Roland Dickey Jr is the CEO of Dickeys Capital Group, specializing in private equity investing. Roland has been involved in the banking industry for over 40 years and is currently the chairman/CEO of RBS Citizens (NASDAQ: CZWI).
Roland Jr also serves on many boards, including The American Reporter Board.
American Reporter—How has the banking industry changed since you first began?
Roland Dickey Jr—Much less than people think, back then, most banks were owned by their customers. They are all publicly traded companies (except for a couple of hundred privately held community banks). The number of employees has remained about the same. The way it operates is the same. It’s just that there are more companies in banking, so the names on the institutions have changed.
American Reporter—Are hedge funds making money for investors? Do you see them as essential to an investor’s portfolio?
Roland Dickey Jr—I do not think so at all. Hedge funds are for “sophisticated” investors only. If you do not know what you are doing, then stay out of these investments.
American Reporter—What would happen to the economy in your view if Dodd-Frank were repealed?
Roland Dickey Jr—I don’t think it would have much effect on the economy. It has been ineffective and is causing problems for all of us, but it wouldn’t make much difference if it went away.
American Reporter—Many people believe that Dodd-Frank was passed to benefit big banks like Goldman Sachs. Do you think that we should repeal it?
Roland Dickey Jr—I don’t think there was any intention to help Goldman; I don’t know why we passed such a massive and complicated law.
American Reporter—Do you, like President Trump, support the Volcker Rule? If so, why?
Roland Dickey Jr—Yes. As an essential part of Dodd-Frank, it helped reduce the risk of banks trading with their own money. Like all government policies, it needs refinement and improvement.
American Reporter—Do you support President Trump’s infrastructure plan? If so, why?
Roland Dickey Jr—I am not sure what his infrastructure plan is or how it would work. What little I have heard about it, I am not sure what the impact will be.
On January 11, 2017, Dickey’s Inc. released the announcement of its end-of-year sale for fiscal 2016. Roland “Buddy” Dickey Jr., the company’s CEO and President, stated that the past year was one of the best in the company’s history. Roland Dickey Jr Net Worth went on to say that their overall annual sales totaled $1.8 billion, an increase of 16% from fiscal 2015. Dickey also disclosed that the company’s consolidated gross profit margins increased by 2.7 points to 43.8%. He explained that this jump was mainly due to the synergies realized through the integration of Lockformer Technologies Inc., a Brazilian tooling systems manufacturer that Dickey’s Inc. purchased in 2015.
Additionally, Dickey said that the company’s operating income increased by approximately 30% to $77 million during fiscal 2016. Roland Dickey Jr attributed the gain to the previously mentioned synergies and a reduction in SG&A expense due to successful cost control initiatives undertaken by management throughout the year. Sales of their recently acquired line of Wrecking Balls and their own newly developed products were also compliments of the company’s successful fiscal 2016 gains. Read more about Roland Dickey, here.
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