Michael Schaffer - Psychemedics VP of Laboratory Operations

VP

Dr. Michael I. Schaffer is Vice President Laboratory Operations of Psychemedics Corporationrationration, since 1999. From 1990 to 1999, he served as Director of Toxicology, Technical Manager and Responsible Person for the Leesburg, Florida laboratory of SmithKline Beecham Clinical Laboratories. From 1976 to 1990 he served as the Chief Toxicologist at the Cook County Medical Examiners office in Chicago, Illinois. From 1990 to 1999, he was also a member of the Board of Directors of the American Board of Forensic Toxicologists. Dr. Schaffer has served as an inspector for the Substance Abuse and Mental Health Services Administrations National Laboratory Certification Program since 1989. Dr. Schaffer has also served as an inspector for the College of American Pathologists since 1990 . since 1999.
Age 79
Tenure 26 years
Professional MarksPh.D
Phone800 527 7424
Webhttps://www.psychemedics.com
Schaffer was an inspector for the Substance Abuse and Mental Health Services Administration’s National Laboratory Certification Program since 1989.

Michael Schaffer Latest Insider Activity

Tracking and analyzing the buying and selling activities of Michael Schaffer against Psychemedics pink sheet is an integral part of due diligence when investing in Psychemedics. Michael Schaffer insider activity provides valuable insight into whether Psychemedics is net buyers or sellers over its current business cycle. Note, Psychemedics insiders must abide by specific rules, including filing SEC forms every time they buy or sell Psychemedics'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Psychemedics Management Efficiency

The company has Return on Asset of (0.1624) % which means that on every $100 spent on assets, it lost $0.1624. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.6133) %, meaning that it generated no profit with money invested by stockholders. Psychemedics' management efficiency ratios could be used to measure how well Psychemedics manages its routine affairs as well as how well it operates its assets and liabilities.
Psychemedics has 2.3 M in debt with debt to equity (D/E) ratio of 0.36, which is OK given its current industry classification. Psychemedics has a current ratio of 2.02, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Psychemedics until it has trouble settling it off, either with new capital or with free cash flow. So, Psychemedics' 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 Psychemedics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Psychemedics to invest in growth at high rates of return. When we think about Psychemedics' use of debt, we should always consider it together with cash and equity.

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Psychemedics Corporation provides testing services for the detection of drugs of abuse through the analysis of hair samples in the United States, Brazil, and internationally. Psychemedics Corporation was incorporated in 1986 and is headquartered in Acton, Massachusetts. Psychemedics operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 1 people. Psychemedics [PMD] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Psychemedics Leadership Team

Elected by the shareholders, the Psychemedics' board of directors comprises two types of representatives: Psychemedics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Psychemedics. The board's role is to monitor Psychemedics' management team and ensure that shareholders' interests are well served. Psychemedics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Psychemedics' outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Weisenhoff, Principal Manager
Raymond Kubacki, Chairman, CEO and Pres
Charles IV, Ex VP
Shannon Shoemaker, Chief Officer
Michael Schaffer, VP of Laboratory Operations
Werner Baumgartner, Founder
Annette Baumgartner, Founder
Sarah Ashby, VP Counsel
Patrick Kinney, Secretary
Brian Hullinger, CEO President
Daniella Mehalik, Vice Finance

Psychemedics Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Psychemedics 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.

Also Currently Popular

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Other Consideration for investing in Psychemedics Pink Sheet

If you are still planning to invest in Psychemedics 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 Psychemedics' history and understand the potential risks before investing.
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