John Kavanaugh - MFS High Independent Chairman of the Board of Trustees

CMU Stock  USD 3.24  0.02  0.62%   

Chairman

Mr. John P. Kavanaugh is Independent Trustee of the Company since January 2009. Mr. Kavanaugh has substantial executive, investment management, and board experience at firms within the investment management and mutual fund industry. He was the Chief Investment Officer of The Hanover Insurance Group, Inc., and the President and Chairman of Opus Investment Management, Inc., an investment adviser. Mr. Kavanaugh held research and portfolio management positions with Allmerica Financial and PruCapital, Inc. He is a Chartered Financial Analyst and currently serves on the board of the Independent Directors Council, a unit of the Investment Company Institute which serves the mutual fund independent director community. since 2017.
Age 65
Tenure 7 years
Address 111 Huntington Avenue, Boston, MA, United States, 02199
Phone617 954 5000
Webhttps://www.mfs.com/en-us/individual-investor/prod

MFS High Management Efficiency

The company has Return on Asset of 0.0256 % which means that on every $100 spent on assets, it made $0.0256 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0128 %, implying that it generated $0.0128 on every 100 dollars invested. MFS High's management efficiency ratios could be used to measure how well MFS High manages its routine affairs as well as how well it operates its assets and liabilities. At this time, MFS High's Return On Capital Employed is comparatively stable compared to the past year. Return On Equity is likely to gain to 0.03 in 2024, whereas Return On Tangible Assets are likely to drop 0.01 in 2024. Liabilities And Stockholders Equity is likely to gain to about 162.6 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 2.1 M in 2024.
The company has 59.97 M in debt with debt to equity (D/E) ratio of 0.64, which is OK given its current industry classification. MFS High Yield has a current ratio of 1.98, which is typical for the industry and considered as normal. Debt can assist MFS High until it has trouble settling it off, either with new capital or with free cash flow. So, MFS High'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 MFS High Yield sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MFS to invest in growth at high rates of return. When we think about MFS High's use of debt, we should always consider it together with cash and equity.

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MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. MFS High Yield Municipal Trust was founded in March 19, 1987 and is domiciled in the United States. Colonial Muni is traded on New York Stock Exchange in the United States. MFS High Yield (CMU) is traded on New York Stock Exchange in USA. It is located in 111 Huntington Avenue, Boston, MA, United States, 02199 and employs 41 people. MFS High is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

MFS High Yield Leadership Team

Elected by the shareholders, the MFS High's board of directors comprises two types of representatives: MFS High inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MFS. The board's role is to monitor MFS High's management team and ensure that shareholders' interests are well served. MFS High'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, MFS High's outside directors are responsible for providing unbiased perspectives on the board's policies.
J Sherratt, Independent Trustee
Robert Butler, Independent Trustee
James Kilman, Independent Trustee
David Gunning, Independent Chairman of the Board of Trustees
Amanda Mooradian, Assistant Secretary, Assistant Clerk
Susan Pereira, Assistant Secretary, Assistant Clerk
Laurie Thomsen, Independent Trustee
John Kavanaugh, Independent Chairman of the Board of Trustees
Robert Uek, Independent Trustee
Mark Polebaum, Secretary, Clerk
Robert Manning, Trustee
Maryanne Roepke, Independent Trustee
Clarence Otis, Independent Trustee
Christopher Bohane, Assistant Secretary, Assistant Clerk
Matthew Stowe, Assistant Secretary, Assistant Clerk
William Gutow, Independent Trustee
Peter Jones, Independent Trustee
Robyn Griffin, Assistant Independent Chief Compliance Officer
Ethan Corey, Assistant Secretary, Assistant Clerk
James Yost, Deputy Treasurer
Kenneth Paek, Assistant Treasurer
Steven Buller, Independent Trustee
Michael Hegarty, Independent Trustee
Susan Newton, Assistant Secretary, Assistant Clerk
Frank Tarantino, Independent Chief Compliance Officer
Thomas Connors, VP, Sr. Counsel, Assistant Secretary and Assistant Clerk
David DiLorenzo, Treasurer
Brian Langenfeld, Assistant Secretary, Assistant Clerk
Maureen Goldfarb, Independent Trustee
Michael Roberge, Trustee
Heidi Hardin, Secretary, Clerk
Kasey Philips, Assistant Treasurer
Kasey Phillips, Assistant Treasurer
Robin Stelmach, President, Trustee
John Clark, Assistant Treasurer
Richard Weitzel, Assistant Secretary, Assistant Clerk
Kino Clark, Assistant Treasurer
Martin Wolin, Chief Compliance Officer
Maureen Newman, Portfolio Manager
John Caroselli, Independent Trustee
John Corcoran, President

MFS 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 MFS High 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 MFS High 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, MFS High's short interest history, or implied volatility extrapolated from MFS High options trading.

Pair Trading with MFS High

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 MFS High 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 MFS High will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to MFS High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MFS High 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 MFS High - 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 MFS High Yield to buy it.
The correlation of MFS High 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 MFS High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS High Yield 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 MFS High 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
When determining whether MFS High Yield is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if MFS Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mfs High Yield Stock. Highlighted below are key reports to facilitate an investment decision about Mfs High Yield Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MFS High Yield. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for MFS Stock analysis

When running MFS High's price analysis, check to measure MFS High'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 MFS High is operating at the current time. Most of MFS High's value examination focuses on studying past and present price action to predict the probability of MFS High's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MFS High's price. Additionally, you may evaluate how the addition of MFS High to your portfolios can decrease your overall portfolio volatility.
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Is MFS High's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MFS High. If investors know MFS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MFS High listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.83)
Dividend Share
0.136
Earnings Share
0.07
Revenue Per Share
0.324
Quarterly Revenue Growth
0.036
The market value of MFS High Yield is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS High's value that differs from its market value or its book value, called intrinsic value, which is MFS High's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MFS High's market value can be influenced by many factors that don't directly affect MFS High's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MFS High's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS High'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.