Friday, March 14, 2014

Colorado IPOs During Obama: 16 Companies Up 74% Over 21 Month Average Period

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there were 16 Colorado Companies filing IPOs so far during the Obama Administration .....from Jan 2009 through Feb 2014..... which have a Market Capitalization of more than $100 mil presently or were sold for at least that amount.
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.  The superb Yahoo Finance website was also utilized heavily.

These 16 Colorado Companies had their average stock market price increase by a phenomenal 74% over a very short 21 month average period of time that their common stocks traded through the most recent date March 13, 2014.

The main driver of this 74% average stock price growth was Clovis Oncology, a Biotechnology Company which registered a massive 549% stock market price growth for the short 28 months from when it went public through March 13, 2014.

Altogether there were 3 Colorado Companies filing IPOs which had their stock market prices more than double from IPO first day closing price to March 13, 2014.

Noodles & Company's below modest 5% stock price growth is a bit misleading.  It went public on June 28, 2013 with a $18.00 Offering Price.  Its opening trade on that same date was $32.00, 78% above its Offering Price.  On the other hand, the 5% stock price growth I am conservatively showing below compares the current March 13, 2014 stock price of $38.52 with the June 28, 2013 first day closing market price of $36.75, not with the $18.00 Offering Price and not with the $32.00 Opening Trade Price.

I know these two guys who run Noodles.....Kevin Reddy and Keith Kinsey.....very well, especially Kinsey.  I worked with them for many years with McDonald's Corp.  I don't think you will find any Company top twosome in the Restaurant Industry who can top them.... they can flat out execute.  They both also played very instrumental roles in the success of Chipotle Mexican Grill.  The only thing I don't like about them is why they haven't yet opened a Noodles in Evansville, IN.  We need some of that great healthy Noodles food.  We are rated one of the most obese cities in the country. 

Below here are the stock market prices on the most recent date March 13, 2014 or the date the Company was sold and also at the close on the first day of the IPO, as well as the related % Market Price Change for this period of time, for these 16 Colorado Companies:

1st Day

3-13-14 IPO %

Stock Closing Market

Market Market Price
Date Company HQs Sector Industry Price Price Change

Colorado IPOs During Obama

11/16/11 Clovis Oncology  Boulder Healthcare Biotechnology $81.48 $12.56 549%
12/15/11 Bonanza Creek Energy  Denver Basic Materials Independent Oil & Gas $46.75 $13.61 243%
7/25/12 Natural Grocers by Vitamin Cottage   Lakewood Services Grocery Stores $41.69 $17.86 133%
9/23/10 CoreSite Realty  Denver Financial REIT-Office $30.45 $16.01 90%
10/26/12 WhiteWave Foods (The)  Denver Consumer Goods Food-Major Diversified $29.01 $16.75 73%
5/14/09 DigitalGlobal  Longmont Industrial Goods Aerospace/Defense $31.50 $21.50 47%
8/14/13 Envision Healthcare Holdings  Greenwood Village Health Care Long-Term Care Facilities $32.35 $25.15 29%
7/27/11 American Midstream Partners, LP  Denver Utilities Gas Utilities $25.53 $20.95 22%
1/31/14 Intrawest Resorts Holdings  Denver Services General Entertainment $14.04 $11.90 18%
10/2/13 RE/MAX Holdings  Denver Financial Property Management $31.39 $27.00 16%
10/10/13 Antero Resources  Denver Basic Materials Oil&Gas Drilling&Exploration $59.53 $52.01 14%
6/28/13 Noodles & Company  Broomfield Services Restaurants $38.52 $36.75 5%
9/20/12 National Bank Holdings Greenwood Village Financial Regional Banks $20.17 $19.60 3%
4/12/13 Rally Software Development  Boulder Technology Application Software $17.68 $17.81 -1%
8/9/13 QEP Midstream Partners, LP  Denver Basic Materials Oil & Gas Pipelines $22.07 $22.25 -1%
7/29/10 Molycorp  Greenwood Village Basic Materials Industrial Metals & Minerals $4.87 $12.85 -62%

Average % Change all 16


Average Number of Months 16 Stocks Traded 21