Eric Bisson - Goodfellow Vice Quebec

GDL Stock  CAD 13.17  0.06  0.46%   

Executive

Eric Bisson is Vice Quebec of Goodfellow
Address 225 Goodfellow Street, Delson, QC, Canada, J5B 1V5
Phone450 635 6511
Webhttps://www.goodfellowinc.com

Goodfellow Management Efficiency

The company has return on total asset (ROA) of 0.0455 % which means that it generated a profit of $0.0455 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0661 %, meaning that it generated $0.0661 on every $100 dollars invested by stockholders. Goodfellow's management efficiency ratios could be used to measure how well Goodfellow manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Goodfellow's Return On Tangible Assets are very stable compared to the past year. As of the 28th of December 2024, Return On Assets is likely to grow to 0.04, while Return On Capital Employed is likely to drop 0.07. At this time, Goodfellow's Asset Turnover is very stable compared to the past year.
Goodfellow has accumulated 13.23 M in total debt with debt to equity ratio (D/E) of 60.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Goodfellow has a current ratio of 1.64, which is within standard range for the sector. Debt can assist Goodfellow until it has trouble settling it off, either with new capital or with free cash flow. So, Goodfellow'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 Goodfellow sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Goodfellow to invest in growth at high rates of return. When we think about Goodfellow's use of debt, we should always consider it together with cash and equity.

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Goodfellow Inc. engages in the wholesale distribution of lumber products, building materials, and hardwood flooring products to the retail trade, industrial, and manufacturing sectors in Canada and the United States. Goodfellow Inc. was incorporated in 1972 and is headquartered in Delson, Canada. GOODFELLOW INC operates under Lumber Wood Production classification in Canada and is traded on Toronto Stock Exchange. It employs 734 people. Goodfellow (GDL) is traded on Toronto Exchange in Canada and employs 687 people. Goodfellow is listed under Paper & Forest Products category by Fama And French industry classification.

Management Performance

Goodfellow Leadership Team

Elected by the shareholders, the Goodfellow's board of directors comprises two types of representatives: Goodfellow inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Goodfellow. The board's role is to monitor Goodfellow's management team and ensure that shareholders' interests are well served. Goodfellow'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, Goodfellow's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mary Lohmus, Executive VP and Sr. VP of Ontario and Western Canada
CPA CMA, CFO Secretary
Eric McNeely, Vice Flooring
Patrick Goodfellow, VP of Hardwood
Eric Bisson, Vice Quebec
Olivia Goodfellow, Secretary Board
David Warren, Vice President Atlantic
Luc Pothier, Vice President - Operations

Goodfellow 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 Goodfellow 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.

Pair Trading with Goodfellow

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

Moving together with Goodfellow Stock

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Moving against Goodfellow Stock

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  0.71CRM SalesforceCom CDRPairCorr
The ability to find closely correlated positions to Goodfellow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfellow 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 Goodfellow - 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 Goodfellow to buy it.
The correlation of Goodfellow 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 Goodfellow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfellow 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 Goodfellow 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

Other Information on Investing in Goodfellow Stock

Goodfellow financial ratios help investors to determine whether Goodfellow Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goodfellow with respect to the benefits of owning Goodfellow security.