Ian Tong - Taiga Building Executive Board

TBL Stock  CAD 3.80  0.04  1.06%   

Executive

Mr. Ian Tong is Director of the Taiga Building Products Ltd. Mr. Tong was a Finance Analyst at GE from 2011 to 2012. Mr. Tong is currently an Investment Analyst at UPP Holdings Ltd, an infrastructure company based in Singapore. In addition, he is the President and Founder of Axio Developments Ltd., a property development firm based in Canada
Age 37
Phone800 663 1470
Webhttps://www.taigabuilding.com
Tong received a Bachelor of Arts from Trinity Western University and a Masters in Management from Sauder School of Business at the University of British Columbia.

Taiga Building Management Efficiency

The company has return on total asset (ROA) of 0.0594 % which means that it generated a profit of $0.0594 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1181 %, meaning that it generated $0.1181 on every $100 dollars invested by stockholders. Taiga Building's management efficiency ratios could be used to measure how well Taiga Building manages its routine affairs as well as how well it operates its assets and liabilities.
Taiga Building Products has accumulated 239.14 M in total debt with debt to equity ratio (D/E) of 199.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Taiga Building Products has a current ratio of 1.46, which is within standard range for the sector. Debt can assist Taiga Building until it has trouble settling it off, either with new capital or with free cash flow. So, Taiga Building'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 Taiga Building Products sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Taiga to invest in growth at high rates of return. When we think about Taiga Building's use of debt, we should always consider it together with cash and equity.

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Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. As of September 29, 2018, Taiga Building Products Ltd. operates as a subsidiary of Avarga Limited. TAIGA BUILDING operates under Home Improvement Stores classification in Canada and is traded on Toronto Stock Exchange. It employs 574 people. Taiga Building Products (TBL) is traded on Toronto Exchange in Canada and employs 597 people.

Management Performance

Taiga Building Products Leadership Team

Elected by the shareholders, the Taiga Building's board of directors comprises two types of representatives: Taiga Building inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Taiga. The board's role is to monitor Taiga Building's management team and ensure that shareholders' interests are well served. Taiga Building'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, Taiga Building's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Sivucha, Chief Officer
Kooi Tong, Chairman of the Board
Ian Tong, Executive Board
Russell Permann, President CEO
Mark SchneidereitHsu, CFO, Vice President - Finance and Administration, Secretary
Trent Balog, Consultant Director

Taiga 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 Taiga Building 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 Taiga Building

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

Moving against Taiga Stock

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

Taiga Building financial ratios help investors to determine whether Taiga 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 Taiga with respect to the benefits of owning Taiga Building security.