Thus, as a backdrop for this upcoming speech and continuing a much deserved tribute to Bernanke's key role in helping the US avoid a Deep, Prolonged Financial Depression, I think it would be helpful to update just what has been going on with Stock Market Prices for Companies in each US State since March 6, 2009, the lowest point for the overall US Stock Market resulting from the aftershocks of the horrific late 2008 US Financial Meltdown, through the most recent date March 19, 2015......a roughly six year period of time.
Long-term Audited Earnings From Continuing Operations Under US Generally Accepted Accounting Principles (GAAP) drive Long-Term Changes in Stock Market Prices. These Company Earnings crashed with the late 2008 US Financial Meltdown and thus the linked Stock Market Prices of the related Companies also crashed.
But since the 2008 US Financial Meltdown, these Earnings have been consistently exceptional and thus the Stock Market Prices of the related Companies have also consistently exploded upwardly in the past six years.
This is the dilemma faced by the current US Fed ..... raise US interest rates or continue former US Fed Chair Ben Bernanke's economic policies which have continued to spur Company Earnings and thus also Company Stock Market Prices.
I think the current US Fed should tweak Bernanke's economic policies some to try to more effectively deal with income and wealth inequality, but why in the world would you want to alter them significantly since they have been so incredibly successful?
And the US Congress, and frankly also US Companies, just have to do a much better job addressing income and wealth inequality.
Colorado's many Oil & Gas Companies had their stock market prices collapse in the most recent 4 1/2 months. This was precisely the same thing that occurred in the States of Texas, Oklahoma, Louisiana, and Utah. When doing the stock pricing of all Oil & Gas Companies in all of these States, it was very ugly.
On the positive side, the Colorado Non-Oil & Gas Companies had their stock prices generally perform exceptionally well in the most recent 4 1/2 months.
Altogether, 10 of the 59 Colorado Companies had more than Ten-Bag stock market price appreciation in the past 6 years.
Below here are the 59 Colorado Headquartered Companies with Stock Market Caps now above $100 mil and which have had their common stocks trading from December 31, 2007, or early in 2008 for companies first going public then, through the most recent date March 19, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014.
| Market | Market | Market | ||||||
| Price | Price | Price | ||||||
| % | % | % | ||||||
| Change | Change | Change | ||||||
| Market | Market | Market | 3-6-09 | 12-31-07 | 12-31-07 | |||
| Colorado Company | HQs | Price | Price | Price | to | to | to | |
| 3-19-15 | 3-6-09 | 12-31-07 | 3-19-15 | 3-6-09 | 3-19-15 | |||
| $ | $ | $ | $ | $ | $ | |||
| Kodiak Oil & Gas | Denver | CO | 6.56 | 0.22 | 2.20 | 2882% | -90% | 198% |
| Allied Motion Technologies | Englewood | CO | 31.23 | 1.29 | 4.65 | 2325% | -72% | 572% |
| Liberty Media Corp Series B | Englewood | CO | 39.21 | 1.74 | 40.92 | 2154% | -96% | -4% |
| Innospec Inc | Littleton | CO | 44.04 | 3.04 | 17.16 | 1349% | -82% | 157% |
| Chipotle Mexican Grill | Denver | CO | 680.67 | 49.19 | 147.07 | 1284% | -67% | 363% |
| Spectranetics | Colorado Springs | CO | 35.99 | 2.70 | 15.33 | 1233% | -82% | 135% |
| Liberty Global | Englewood | CO | 52.55 | 4.48 | 13.63 | 1072% | -67% | 286% |
| Liberty Interactive | Englewood | CO | 29.23 | 2.50 | 19.08 | 1069% | -87% | 53% |
| Dot Hill Systems | Longmont | CO | 4.99 | 0.43 | 2.43 | 1063% | -82% | 105% |
| Advanced Emissions Solutions | Highland Ranch | CO | 17.63 | 1.57 | 3.79 | 1027% | -59% | 366% |
| Air Methods | Englewood | CO | 48.82 | 4.67 | 16.56 | 946% | -72% | 195% |
| Crocs Inc | Niwot | CO | 11.93 | 1.19 | 36.81 | 903% | -97% | -68% |
| Penford Corp | Centennial | CO | 18.98 | 2.21 | 25.59 | 759% | -91% | -26% |
| Apartment Investment & Management | Denver | CO | 40.05 | 4.94 | 29.11 | 711% | -83% | 38% |
| Dish Network | Englewood | CO | 74.38 | 9.27 | 33.95 | 702% | -73% | 119% |
| Red Robin Gourmet Burgers | Greenwood Village | CO | 84.62 | 12.13 | 31.99 | 598% | -62% | 165% |
| Cimarex Energy Co | Denver | CO | 107.23 | 15.92 | 42.53 | 574% | -63% | 152% |
| MarkWest Energy Partners LP | Denver | CO | 60.81 | 9.16 | 33.78 | 564% | -73% | 80% |
| TW Telecom | Littleton | CO | 42.78 | 6.80 | 20.29 | 529% | -66% | 111% |
| Vail Resorts | Broomfield | CO | 99.00 | 16.08 | 53.81 | 516% | -70% | 84% |
| Woodward | Fort Collins | CO | 49.93 | 9.08 | 33.98 | 450% | -73% | 47% |
| PDC Energy Inc | Denver | CO | 51.86 | 10.11 | 59.13 | 413% | -83% | -12% |
| Level 3 Communications | Broomfield | CO | 54.67 | 10.88 | 45.60 | 403% | -76% | 20% |
| Evolving Systems | Englewood | CO | 8.79 | 1.84 | 5.96 | 378% | -69% | 47% |
| UDR Inc | Highlands Ranch | CO | 34.25 | 7.23 | 19.85 | 374% | -64% | 73% |
| Advanced Energy Industries | Ft Collins | CO | 26.07 | 5.66 | 13.08 | 361% | -57% | 99% |
| Mesa Laboratories | Lakewood | CO | 75.40 | 18.01 | 25.00 | 319% | -28% | 202% |
| Arrow Electronics | Englewood | CO | 62.07 | 15.59 | 39.28 | 298% | -60% | 58% |
| Whiting Petroleum | Denver | CO | 40.07 | 10.07 | 28.83 | 298% | -65% | 39% |
| Janus Capital Group | Denver | CO | 17.09 | 4.34 | 32.85 | 294% | -87% | -48% |
| SM Energy Co | Denver | CO | 45.21 | 11.63 | 38.61 | 289% | -70% | 17% |
| Century Casinos | Colorado Springs | CO | 5.51 | 1.42 | 6.44 | 288% | -78% | -14% |
| Ball Corp | Broomfield | CO | 70.57 | 18.62 | 22.50 | 279% | -17% | 214% |
| DCP Midstream Partners LP | Denver | CO | 37.76 | 10.09 | 45.95 | 274% | -78% | -18% |
| DaVita HealthCare Partners | Denver | CO | 81.44 | 22.86 | 28.18 | 256% | -19% | 189% |
| Einstein Noah Restaurant Group | Lakewood | CO | 20.23 | 5.77 | 18.15 | 251% | -68% | 11% |
| EchoStar | Englewood | CO | 51.01 | 14.69 | 18.83 | 247% | -22% | 171% |
| StarTek | Denver | CO | 7.62 | 2.30 | 9.31 | 231% | -75% | -18% |
| DCT Industrial Trust | Denver | CO | 34.92 | 10.56 | 37.24 | 231% | -72% | -6% |
| IHS Inc | Englewood | CO | 117.51 | 37.00 | 60.56 | 218% | -39% | 94% |
| Array BioPharma | Boulder | CO | 8.09 | 2.60 | 8.42 | 211% | -69% | -4% |
| Gaiam Inc | Louisville | CO | 7.45 | 2.57 | 29.68 | 190% | -91% | -75% |
| TeleTech Holdings | Englewood Cliffs | CO | 24.71 | 8.66 | 21.27 | 185% | -59% | 16% |
| CoBiz Financial | Denver | CO | 11.90 | 4.23 | 14.87 | 181% | -72% | -20% |
| Dynamic Materials | Boulder | CO | 14.01 | 5.23 | 58.90 | 168% | -91% | -76% |
| CSG Systems | Englewood | CO | 30.00 | 13.32 | 14.72 | 125% | -10% | 104% |
| Guaranty Bancorp | Denver | CO | 17.00 | 7.75 | 28.90 | 119% | -73% | -41% |
| Molson Coors Brewing | Denver | CO | 73.15 | 34.10 | 51.62 | 115% | -34% | 42% |
| Transmontaigne Partners LP | Denver | CO | 31.91 | 15.11 | 28.39 | 111% | -47% | 12% |
| Western Union | Englewood | CO | 19.25 | 10.43 | 24.28 | 85% | -57% | -21% |
| Ciber | Greenwood Village | CO | 4.01 | 2.20 | 6.11 | 82% | -64% | -34% |
| Ascent Capital Group | Greenwood Village | CO | 40.14 | 23.76 | 33.95 | 69% | -30% | 18% |
| Royal Gold Inc | Denver | CO | 66.26 | 40.15 | 30.52 | 65% | 32% | 117% |
| National CineMedia | Centennial | CO | 14.99 | 12.00 | 25.21 | 25% | -52% | -41% |
| MDC Holdings | Denver | CO | 26.73 | 23.47 | 37.13 | 14% | -37% | -28% |
| Intrepid Potash | Denver | CO | 10.94 | 14.49 | 50.40 | -24% | -71% | -78% |
| Newmont Mining | Greenwood Village | CO | 22.82 | 38.90 | 48.83 | -41% | -20% | -53% |
| Bill Barrett Corp | Denver | CO | 9.08 | 17.74 | 41.87 | -49% | -58% | -78% |
| Thompson Creek Metals | Denver | CO | 1.39 | 2.92 | 17.11 | -52% | -83% | -92% |
| Average % Change all 59 | 508% | -63% | 66% |
