In this past recent post, I also found that these 82 Largest Colorado Corps filing with the SEC had Audited under US Generally Accepted Accounting Principles (US GAAP) Total After-tax Net Income of $10.0 bil in the most recent fiscal year 2011, which was a profit improvement of a huge $13.9 bil, or of an off-the-charts 351%, above the $3.9 bil of After-tax Net Loss generated by these same 82 Colorado companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.
Colorado Corp 2011 Earnings
Since corporate earnings drive stock prices, in this post I turn my attention to just how well the stock market prices of these Colorado Corps have performed since President Obama took office.
Of these 82 Colorado Corps, 58 of them had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on yesterday's date, Wednesday, October 10, 2012.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 58 Colorado Corps had an average stock market price increase of an incredibly high 179% since President Obama took office on January 20, 2009. This is far better than the increase in both the S&P 500 Index, which increased by 69%, and the Dow Industrials Index, which increased by 61%, both during the identical time span.
So what this means in simplistic terms is that if you invested the same amount of money.....say $1,000.....in the common stock of each of these 58 Colorado companies at the closing market price on January 16, 2009, this would have cost you initially $58,000, ignoring any transaction costs, and this stock portfolio would now be worth $161,820. Whew!
And these 58 Colorado Corps also had a very robust median stock market price increase of 101% since President Obama took office.
The many financially savvy Colorado citizens already had this all figured out. They probably just didn't previously have the precise average percentage increases tied down.
Colorado citizens have to be extremely happy with the stock market performance of their many superb Colorado companies during the Obama Administration.
And Colorado citizens also must be very pleased with how the Obama Administration worked so hard and very effectively on so many fronts to create a US economic environment that permitted these Colorado companies to flat out flourish. This highly successful effort created a robust US economic environment which was quite a change from what existed in the horrible financial meltdown, near Depression year of 2008.
When I think of the Obama Administration, the thought that comes top of mind is whole-scale competence. But frankly, it's also pretty clear to me that the Obama Administration is just not very good at selling its many accomplishments, particularly on the economic front. After all, playing a very helpful role in turning a stock portfolio of 58 Colorado companies from $58,000 to $161,820 in only 3 3/4 years is clearly something you want to write home about.
About the only thing I hear from the Obama Administration on the economic front is the positive effect on the US economy of the Auto Rescue. Granted, this did positively and substantially impact Michigan, Ohio, Indiana and some other states. But the Auto Rescue had nothing to do with Colorado Corps 179% average stock price increase during the Obama Administration, nor with Florida Corps 137% average stock price increase. There is something else very positive going on in the US economy since President Obama has taken over, and the Obama Administration has very modestly taken no credit for it. But when you think of the overall US economy in 2008 and now, there is clearly a substantial turnaround that has occurred, and the Obama Administration played a key role here in this massive economic revival from the depths of a near Depression.
Below here are the common stock market closing prices of each of these 58 Colorado companies at both the most recent date, and also at the date just before President Obama took office, as well as the percentage stock market price changes for this period of time.
| Market | Market | Percentage | ||
| Colorado | Price | Price | Increase | |
| HQs | 10-10-12 | 1-16-09 | (Decrease) | |
| S&P 500 Index | 1,432.56 | 850.12 | 69% | |
| Dow Industrials Index | 13,344.97 | 8,281.22 | 61% | |
| Companies Headquartered in Colorado | ||||
| Liberty Media | Englewood | 108.2400 | 5.4800 | 1875% |
| Croc's | Niwot | 15.7000 | 1.4000 | 1021% |
| MarkWest Energy Partners | Denver | 54.4700 | 7.4900 | 627% |
| Innospec | Littleton | 33.3900 | 5.3600 | 523% |
| Liberty Interactive | Englewood | 18.9500 | 3.1500 | 502% |
| Berry Petroleum | Denver | 39.2100 | 6.7900 | 477% |
| Air Methods | Englewood | 108.3000 | 19.2200 | 463% |
| Chipotle Mexican Grill | Denver | 286.6200 | 53.0500 | 440% |
| Discovery Communications | Englewood | 59.9100 | 14.7600 | 306% |
| ADA-ES Inc | Highlands Ranch | 22.1600 | 5.5900 | 296% |
| DCP Midstream Partners | Denver | 46.5900 | 11.8500 | 293% |
| Liberty Global | Englewood | 60.2800 | 17.9500 | 236% |
| tw telecom | Littleton | 26.7700 | 8.4800 | 216% |
| SM Energy | Denver | 53.1600 | 18.2800 | 191% |
| Einstein Noah Restaurant Group | Lakewood | 17.7500 | 6.1300 | 190% |
| Whiting Petroleum | Denver | 46.2700 | 16.0600 | 188% |
| Red Robin Gourmet Burgers | Greenwood Village | 31.7100 | 11.4600 | 177% |
| Mesa Laboratories | Lakewood | 48.6100 | 18.5000 | 163% |
| DISH Network | Englewood | 32.2800 | 12.3400 | 162% |
| Apartment Investment & Management | Denver | 25.8100 | 10.5400 | 145% |
| Cimarex Energy | Denver | 59.4100 | 24.4800 | 143% |
| Vail Resorts | Broomfield | 57.4800 | 24.5400 | 134% |
| DaVita | Denver | 109.5600 | 48.1700 | 127% |
| Ascent Capital Group | Englewood | 56.3900 | 25.0900 | 125% |
| Teletech Holdings | Englewood | 17.1400 | 7.7100 | 122% |
| Royal Gold | Denver | 95.2600 | 43.5700 | 119% |
| TransMontaigne Partners LP | Denver | 36.4900 | 16.9200 | 116% |
| Ball Corp | Broomfield | 41.5500 | 19.6200 | 112% |
| EchoStar | Englewood | 30.3000 | 14.8400 | 104% |
| IHS | Englewood | 89.6200 | 45.3800 | 97% |
| UDR Inc | Highlands Ranch | 24.4700 | 12.4200 | 97% |
| National CineMedia | Centennial | 16.3000 | 9.2000 | 77% |
| Arrow Electronics | Englewood | 32.7200 | 19.2900 | 70% |
| Dot Hill Systems | Longmont | 0.9811 | 0.5805 | 69% |
| PDC Energy | Denver | 33.5900 | 20.0000 | 68% |
| Woodward | Denver | 32.8600 | 21.3300 | 54% |
| CSG Systems International | Englewood | 22.3500 | 15.0100 | 49% |
| DCT Industrial Trust | Denver | 6.4000 | 4.3200 | 48% |
| Newmont Mining | Greenwood Village | 54.8500 | 37.8300 | 45% |
| Array BioPharma | Boulder | 5.1550 | 3.7200 | 39% |
| Janus Capital Group | Denver | 9.1000 | 6.6200 | 37% |
| Magellan Petroleum | Denver | 0.8700 | 0.6600 | 32% |
| Advanced Energy Industries | Ft Collins | 11.9000 | 9.1300 | 30% |
| Guaranty Bancorp | Denver | 2.0000 | 1.6200 | 23% |
| Level 3 Communications | Broomfield | 21.7700 | 17.7000 | 23% |
| MDC Holdings | Denver | 39.2800 | 32.1600 | 22% |
| Western Union | Englewood | 17.9800 | 14.7400 | 22% |
| Bill Barrett Corp | Denver | 24.8800 | 20.4200 | 22% |
| Molson Coors Brewing | Denver | 44.1700 | 42.1900 | 5% |
| Intrepid Potash | Denver | 20.4500 | 20.0000 | 2% |
| Resolute Energy | Denver | 8.7400 | 9.1500 | -4% |
| Cobiz Financial | Denver | 7.3200 | 7.8500 | -7% |
| Dynamic Materials | Boulder | 14.5900 | 16.6800 | -13% |
| Penford | Centennial | 7.5100 | 8.7400 | -14% |
| Forest Oil | Denver | 8.6100 | 10.4295 | -17% |
| BioFuel Energy | Denver | 6.2700 | 9.2000 | -32% |
| StarTek | Denver | 2.9100 | 4.5500 | -36% |
| Thompson Creek Metals | Littleton | 2.5200 | 4.4700 | -44% |
| Average Increase: all 58 Colorado Corps | 179% | |||
| Median Increase: all 58 Colorado Corps | 101% | |||
| S&P 500 Index | 1,432.56 | 850.12 | 69% | |
| Dow Industrials Index | 13,344.97 | 8,281.22 | 61% |
It should be pointed out that the above earlier period stock price of Biofuel Energy has been adjusted to reflect the effect of a one-for-twenty reverse stock split and of Level 3 Communications has been adjusted to reflect the effect of a one-for-fifteen reverse stock split.
OK, so that is four of the US Battleground States down, and a handful yet to go. So let's see.....here's the average stock market price increases during the Obama Administration for these four.....Ohio Corps up 161%, Florida Corps up 137%, Virginia Corps up 97%, and now Colorado Corps up 179%.....all substantially higher than the overall stock market increases over the same period. Next up.....Michigan.
