Saturday, October 11, 2014

Nevada Company 2013 Audited Earnings $2.0 Bil vs. 2008 Loss $5.6 Bil and Nevada Company Stock Market Prices Up 513% Since March 6, 2009

Since Nevada US Senator and Majority Leader Harry Reid is holding a Fundraiser in Las Vegas, Nevada on Monday October 13, 2014, which will also be attended by Hillary Clinton, I think it makes sense to research what has been going on with Nevada Company earnings, stock market prices and Initial Public Offerings during the Obama Administration.

I found 11 Nevada Headquartered Companies with Market Capitalizations now of at least $1 bil each and with annual audited financial statements filed with the SEC covering all years from 2008 to 2013.

The Total Audited 2013 Net Income from Continuing Operations of these 11 Nevada Companies was $2.0 bil as compared with a Total Audited Net Loss of $5.6 bil in the financial meltdown year of 2008, the last year of the George W Bush/Dick Cheney Presidency.

This phenomenally off-the-charts earnings recovery of a massive $7.6 bil for these 11 largest Nevada Companies from 2008 to the most recent 2013 occurred when Harry Reid was the US Senate Democratic Majority Leader, when Democrats controlled the US Senate, when President Obama was in office and when there were very effective US Fed Chairpersons.  

Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 11 Nevada Companies in 2013, 2012, 2011, 2009, 2008 and in 2007:


2013 2012 2011 2009 2008 2007



Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net


Recent Income Income Income Income Income Income


FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Nevada Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s









Las Vegas Sands Las Vegas Dec 13          2,955          1,882          1,883           (369)           (168)              117
Wynn Resorts Las Vegas Dec 13          1,004              729              825                39              210              196
AMERCO Reno Mar 14              342              265              205                66                13                68
International Game Technology Las Vegas Sep 13              273              250              292              149              342              508
PDL BioPharma Incline Village Dec 13              265              212              199              190              238              180
Bally Technologies Las Vegas Jun 14              100              140              101              110              120              100
Allegiant Travel Las Vegas Dec 13                92                78                49                76                35                32
MGM Resorts Las Vegas Dec 13                57        (1,617)          3,235        (1,292)           (855)          1,401
Diamond Resorts International  Las Vegas Dec 13                (3)                14                10              (21)                89
Pinnacle Entertainment Las Vegas Dec 13           (133)              (13)                29           (258)           (370)                 -  
Caesars Entertainment  Las Vegas Dec 13        (2,910)        (1,388)           (731)              846        (5,274)              542



                       
Total all 11

         2,042              552          6,097           (464)        (5,620)          3,144

Also, I found 19 Companies Headquartered in Nevada in Google or Yahoo's superb Finance websites with current Total Stock Market Capitalizations of at least $100 mil and which also had their common stocks trading on each of the following three dates:
  • On December 31, 2007 during President Bush's second term.....before the 2008 financial meltdown
  • On March 6, 2009, very early in President Obama's first term, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and 
  • also on the most recent date October 10, 2014
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 19 Nevada Companies had their equally-company-weighted average stock market prices decline by a massive 67% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the five years and seven months since March 6, 2009 through October 10, 2014, the equally-company-weighted average stock market prices of these same 19 Nevada Companies have increased by a spectacular 513%, especially impressive since there has been a stock market collapse in the most recent two weeks.
    
Below here are the stock market prices of each of these 19 Nevada Companies on October 10, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:





Market Market Market





Price Price Price





% % %





Change Change Change


Market Market Market 3-6-09 12-31-07 12-31-07


Price Price Price to to to
HQs 10-10-14 3-6-09 12-31-07 10-10-14 3-6-09 10-10-14


$s $s $s


Nevada Company






Las Vegas Sands Las Vegas           60.38             1.77         103.05 3311% -98% -41%
Wynn Resorts Las Vegas         176.71           15.40         112.13 1047% -86% 58%
AMERCO Reno         250.73           23.48           65.68 968% -64% 282%
MGM Resorts Las Vegas           20.76             1.99           84.02 943% -98% -75%
American Pacific Corp Las Vegas           46.47             4.59           17.05 912% -73% 173%
Bally Technologies Las Vegas           80.07           13.47           49.72 494% -73% 61%
Spectrum Pharmaceuticals Henderson             7.33             1.43             2.72 413% -47% 169%
Pinnacle Entertainment Las Vegas           22.34             5.40           23.56 314% -77% -5%
VirnetX Holding Zephyr Cove             4.09             1.15             5.88 256% -80% -30%
Allegiant Travel Las Vegas         109.02           33.44           32.14 226% 4% 239%
Monarch Casino & Resort Reno           11.32             3.80           24.08 198% -84% -53%
Boyd Gaming Las Vegas             9.07             3.10           34.07 193% -91% -73%
Global Cash Access Holdings Las Vegas             6.79             2.93             6.06 132% -52% 12%
Employers Holdings Reno           19.98             8.71           16.71 129% -48% 20%
International Game Technology Las Vegas           16.64             7.47           43.93 123% -83% -62%
Unwired Planet Reno             1.61             0.76             2.60 113% -71% -38%
PDL BioPharma Incline Village             7.56             6.27           12.46 21% -50% -39%
Paramount Gold & Silver Corp Winnemucca             0.70             0.76             2.05 -8% -63% -66%
Allied Nevada Gold Reno             2.51             4.16             6.22 -40% -33% -60%








Average % Change all 19 Nevada



513% -67% 25%

Further, below here are the 2 large Nevada IPOs filed during the Obama Administration:







%








Market








Price






10-10-14
Change






Stock Initial From
IPO
City State

Market Offering Offering
Date Nevada IPOs During Obama HQs
Sector Industry Price Price Price





$ $









7/19/13 Diamond Resorts International  Las Vegas NV Services Lodging     21.68     14.00 55%
2/8/12 Caesars Entertainment  Las Vegas NV Services Resorts & Casinos        9.14        9.00 2%

Details to come.