Ronald Ricciardi - Saker Aviation President

SKAS Stock  USD 8.50  0.02  0.23%   

President

Mr. Ronald J. Ricciardi is President, Chief Executive Officer, Vice Chairman of the Board of Saker Aviation Services, Inc. Mr. Ricciardi cofounded a proprietorship named FBO Air on January 17, 2003, which was subsequently incorporated as FBO Air, Inc. on January 2, 2004 in the State of Arizona. This Arizona corporation was merged with and into the company, a public shell then named Shadows Bend Development, Inc., in a reverse merger transaction on August 20, 2004. Simultaneously with the reverse merger transaction, Mr. Ricciardi was elected as President, Chief Executive Officer and director and served in such capacities until December 12, 2006. On December 12, 2006, he was elected as Vice Chairman of the Board of Directors. On March 2, 2010, after completion of divestiture of Airborne, Inc., Mr. Ricciardi was elected as President and Chief Executive Officer and from April 2010 to October 27, 2011 was Chairman of the Board of Directors. If elected, effective upon the 2012 Annual Meeting of Stockholders, Mr. Ricciardi shall serve as the Vice Chairman of the Board of Directors, a position he has held since October 27, 2011. Before cofounding FBO Air, Mr. Ricciardi was President and Chief Executive Officer of PA Capital Partners, Inc., an entertainment finance company established to fund the distribution of independent films. Mr. Ricciardi was also cofounder, Chairman and Chief Executive Officer of eTurn, Inc., a high technology service provider, for which he developed a consolidation strategy, negotiated potential mergeracquisition candidates, prepared private placement materials and executed numerous private, institutional and VC presentations. since 2018.
Age 54
Tenure 6 years
Phone212 776 4046
Webhttps://www.sakeraviation.com

Saker Aviation Management Efficiency

The company has return on total asset (ROA) of 0.1555 % which means that it generated a profit of $0.1555 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2646 %, meaning that it created $0.2646 on every $100 dollars invested by stockholders. Saker Aviation's management efficiency ratios could be used to measure how well Saker Aviation manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 57.73 K in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. Saker Aviation Services has a current ratio of 5.02, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Saker Aviation until it has trouble settling it off, either with new capital or with free cash flow. So, Saker Aviation'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 Saker Aviation Services sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Saker to invest in growth at high rates of return. When we think about Saker Aviation's use of debt, we should always consider it together with cash and equity.

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Saker Aviation Services, Inc., through its subsidiaries, operates in the aviation services segment of the general aviation industry in the United States. Saker Aviation Services, Inc. was founded in 2003 and is headquartered in New York, New York. Saker Aviation operates under Airports Air Services classification in the United States and is traded on OTC Exchange. It employs 21 people. Saker Aviation Services [SKAS] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Saker Aviation Services Leadership Team

Elected by the shareholders, the Saker Aviation's board of directors comprises two types of representatives: Saker Aviation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Saker. The board's role is to monitor Saker Aviation's management team and ensure that shareholders' interests are well served. Saker Aviation'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, Saker Aviation's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brian Sr, FBO Mang
Alvin Trenk, CEO, Director, Member of Compensation Committee and Member of Nominating Committee
James Zoller, FBO Controller
Judy Smulowitz, HR Mang
Ronald Ricciardi, President, Principal Financial Officer, Principal Accounting Officer, Director, Member of Audit Committee and Member of Nominating Committee
Samuel Goldstein, Pres, CEO
William Wachtel, Chairman of the Board
Roy Moskowitz, Director
Mark Raab, Co Controller
Marc Chodock, Director

Saker 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 Saker Aviation 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.

Currently Active Assets on Macroaxis

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Please note, there is a significant difference between Saker Aviation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saker Aviation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saker Aviation'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.