Tray Ivey - bmss.com · Tray Ivey Deshazo, LLC Executive Vice President 200 Kilsby Circle Bessemer,...
37
Transcript of Tray Ivey - bmss.com · Tray Ivey Deshazo, LLC Executive Vice President 200 Kilsby Circle Bessemer,...
Tray Ivey
Deshazo, LLC
Executive Vice President
200 Kilsby Circle
Bessemer, AL 35022
(205) 621-1217
2
• COVID-19 Outbreak at DESHAZO Facilities
• Significant Order Cancellations
• Government-Imposed Travel Restrictions
• Customer Facility Shutdowns/Lockdowns
3
RESPONSE:
• Employee Communication
• Hygiene Focus
• Workplace Protection
REALITY TO DATE:
• Zero confirmed COVID-19 cases company wide.
4
RESPONSE:
• Customer Communication
• Production Schedule Flexibility
REALITY TO DATE:
• Several small order cancellations
• One large project delayed indefinitely
• New order intake down 49% since March 11
5
RESPONSE:
• Customer Communication
• Essential Services Documentation
REALITY TO DATE:
• Only one instance of DESHAZO employee denied access by law
enforcement.
6
RESPONSE:
• Customer Communication
• Service Technician Flexibility
REALITY TO DATE:
• Extreme Variability: Regionally and between customers
• Technician recovered hours down 18% post March 11
7
OPTIMISM:
• Backlog Efficiency Improvement
• Customer Facility Access Stabilizing
• Long Lead Order Activity Returning
CAUTION:
• Workforce exposure to COVID-19
• Industry downturn (oil/gas/petro) outlasting pandemic
8
ELEVATED THINKING.
9
10
Alex Morton
iberiaBank
Birmingham Market President
2340 Woodcrest Place
Birmingham, AL 35209
(205) 803-5803
10
11
12
13Confidential. Please see the disclosures at the end of this presentation.
14Confidential. Please see the disclosures at the end of this presentation.
15Confidential. Please see the disclosures at the end of this presentation.
16Confidential. Please see the disclosures at the end of this presentation.
17
✓Purchasing Manager’s Indices
have fallen worldwide as the
coronavirus and lockdowns
undermine the global
economy. Readings above 50
signal positive economic
growth, while a reading below
50 signals a decline in
economic growth. These
indices are normally predictive
of future growth and are
suggesting global growth
contracts further in the coming
months.
Confidential. Please see the disclosures at the end of this presentation.
18
✓Credit spreads expanded quickly in March
and have narrowed some in April, but are still
wider than at the beginning of the year. Wider
spread indicates credit investors expect
weaker future growth and therefore higher
probability of default on credit securities.
✓The Price to Earnings (P/E) ratio has
recovered to a greater degree than corporate
credit. The P/E ratio is the price investor’s are
willing to pay per dollar of company earnings.
It also is indicative of investors’ expectations.
In general, investors willing to buy stocks at a
higher P/E suggest that they expect higher
future earnings growth in the future.
✓The market P/E is now higher than what it
was prior to the pandemic.
Confidential. Please see the disclosures at the end of this presentation.
19
➢Unemployment/Warn act layoffs
➢ Inventory/Backlog
20
Representative Holdings:
The investments presented are examples of the securities held, bought, and/or sold in IBERIA Wealth Advisors Portfolios during the last 30 days. These investments may not be representative of the current or
future investments of that portfolio. You should not assume that investments in the securities identified in this article were or will be profitable. We will furnish, upon your request, a list of all securities purchased,
sold, or held in the composite during the 12 months preceding the date of this article. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the
securities presented.
Performance:
Performance shown is for a model portfolio gross of management and transaction fees and reflects the inclusion of dividends received but not reinvested. These fees, and any others associated with the
administration of a client’s account, will reduce investment performance. For illustration purposes, a portfolio that earned 7% per year for ten years would experience a cumulative return of 96.7% before investment
management and fiduciary fees and 67.9% net of such fees, assuming a 37.5 basis point (0.375%) fee per quarter. Annual fees for managing fiduciary accounts are 1.5% on the first $500,000, 1.3% on the second
$500,000, 0.90% on the next million, 0.80% on the next million, and 0.70% on amounts over $3 million. Actual client fees charged will vary depending upon the asset value invested and services performed and
may be lower or higher than the account fee illustrated here. Performance results contained in the presentation are obtained by contemporaneous application of a model and do not reflect trading in actual client
accounts. Client portfolios or portions of a client portfolio are subscribed to the model, and generally, when changes are made to the model, the corresponding changes will be made to the client’s account.
However, deviations may occur. Factors impacting client returns include individual risk tolerance, restrictions a client may place on the account, investment objectives, choice of broker/dealers or custodians, as well
as other factors.
Views are as of the date above and are subject to change based on market conditions and other factors. This presentation is not an offer or solicitation to buy or sell securities. The information contained in this
presentation has been compiled from third party sources and is believed to be reliable, but its accuracy is not guaranteed and should not be relied upon in any way, whatsoever. IBERIA Wealth Advisors Portfolio
characteristics and holdings are subject to change at any time and are based on a representative model portfolio. Holdings and portfolio characteristics of individual client portfolios may differ, sometimes
significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities listed. Diversification and asset allocation
do not assure a profit nor protect against loss.
Portfolio characteristics presented throughout this presentation represent those of a model portfolio and not those of actual invested assets. Actual invested portfolios characteristics will differ from model
characteristics due to the timing of portfolio cash flows, transaction costs, fees, or other unique characteristics of individual client portfolios. Model characteristics are a function of the market environment. If this
environment were to materially change, model characteristics would reflect these changes. Model holding may change at any time. The percentages in the charts may not add to 100% due to rounding. The actual
return and value of an account may fluctuate and, at any time, the account may be worth more or less than the amount invested. Bond Investments are affected by interest rate changes and the creditworthiness of
the issues held in the portfolio. A rise in interest rates will cause a decrease in the value of fixed income positions.
Past performance results are not indicative of future results.
Investment Products: • Not FDIC Insured • Not a Bank Deposit • Not Insured By Any Federal Government Agency • No Bank Guarantee • May Lose Value
21
22
Kyle T. Smith
Sirote
Attorney at Law
2311 Highland Avenue South
Birmingham, AL 35205
(205) 930-5190
22
23
• Providing a safe workplace for employees
• Limiting legal liability for injury claims from employees and others
• Compliance with applicable leave and anti-discrimination laws upon
return to work
24
• Comply with all applicable state and local health orders
• Alabama State Health Officer’s Amended Safer At Home Order
• Applicable local law, such as City of Birmingham Mask Ordinance
• Follow OSHA Guidance
• Follow CDC Recommendations
25
• Protections for Employees Effective May 11, 2020
• Maintaining 6 feet of separation between employees
• Regularly disinfecting frequently used items and surfaces
• Encouraging handwashing
• Preventing sick employees from coming into contact with others
• Facilitating remote working arrangements
• Minimizing employee travel
26
• No specific OSHA standard for COVID-19
• General Duty Clause—requires all employers to provide workplace free
from recognized hazards likely to cause death or serious physical harm
• Personal Protective Equipment Standards
• Employer responsible for cost
• Training required
• Cloth face covering not considered PPE
27
• Guidance on Preparing Workplaces for COVID-19
• Develop an infectious disease preparedness and response plan
• Implement basic infection prevention measures
• Policies and procedures for identification and isolation of sick people
• Implement workplace controls (Engineering, Administrative, Safe Work
Practices)
• Communicate about workplace flexibilities and protections
• Measures to adopt vary depending on the risk of worker exposure
28
29
• Interim Guidance for Businesses and Employers Responding to Coronavirus Disease
• Updated May 6, 2020 and includes information on:
• Conducting daily health checks
• Conducting hazard assessment of worksite
• Encouraging employees to wear cloth face coverings
• Implementing social distancing practices
• Improving building ventilation
• Table outlining engineering and administrative controls and PPE
30
31
• Workers’ Compensation Laws
• Accident that causes physical injury
• Occupational Disease
• Workers’ Compensation is a bar to personal injury tort claims
• Exception for co-employee claims based on willful conduct
• Workers’ Compensation bar does not apply to claims by non-employees
• Potential for federal and state legislation providing additional immunity
32
• Employers may not discriminate based on age, disability or other legally
protected class
• Employers must reasonably accommodate employees with disabilities
• Age (without disability) does not require accommodation
33
• EEOC has issued guidance to employers regarding legally compliant
procedures
• Health information requests
• Temperature checks
• COVID-19 tests/anti-body tests
• Confidentiality of information
• Reasonable accommodation based on disability/religion
34
• Family Medical Leave Act (FMLA)
• Families First Coronavirus Response Act (FFCRA)
• Employers with less than 500 employees
• Emergency paid sick leave (up to 80 hours)
• Expanded family and medical leave (up to 12 weeks)
• Employer reimbursed through tax credits
• Must post notice to employees
35No representation is made that the quality of legal services to be performed is greater than the quality of legal services provided by other lawyers.
© 2015 Sirote & Permutt, P.C. All Rights Reserved. 35
36
Mayor Thomas “Tommy” Battle, Jr.
City of Huntsville
The 67th Mayor of the City of Huntsville
City Hall, 8th Floor
308 Fountain Circle
Huntsville, AL 35801
(256) 427-5000
36
To ask a question, please use the Q&A Button at the bottom of your Zoom screen or
email us at [email protected].
Kyle Smith
Sirote
(205) 930-5190
Tray Ivey
DESHAZO, LLC
(205) 621-1217
Alex Morton
iberiaBank
(205) 803-5803
Mayor Thomas “Tommy” Battle, Jr.
City of Huntsville
(256) 427-5000
37
CPE certificates will be emailed 1-2 weeks after each event. Please note, they will be sent via email
so you must be individually registered with an email address to receive your certificate.
