Andrew Backman - HC2 Holdings Managing Director
Managing Director
Mr. Andrew G. Backman is no longer Managing Director Investor Relations and Public Relations of the Company, effective March 11, 2019. Mr. Backman, a Global Investor Relations and Public Relations executive with 20 years of financial and operational experience leading highprofile financial services, telecommunications, media and entertainment and commercial real estate finance organizations, is responsible for building and further expanding a leading Investor Relations and Public Relations platform to support HC2 Holdings and its domestic and international strategies. Prior to joining HC2, Mr. Backman served as Managing Director of Investor Relations and Public Relations for RCS Capital and AR Capital, now AR Global. Previously, Mr. Backman was Chief Executive Officer of InVision Investor Relations Inc., a New York based Investor Relations advisory firm he founded in 2011. From 2004 2010, Mr. Backman served as Senior Vice President, Investor Relations Marketing for iStar Financial. From 2000 to 2004, Mr. Backman served as Vice President, Investor Relations and Marketing Communications for Corvis Corporation Broadwing Communications, where he was responsible for leading the company through one of the most successful and highly publicized initial public offerings in history. Mr. Backman spent the first 10 years of his career at Lucent Technologies, Inc. and ATT Corporationration where he held various domestic and international positions within the Finance, Accounting, Investor Relations, Public Relations and Mergers and Acquisitions organizations since 2016.
| Tenure | 8 years |
| Phone | 212 235-2690 |
| Web | www.hc2.com |
HC2 Holdings Management Efficiency
The company has return on total asset (ROA) of 0.12 % which means that it generated a profit of $0.12 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (20.09) %, meaning that it created substantial loss on money invested by shareholders. HC2 Holdings' management efficiency ratios could be used to measure how well HC2 Holdings manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 589.2 M in liabilities with Debt to Equity (D/E) ratio of 1.37, which is about average as compared to similar companies. HC2 Holdings has a current ratio of 1.06, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist HC2 Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, HC2 Holdings' 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 HC2 Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for HC2 to invest in growth at high rates of return. When we think about HC2 Holdings' use of debt, we should always consider it together with cash and equity.
HC2 Holdings, Inc., through its subsidiaries, provides construction, insurance, life sciences, broadcasting, and other services in the United States, the United Kingdom, and internationally. HC2 Holdings, Inc. was founded in 1994 and is headquartered in New York, New York. Hc2 Holdings operates under Telecom Services classification in the United States and is traded on New York Stock Exchange. It employs 2803 people. HC2 Holdings (HCHC) is traded on New York Stock Exchange in USA and employs 2,803 people. Management Performance
| Return On Equity | -20.09 | |||
| Return On Asset | 0.12 |
HC2 Holdings Leadership Team
Elected by the shareholders, the HC2 Holdings' board of directors comprises two types of representatives: HC2 Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HC2. The board's role is to monitor HC2 Holdings' management team and ensure that shareholders' interests are well served. HC2 Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HC2 Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wayne Barr, President, Chief Executive Officer, Director | ||
| Philip Falcone, Chairman, CEO and Pres | ||
| Kenneth Courtis, Independent Director | ||
| Shelly Lombard, Independent Director | ||
| Robert Pons, Executive VP of Bus. Devel. and Director | ||
| Michael Gorzynski, Independent Director | ||
| Daniel Tseung, Director | ||
| Suzi Herbst, Chief Administrative Officer | ||
| Andrew Backman, Managing Director - Investor Relations and Public Relations | ||
| Keith Hladek, COO | ||
| Warren Gfeller, Interim Non-Executive Chairman of the Board | ||
| Robert Leffler, Director | ||
| Michael Sena, Chief Financial Officer | ||
| Paul Voigt, Sr. Managing Director of Investments | ||
| Lee Hillman, Independent Director | ||
| Avram Glazer, Independent Chairman of the Board | ||
| Andrea Mancuso, Acting General Counsel and Corporate Secretary | ||
| Paul Robinson, Chief Legal Officer and Corporate Secretary | ||
| Joseph Ferraro, Chief Legal Officer and Corporate Secretary |
HC2 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 HC2 Holdings 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 | -20.09 | |||
| Return On Asset | 0.12 | |||
| Profit Margin | 0.37 % | |||
| Operating Margin | 1.22 % | |||
| Current Valuation | 903.65 M | |||
| Shares Outstanding | 77.61 M | |||
| Shares Owned By Insiders | 37.50 % | |||
| Shares Owned By Institutions | 41.56 % | |||
| Number Of Shares Shorted | 3.36 M | |||
| Price To Earning | 1.07 X |
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 HC2 Holdings 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, HC2 Holdings' short interest history, or implied volatility extrapolated from HC2 Holdings options trading.
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Other Consideration for investing in HC2 Stock
If you are still planning to invest in HC2 Holdings 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 HC2 Holdings' history and understand the potential risks before investing.
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