Joseph Beranek - Tri Continental Executive

TY Stock  USD 29.65  0.13  0.44%   

Executive

Mr. Joseph Beranek is the Chief Accounting Officer, Principal Accounting Officer, Treasurer. He was the Vice President Mutual Fund Accounting and Financial Reporting, Columbia Management Investment Advisers, LLC, since December 2018 and March 2017, respectively since 2020.
Age 54
Tenure 4 years
Address 290 Congress Street, Boston, MA, United States, 02210
Phone800 225 2365
Webhttps://www.columbiathreadneedleus.com

Tri Continental Management Efficiency

The company has Return on Asset (ROA) of 0.0221 % which means that for every $100 of assets, it generated a profit of $0.0221. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1505 %, which means that it produced $0.1505 on every 100 dollars invested by current stockholders. Tri Continental's management efficiency ratios could be used to measure how well Tri Continental manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to rise to 0.15 in 2024, whereas Return On Tangible Assets are likely to drop 0.13 in 2024. Other Assets is likely to rise to about 1.8 B in 2024, whereas Total Assets are likely to drop slightly above 1.7 B in 2024.
The company reports 189.55 K of total liabilities. Tri Continental Closed has a current ratio of 1.43, which is generally considered normal. Debt can assist Tri Continental until it has trouble settling it off, either with new capital or with free cash flow. So, Tri Continental'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 Tri Continental Closed sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Tri to invest in growth at high rates of return. When we think about Tri Continental's use of debt, we should always consider it together with cash and equity.

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Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States. Tri Continental is traded on New York Stock Exchange in the United States. Tri Continental Closed (TY) is traded on New York Stock Exchange in USA. It is located in 290 Congress Street, Boston, MA, United States, 02210 and employs 37 people. Tri Continental is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Tri Continental Closed Leadership Team

Elected by the shareholders, the Tri Continental's board of directors comprises two types of representatives: Tri Continental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tri. The board's role is to monitor Tri Continental's management team and ensure that shareholders' interests are well served. Tri Continental'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, Tri Continental's outside directors are responsible for providing unbiased perspectives on the board's policies.
Colin AIIMR, Global VP
Sandra Yeager, Independent Director
Leroy Richie, Independent Director
CFA CFA, Portfolio Manager
Catherine Paglia, Independent Chairman of the Board
Alison TauntonRigby, Independent Director
Daniel Beckman, Senior Vice President
Peter Albanese, Portfolio Manager
Paul Pearson, Vice President Assistant Treasurer
CAIA CFA, Portfolio Mang
Michael Clarke, Chief Financial Officer, Senior Vice President, Principal Financial Officer
Patricia Flynn, Independent Director
William Hawkins, Director
William Truscott, Senior Vice President, Director
Lyn KephartStrong, Vice President
Kevin Connaughton, President
Ryan Larrenaga, Senior Vice President, Chief Legal Officer, Secretary
George Batejan, Independent Director
Kathleen Blatz, Independent Director
Michael DeFao, Vice President Assistant Secretary
Joseph Beranek, Principal Financial Officer, Chief Accounting Officer, Treasurer, Principal Accounting Officer
Colin Moore, Senior Vice President
Paul Goucher, Senior Vice President, Assistant Secretary
Stephen Welsh, Vice President
William Carmichael, Chairman of the Board
Minor Shaw, Independent Director
Joseph DiMaria, Chief Accounting Officer and VP
Mickel Shaw, Director
Amy Johnson, Vice President
Scott Plummer, Chief Legal Officer, Senior Vice President Assistant Secretary
Christopher Petersen, President, Principal Executive Officer, Director
Brian Gallagher, Independent Director
Thomas McGuire, Senior Vice President, Chief Compliance Officer
Anthony Santomero, Independent Director
Edward Boudreau, Independent Director
Pamela Carlton, Independent Director
Yan Jin, Portfolio Manager

Tri 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 Tri Continental 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

When determining whether Tri Continental Closed offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tri Continental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tri Continental Closed Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tri Continental Closed Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tri Continental Closed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running Tri Continental's price analysis, check to measure Tri Continental'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 Tri Continental is operating at the current time. Most of Tri Continental's value examination focuses on studying past and present price action to predict the probability of Tri Continental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tri Continental's price. Additionally, you may evaluate how the addition of Tri Continental to your portfolios can decrease your overall portfolio volatility.
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Is Tri Continental'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 Tri Continental. If investors know Tri 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 Tri Continental 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
3.8
Dividend Share
1.114
Earnings Share
4.78
Revenue Per Share
1.281
Quarterly Revenue Growth
0.011
The market value of Tri Continental Closed is measured differently than its book value, which is the value of Tri that is recorded on the company's balance sheet. Investors also form their own opinion of Tri Continental's value that differs from its market value or its book value, called intrinsic value, which is Tri Continental'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 Tri Continental's market value can be influenced by many factors that don't directly affect Tri Continental'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 Tri Continental's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tri Continental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tri Continental'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.