Thursday, October 11, 2012

Colorado Corp Stock Prices Up an Average 179% Since President Obama Took Office

In a recent post, from an extensive review of SEC filings, I found a very impressive number of 82 Corps headquartered in the entrepreneurial mecca State of Colorado, which generated Core, Ongoing Pretax Income or Pretax Loss of at least $10 mil each in any of the most recent three fiscal years, and which also had earnings numbers disclosed for each of the five most recent years.

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 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, 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

Median Increase:  all 58 Colorado Corps


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'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.