ||
| Kimberley FeliceDooley, Senior Vice President - Merchandising - Consumables | ||
| John Foley, Executive Vice President - Store Operations | ||
| John Eisenman, Independent Director | ||
| Craig Barnes, Executive VP of Supply Chain and Global and Domestic Logistics | ||
| Michael Holligan, Executive Vice President - Store Operations | ||
| Mark Dely, Chief Legal Officer, Sr. VP, General Counsel and Secretary | ||
| Steve Wuebker, Senior Vice President - Supply Chain | ||
| Michael Hayes, Chairman of the Board | ||
| Michael Bloom, Pres and COO | ||
| Gregory Froton, Senior Vice President - Merchandising, General Merchandise | ||
| Jerry Shore, CEO, Director and Member of Pharmacy Committee | ||
| Neeli Bendapudi, Independent Director | ||
| Timothy Barton, Independent Director | ||
| Nathaniel Klein, COO | ||
| Steven Fitzpatrick, Independent Director | ||
| Linda LongoKazanova, Director | ||
| Dana Needleman, Director | ||
| Thomas Zacharias, Director | ||
| Jason Jenne, CFO, Executive Vice President Secretary |
Freds 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 Freds 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 | -7.0E-4 | |||
| Return On Asset | -4.51 | |||
| Profit Margin | (1.58) % | |||
| Operating Margin | (7.98) % | |||
| Current Valuation | 223.59 M | |||
| Shares Outstanding | 35.24 M | |||
| Shares Owned By Insiders | 5.01 % | |||
| Shares Owned By Institutions | 64.62 % | |||
| Number Of Shares Shorted | 5.26 M | |||
| Price To Earning | (41.93) X |
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Try AI Portfolio ArchitectCheck out Investing Opportunities 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 income. Note that the Freds Inc information on this page should be used as a complementary analysis to other Freds' 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Consideration for investing in Freds Stock
If you are still planning to invest in Freds Inc 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 Freds' history and understand the potential risks before investing.
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