Tuesday, October 30, 2012

Colorado Smallest Public Companies With Incredibly Robust Stock Market Gains Since President Obama Took Office

In my two recent posts on Colorado Largest Corps, from an extensive review of SEC filings, I found a very impressive number of 82 Corps headquartered in the clearly highly 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.

In one of these earlier posts, I 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 massive $13.9 bil as compared with 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 82 Largest Corps 2011 Earnings 

Since corporate earnings drive stock prices, in one of these earlier posts on Colorado Largest Corps, I addressed 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 on October 10, 2012.

These 58 Colorado Corps had an average stock market price increase of a very impressive 179% since President Obama took office on January 20, 2009.  This is way more than double 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 same time span.

Colorado 58 Largest Corp Stock Prices Up An Average 179% Since President Obama Took Office 

So that's clearly fantastic, but what about the even smaller Colorado Publicly-held Companies.....that is, one's with Ongoing, Core Pretax Income or Loss below $10 mil in each of the most recent three fiscal years?

I did a quick review of SEC filings, and there aren't a huge number of these smallest Colorado Corps, which had their common stock trading both presently and on January 16, 2009.  I did find some with a smaller stock market price increase, but I found 17 of these Smallest Colorado Public Companies which experienced very robust stock market appreciation during the Obama Administration.

These 17 Smallest Colorado Public Companies had an average stock market price increase of an exceptional 274% during the Obama Administration.  It should be pointed out that mathematically the highest stock market increases should be much higher for the Largest Corps, since these largest companies have unlimited earnings growth potential, whereas the smallest companies have to have their earnings within a range of plus or minus $10 mil.  But even with this mathematical constraint, these superb Colorado Smallest Public Companies still did just fantastically on the stock market appreciation front.  That's quite a feat, and speaks to the exceptionally strong entrepreneurial spirit of the entire State of Colorado.

Below here are the common stock market closing prices of each of these 17 Colorado Smallest Public Companies, with very robust stock price appreciation during the Obama Administration, on the most recent October 26, 2012 date, and also on the date just before President Obama took office, as well as the percentage stock market price changes for this period of time.

Market Market

Colorado Price Price Percentage

HQs 10-26-12 1-16-09 Increase
Colorado Smallest Public Companies

Kodiak Oil and Gas Denver $9.14 $0.40 2185%
American Eagle Energy Littleton $0.78 $0.18 333%
General Moly Lakewood $3.50 $0.90 289%
Midway Gold Englewood $1.66 $0.43 286%
Evolving Systems Englewood $6.55 $1.94 238%
Allied Motion Technologies Englewood $6.52 $2.07 215%
Bion Environmental Technologies Crestone $1.96 $0.64 206%
Heska Loveland $8.65 $3.10 179%
Vista Gold Littleton $3.34 $1.47 127%
Emerald Oil Denver $5.27 $2.38 121%
Golden Star Resources Littleton $2.09 $1.09 92%
Century Casinos Colorado Springs $2.89 $1.65 75%
Rocky Mountain Chocolate Factory Durango $10.55 $6.24 69%
Ramtrom International Colorado Springs $3.09 $1.83 69%
Corgenix Medical Corp Broomfield $0.13 $0.08 63%
Accelr8 Technology Denver $4.00 $2.49 61%
Birner Dental Management Services Denver $16.88 $11.57 46%

Average Increase: all 17 Colorado Smallest Public Companies


So, it's not just the largest Colorado Corps which experienced exceptionally strong stock market price appreciation during the Obama Administration.  There were also quite a few of the very smallest Colorado Corps which did likewise.  These across-the-board blow out stock market appreciation percentages, for both the largest and the smallest Colorado Publicly-Held Companies, are enough to give someone a Rocky Mountain High.