Friday, July 29, 2016

During the Obama Administration, the 2,934 Largest US Companies With Market Caps Above $200 Mil Generated Total Audited US GAAP Earnings of $916.7 Bil in 2015, Up $935.3 Bil From the Total Losses of $18.6 Bil in 2008, the Year Before Obama Took Office..... This Is Why the US Stock Market Has Been at an All-Time High in Most of the Past Two Weeks, Why US Job Creation Has Been Consistently Very Robust and Thus Why the US Unemployment Rate Has Declined By More Than Half Since 2009 ..... The Total Earnings of US Companies Improved More During the Obama Administration Than Under Any Other US Presidency and by a Long Shot ..... But to be Fair, 2015 Total Earnings of These 2,934 US Companies Were Down 20% From 2014, Due Mainly to the 1,957 US Companies With Market Caps of $200 Mil to $3 Bil, the Smallest of these 2,934 US Companies, Generating Total Losses of $15.673 Bil in 2015, Down 119% or $100 Bil From Their Total Earnings of $84.207 Bil in 2014 ...... I Think It's Pretty Clear Why Donald Trump Is Now Making Major Inroads With Executives, Employees and Stockholders of Middle-sized and Smaller US Companies ..... He Thinks He Can Improve the Financial Status of These Struggling Smaller Companies Which Have Been Forgotten By the US Congress, Whose Focus Has Been on Helping Only the Very Largest, Most Profitable US Companies ..... When Real US GAAP Earnings, Which Most CEOs Base Their Decisions On, Drop in 2014 and Drop So Precipitously in Both 2015 and in the First Half of 2016, Business Investment Drops, GDP Growth Stagnates and Many Higher-Paying Jobs Disappear

From a review of the fine Google Finance Website and of company financial statements in the US SEC website, I found the 2,934 largest Companies headquartered in the US with Stock Market Capitalizations now of more than $200 Mil.

As you can see in the below chart, the Total US GAAP Audited Earnings of these largest US Companies dropped massively by 103% from 2007 to 2008, which was the US financial meltdown year and also the last year of the Bush/Cheney Presidency.  Then, these Total Earnings increased by an almost unbelievable 2,117% (yeah, that's up 21 Times) in 2009 over 2008 and increased by an additional 113% in 2010 over 2009, thereby much more than recouping in only two years the total earnings decline resulting from the disastrous 2008 financial meltdown.

The Democrats were in control of both the US House and US Senate in both 2009 and 2010 when this miraculous earnings recovery occurred ..... from Total Company Losses in 2008 of $18.614 Bil to Total Company Earnings in 2009 of $375.419 Bil and in 2010 of $798.614 Bil.

But on the downside, 2015 Total Earnings of these 2,934 largest US Companies were down 20% from 2014.  While the 113 Companies with Market Caps above $40 Bil generated 2015 Total Earnings which declined by only 0.1% from 2014, the 1,957 middle-sized and smaller of these US Companies, those with Market Cap Ranges from $200 Mil to $3 Bil, generated 2015 Total Losses of $15.673 Bil which were down 119% from 2014 Total Earnings of $84.207 Bil (yeah, that's a Total Earnings Decline in only one year of $100 Bil).

These above real US GAAP earnings numbers tell you that there is something seriously unfair with the US economy and points to why Income Inequality Expansion is such a serious problem in the US.  When Total Real Audited US GAAP Earnings drop so precipitously, CEOs drop their business investment budgets, US Real GDP Growth stagnates and many higher-paying US jobs disappear. 

Nearly all of the US House Republicans and also the Big Corporatist Democratic Wing in the US Senate, which now comprises a clear majority of US Senate Democrats, have both focused much more on the success of the very largest, most profitable US Companies than they have on the success of the middle-sized and smaller US C Corp Companies.  This Big Corporatist Democratic Wing is led by New York Senator Chuck Schumer and includes among others Virginia Senators Mark Warner and Tim Kaine, New Jersey Senators Bob Menendez and Cory Booker, Minnesota Senators Amy Klobachur and Al Franken and California Senators Dianne Feinstein and Barbara Boxer.  These US States are HQs to many very large, highly profitable Corporations that have been very effective in having their US State Senators consistently taking actions which economically benefited them, nothing more so than the PATH Act of 2015.  

As contrasted with the US Congress overwhelmingly being focused on the success of the very largest, powerful Corporations which ends up Expanding Income Inequality, they should be doing just the opposite and focusing more on improving the middle-sized and smaller US Companies which ends up Narrowing Income Inequality.

I think the single smartest initiative here is to allow, on a prospective basis, a current US Federal Income Tax Cash Benefit in the same year a Tax Loss is generated.  This would be so economically explosive to the majority of US Companies that I think it would yield US real annual GDP growth above 4% for many years.  And such a broad-based economic approach will Narrow Income Inequality significantly.  

First, below here are the total reported Audited US GAAP Earnings (Losses) From Continuing Operations of these 2,934 largest US Companies for all years where consistent earnings amounts were reported from 2007 through 2015 and the Annual Earnings Percentage Change from the prior year, with the Total Earnings amounts broken down by Company Stock Market Capitalization Range.  Look particularly at how the 2015 Total Earnings Percentage Declines from 2014 are so incredibly precipitous and on such an accelerated basis in each of the smaller market cap ranges below $3 Bil:


2015 2014 2013 2012 2011 2010 2009 2008 2007


US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP


Audited Audited Audited Audited Audited Audited Audited Audited Audited


Net Net Net Net Net Net Net Net Net
# of Income Income Income Income Income Income Income Income Income
Company Market Cap Range Companies (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils











Above $40 Bil 113   646,812     647,485     678,815   590,929   594,543   507,526   341,877   163,115   373,271
$30-40 Bil 37     56,327       69,062       52,892     40,872     46,630     38,726     27,332     10,971     44,619
$20-30 Bil 86     61,336       87,215       92,080     71,735     85,234     61,015     29,726     20,906     63,825
$10-20 Bil 180     67,550     110,192     107,529     87,041     90,470     75,685     34,094   (12,248)     50,945
$5-10 Bil 285     74,330     104,741     102,157     83,358     65,700     67,061     34,103   (30,363)     48,293
$3-5 Bil 276     25,994       39,502       43,012     37,251     28,626     32,726       9,488     (5,790)     21,146
$2-3 Bil 308     11,380       42,827     107,064     36,876       1,284       3,393   (75,462)   (64,054)     13,018
$1-2 Bil 522       2,088       31,939       70,086     34,277     15,124       3,397   (19,246)   (74,092)       8,331
$700 Mil-$1 Bil 236     (4,383)         8,551         8,021       4,529       4,609       4,155          159     (7,158)       3,125
$600-700 Mil 116     (1,485)            602            895          747       1,232       1,018        (405)     (1,681)            18
$500-600 Mil 117        (252)            982            385          612          503          214        (355)     (2,730)          657
$400-500 Mil 165     (4,295)           (326)         2,546       3,764       2,022       1,644            63     (1,848)     (1,647)
$300-400 Mil 208     (4,364)            163         1,026        (444)       1,396       1,870     (2,062)     (7,495)        (645)
$200-300 Mil 285   (14,363)           (531)           (254)     (2,365)     (1,072)          184     (3,891)     (6,148)     (1,738)
Totals (All Above $200 Mil) 2934   916,676  1,142,404  1,266,255   989,182   936,301   798,614   375,419   (18,614)   623,218











Annual Earnings % Change vs Prior Year









Above $40 Bil 113 -0.1% -5% 15% -1% 17% 48% 110% -56%
$30-40 Bil 37 -18% 31% 29% -12% 20% 42% 149% -75%
$20-30 Bil 86 -30% -5% 28% -16% 40% 105% 42% -67%
$10-20 Bil 180 -39% 2% 24% -4% 20% 122% 378% -124%
$5-10 Bil 285 -29% 3% 23% 27% -2% 97% 212% -163%
$3-5 Bil 276 -34% -8% 15% 30% -13% 245% 264% -127%
$2-3 Bil 308 -73% -60% 190% 2772% -62% 104% -18% -592%
$1-2 Bil 522 -93% -54% 104% 127% 345% 118% 74% -989%
$700 Mil-$1 Bil 236 -151% 7% 77% -2% 11% 2518% 102% -329%
$600-700 Mil 116 -347% -33% 20% -39% 21% 351% 76% -9397%
$500-600 Mil 117 -126% 155% -37% 22% 134% 160% 87% -515%
$400-500 Mil 165 -1219% -113% -32% 86% 23% 2506% -103% -12%
$300-400 Mil 208 -2772% -84% 331% -132% -25% 191% 72% -1062%
$200-300 Mil 285 -2604% -109% 89% -121% -684% 105% 37% -254%
Totals (All Above $200 Mil) 2934 -20% -10% 28% 6% 17% 113% 2117% -103%











2015 Total Earnings  % Above 









….. 2008 Total Earnings
5025%





….. 2007 Total Earnings
47%





























All Mkt Caps of $200 Mil to $3 Bil       1,957   (15,673)       84,207    





….. Total Earnings Decline 2015 vs 2014
-119%







In my most recent posts, I have shown the US GAAP Audited Earnings (Losses) for each of the 2,649 largest US Companies with stock market capitalizations of above $300 Mil.  Thus, below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of the 285 US Companies with recent stock market caps of $200 Mil-300 Mil, for all years in which consistent earnings amounts were available from 2007 through 2015, with all companies presented in recent Stock Market Cap order:




2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net
City State 2015 Income Income Income Income Income Income Income Income Income
Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils













Sequenom Inc San Diego CA Dec15          (16)          (14)        (110)        (117)          (80)        (126)          (71)          (44)          (22)
BFC Financial Corp Fort Lauderdale FL Dec15          141            27            71            44            (8)        (145)          (93)        (319)        (243)
Cachet Financial Solutions Minneapolis MN Dec15          (18)          (16)          (14)          (13)




La Jolla Pharmaceutical Co San Diego CA Dec15          (42)          (21)          (18)            (8)          (12)            (4)            (9)          (63)          (53)
Beazer Homes USA Inc Atlanta GA Sep15          347            35          (32)        (136)        (200)          (30)        (173)        (779)        (346)
Olympic Steel Inc Bedford Heights OH Dec15          (27)          (19)              8              2            25              2          (61)            68            25
Fluidigm South San Francisco CA Dec15          (53)          (53)          (17)          (19)          (32)          (17)          (19)          (29)          (25)
Cocrystal Pharma Inc Tucker GA Dec15          (50)            (0)            (4)            (8)            (5)            (0)


Golden Entertainment Las Vegas NV Dec15            25          (25)            19              3            (2)          (14)              4          (78)            (9)
BBX Capital Corp Fort Lauderdale FL Dec15            24              4            48          (28)          (60)        (133)        (190)        (219)          (30)
San Juan Basin Royalty Trust Fort Worth TX Dec15            17            60            36            33            67            78            30          143          113
Foresight Energy LP St Louis MO Dec15          (39)          141            11          126            82            50            14            44          (35)
LeMaitre Vascular Inc Burlington MA Dec15              8              4              3              3              2              6              2            (3)            (3)
Orchids Paper Products Pryor OK Dec15            14              9            13              9              6              6            14              5              3
Federated National Holding Co Sunrise FL Dec15            40            37            13              4            (0)            (8)          (10)            (2)            21
InVitae San Francisco CA Dec15          (90)          (47)          (25)            (9)




Collegium Pharmaceuticals Canton MA Dec15          (27)          (18)          (16)





Gold Resource Corp Colorado Springs CO Dec15              3            15              5            28            60          (23)          (34)          (26)            (8)
Ultra Petroleum Corp Houston TX Dec15     (3,207)          543          238     (2,177)          453          464        (451)          414          180
ConforMIS Bedford Heights MA Dec15          (57)          (46)          (48)          (48)




BioSpecifics Technologies Lynbrook NY Dec15              9              5              5              3              7            (2)            (2)              4            (5)
Digi Intl Inc Minnetonka MN Sep15              7              2              6              8            11              9              4            12            20
NII Holdings Reston VA Dec15        (723)     (1,153)     (1,200)        (363)        (266)



Blue Bird Corp Fort Valley GA Sep15            15              3            54





RAIT Financial Trust Philadelphia PA Dec15            63        (290)        (285)        (168)          (38)          111        (440)        (617)        (436)
Spartan Motors Inc Charlotte MI Dec15          (17)              1            (6)            (2)              1              7            13            43            26
CARBO Ceramics Inc Houston TX Dec15        (110)            56            85          106          130            79            53            60            50
Azure Midstream Partners LP Dallas TX Dec15        (222)            (7)            (9)          (11)          (17)



Consolidated-Tomoka Land Co Daytona Beach FL Dec15              8              6              3              0            (6)            (1)              0              4            13
Weyco Group Inc Glendale WI Dec15            18            20            18            19            15            14            13            17            23
Journal Media Group Inc Milwaukee WI Dec15              3          (26)          (17)          (12)          (25)              5


Champion Industries Huntington WV Dec15            (1)            (1)              6          (15)              0            (1)            (2)

Lionbridge Technologies Inc Waltham MA Dec15            14              8            12            11              2            (1)            (4)        (119)            (4)
Peoples Financial Services Corp Scranton PA Dec15            18            18              6              5              3              5              5              3              5
REIS Inc New York NY Dec15              8              5            18              8              5              0              1              3            (1)
Advaxis Inc Princeton NJ Oct15          (47)          (17)          (20)          (12)            (8)          (11)              1            (5)            (2)
Alliance Fiber Optic Products Inc Sunnyvale CA Dec15            13            15            19            10              4              6              1              4              3
Heritage-Crystal Clean Inc Elgin IL Dec15              1            (7)              5              2              1              3              2            (1)              7
WashingtonFirst Bankshares Inc Reston VA Dec15            12              9              6              2              3              2              1              1              0
BioCryst Pharmaceuticals Durham NC Dec15          (43)          (45)          (30)          (39)          (57)          (34)          (13)          (25)          (29)
Caladrius Biosciences New York NY Dec15          (81)          (55)          (39)          (36)          (35)          (26)


Daktronics Inc Brookings SD Apr30              2            21            22            23              8            14            (7)            26            26
Pacific Continental Corp Eugene OR Dec15            19            16            14            13              5              5            (5)            13            13
PennyMac Financial Services Inc Moorpark CA Dec15          248          196          172          118            15            33            21

TechTarget Inc Newton MA Dec15              7              4            (2)              4              5            (1)            (5)              2              7
Boot Barn Holdings Inc Irvine CA Mar16            10            14              6              1            (5)            (1)


TICC Capital Corp Greenwich CT Dec15          (66)            (3)            59            68            14            64            35          (53)          (12)
Johnson Outdoors Inc Racine WI Sep15            11              9            19            10            33              7          (10)          (68)            11
Jive Software Inc Palo Alto CA Dec15          (35)          (56)          (75)          (47)          (51)          (28)            (5)          (11)            (4)
Pope Resources A Delaware LP Poulsbo WA Dec15              8            32            12            (7)              9              1            (1)              0            15
Bassett Furniture Industries Inc Bassett VA Nov15            20              9              5            27            55            (2)          (23)          (40)          (10)
Paratek Pharmaceuticals Boston MA Dec15          (71)          (18)            (5)





America's Car-Mart Inc Bentonville AR Apr16            12            29            21            32            33            28            27            18            15
Heska Corp Loveland CO Dec15              6              2            (1)              1              2              0              2            (1)            35
RadNet Inc Los Angeles CA Dec15              9              1              2            60              7          (13)            (2)          (13)          (18)
Trecora Resources Sugar Land TX Dec15            19            16            19            10            14              2              7          (11)              8
California Republic Bancorp Irvine CA Dec15            12            12              5              8            (2)              2            (3)            (3)            (0)
Edge Therapeutics Berkeley Heights NJ Dec15          (28)          (12)            (7)            (5)            (3)



Enterprise Bancorp Lowell MA Dec15            16            15            14            12            11            11              8              6            10
Heritage Oaks Bancorp Paso Robles CA Dec15            15              9            11            13              8          (18)            (7)              2              7
Bill Barrett Denver CO Dec15        (488)            15        (193)              1            31            81            50          105            27
Applied Genetic Technologies Alachua FL Jun15          (24)          (16)            (5)            (2)




BioScrip Denver CO Dec15        (303)        (150)          (72)          (27)          (24)          (69)            54          (74)              3
Agilysys Inc Alpharetta GA Mar16            (4)          (11)            (3)            (6)          (37)          (24)            (8)        (179)          (13)
Del Taco Restaurants Lake Forest CA Dec15              5            (9)            (7)            (8)




LSB Industries Inc Oklahoma City OK Dec15          (35)            20            55            59            84            30            22            37            47
Clearfield Brooklyn Park MN Sep15              5              5              5              8              6              1              4              1            (1)
NVE Corp Eden Prairie MN Mar16            12            14            11            12            11            13            12            10              7
CPI Card Group Littleton CO Dec15            31            16            11              9




Hornbeck Offshore Services Inc Covington LA Dec15            67            88            64            35            (4)            35            50          116            91
Karyopharm Therapeutics Newton MA Dec15        (118)          (76)          (34)          (16)          (10)



Aratana Therapeutics Inc Leawood KS Dec15          (84)          (39)            (7)          (12)            (3)            (7)


Natural Resource Partners LP Houston TX Dec15        (572)          109          172          213            54          154          114          170          102
STAAR Surgical Co Monrovia CA Dec15            (7)            (8)              0            (2)              1            (4)            (7)          (25)          (17)
Hingham Institution for Savings Hingham MA Dec15            19            22            13            13            12            10              8              6              4
Mobileiron Mountain View CA Dec15          (84)          (62)          (32)          (47)          (26)



Pacific Ethanol Inc Sacramento CA Dec15          (19)            26            (1)          (43)            (4)            69        (309)        (199)          (14)
Hovnanian Enterptises Inc Red Bank NJ Oct15          (16)          307            31          (66)        (286)              3        (717)     (1,125)        (627)
Mattson Technology Freemont CA Dec15            10            10          (11)          (19)          (18)          (33)          (67)          (92)            28
NanoString Technologies Inc Seattle WA Dec15          (46)          (50)          (29)          (18)          (11)          (13)            (9)            (9)            (6)
Acacia Research Corp Newport Beach CA Dec15        (157)          (67)          (59)            59            22            37            (6)          (14)            (7)
Lee Enterprises Davenport IA Sep15            24              8          (76)          (13)        (145)            46        (180)        (871)            81
LSI Industries Inc Cincinnati OH Jun15              5              1            (0)              3            11              1          (13)          (13)            21
Container Store Group Inc Coppell TX Feb16              5            23              8            (0)          (31)          (45)            (4)        (143)
Great Lakes Dredge & Dock Corp Oak Brook IL Dec15            (6)            21            20              6            16            34            15              5              7
National Commerce Corp Birmingham AL Dec15            12              6              4              2              1



Enova Intl Inc Chicago IL Dec15            44          112            78            59            37            25            18            22            12
Hooker Furniture Corp Martinsville VA Jan16            16            13              8              9              5              3              3              7            20
Lumos Networks Corp Waynesboro VA Dec15            10            22            18            16          (44)            21            23            23            21
Concert Pharmaceuticals Lexington MA Dec15            24          (32)            (6)          (20)          (11)



Everyday Health Inc New York NY Dec15          (12)            13          (13)          (19)          (13)          (10)          (19)          (13)            (6)
Oil-Dri Corporation of America Chicago IL Jul15            11              8            15              6              9              9            10              9              8
Safeguard Scientifics Inc Radnor PA Dec15          (60)            (5)          (36)          (39)          111            27            67          (46)          (52)
CNB Financial Corp Clearfield PA Dec15            22            23            17            17            15            11              9              5              9
DURECT Corp Cupertino CA Dec15          (23)          (22)          (21)            16          (19)          (23)          (30)          (44)          (24)
Kratos Defense & Security Solutions Inc San Diego CA Dec15          (33)          (76)          (30)        (115)          (19)            15          (38)        (104)          (27)
Syros Pharmaceuticals Watertown MA Dec15          (30)          (13)            (9)





Sunedison Semiconductor Ltd St Peters MO Dec15        (137)          (90)          (58)          121        (558)



Citizens & Northern Corp Wellsboro PA Dec15            16            17            19            23            23            19          (39)            10            10
Panhandle Oil and Gas Inc Oklahoma City OK Sep15              9            25            14              7              8            11            (2)            22              6
American Science & Engineering Inc Billerica MA Mar16            (3)              1            15            17            21            43            36            28            17
Territorial Bancorp Inc Honolulu HI Dec15            15            14            15            15            13            11              9              7              6
Harmonic Inc San Jose CA Dec15          (16)          (46)            22          (16)              2          (12)          (32)            64            23
Bluerock Residential Growth REIT Inc New York NY Dec15              8            (7)            (4)              7            (4)            (2)            (0)

eHealth Inc Mountain View CA Dec15            (5)          (16)              2              7              7            17            15            14            32
Avid Technology Inc Burlington MA Dec15              2            15            21            47          162        (226)        (112)        (198)            (8)
Corvus Pharmaceuticals Burlingame CA Dec15          (31)            (0)






Mitek Systems Inc San Diego CA Sep15              3            (5)            (7)            (8)            (0)            (1)            (1)            (1)            (0)
Destination XL Group Inc Canton MA Jan16            (8)          (11)          (60)              8            45            17              6        (108)              4
Fidus Investment Corp Evanston IL Dec15            26            19            27            19            15              5            (2)              1            (1)
First Connecticut Bancorp Inc Farmington CT Dec15            13              9              4              4            (4)              5              1              2              5
Macatawa Bank Corp Holland MI Dec15            13            10            10            35              6          (18)          (64)          (39)              9
IDI Inc Boca Raton FL Dec15          (43)            (1)            (4)            (1)            (4)            (2)            (0)    
Esperion Therapeutics Ann Arbor MI Dec15          (50)          (36)          (26)          (12)          (11)



ImmunoGen Inc Waltham MA Jun15          (61)          (71)          (73)          (73)          (58)          (51)          (32)          (32)          (19)
Liquidity Services Inc Washington DC Sep15        (105)            30            41            48            21            15              8            11            11
Ames National Corp Ames IA Dec15            15            15            14            14            14            13              9              6            11
Limoneira Company Santa Paula CA Oct14              7              7              5              3              2              0            (3)              3              2
Ruby Tuesday Inc Maryville TN May15            (3)          (65)          (23)              4            50            45          (18)            26            92
Sigma Designs Inc Milpitas CA Jan16              0          (22)          (11)        (102)        (168)              9              2            26            70
Farmers National Banc Corp Canfield OH Dec15              8              9              8            10              9              9              6              6              6
Zero Gravity Solutions Boca Raton FL Dec15            (5)            (3)            (1)





Higher One Holdings Inc New Haven CT Dec15          (26)            12            11            34            32            25            14              6              2
Inotek Pharmaceuticals Lexington MA Dec15          (68)          (10)            (8)            (6)




BankFinancial Corporation Burr Ridge IL Dec15              9            41              3          (27)          (49)            (4)            (1)          (19)              7
Celadon Group Inc Indianapolis IN Jun15            37            31            27            26            15              4              2              7            22
CRA Intl Inc Boston MA Dec15              6            13            11          (53)            17              2              6              6            30
CSS Industries Inc Philadelphia PA Mar16            17            17            19            16            16            17          (19)            15            19
Miller Industries Inc Ooltewah TN Dec15            16            15              9              9            23            12              6              4            16
Preformed Line Products Company Cleveland OH Dec15              7            13            21            29            31            23            23            17            14
Alico Inc Fort Myers FL Sep15            16              9            20            18              7            (1)            (4)              6          (14)
Citi Trends Savannah GA Jan16            16              9              0            (2)          (10)            21            20            17            14
Sorrento Therapeutics Inc San Diego CA Dec15          (50)          (35)          (22)            (5)            (3)            (2)            (1)            (0)
Immunomedics Inc Morris Plains NJ Jun15          (48)          (36)          (11)              1          (14)            37              2          (23)          (17)
Neulion Inc Plainview NY Dec15            26              4            (2)          (10)          (14)          (17)          (20)          (12)
Parker Drilling Co Houston TX Dec15          (94)            24            27            37          (51)          (15)              9            23          103
Titan Machinery Inc West Fargo ND Jan16          (38)          (33)              8            43            44            22            16            18              5
Great Ajax Corp Beaverton OR Dec15            26              4






Hawaiian Telcom Holdco Inc Honolulu HI Dec15              1              8            10          110            26          (63)        (131)        (159)        (106)
Utah Medical Products Inc Midvale UT Dec15            12            11            11            10              7              6              6              7              8
Landmark Infrastructure Partners LP El Segundo CA Dec15            (0)              3              6





DXP Enterprises Inc Houston TX Dec15          (39)          (45)            60            51            31            19          (42)            26            17
Fox Chase Bancorp Inc Hatboro PA Dec15            10              8              6              5              5              3            (1)              1              2
Access National Corp Chantily VA Dec15            15            14            13            18            11              8            10              5              4
Nutraceutical Intl Corp Park City UT Sep15            15            16            17            16            16            16          (15)            12            13
Vanguard Natural Resources LLC Houston TX Dec15     (1,883)            64            60        (169)            88            22          (96)            (4)              3
Arctic Cat Inc Plymouth MN Mar16            (9)              5            39            40            30            13              2          (10)            (3)
Carolina Financial Corp Charleston SC Dec15            14              8            17            17            (1)          (13)              7

Gilat Satellite Networks Ltd McLean VA Dec15          (52)            (1)          (10)          (21)            (2)            38              2            (1)            10
Capital City Bank Group Inc Tallahassee FL Dec15              9              9              6              0              5            (0)            (3)            15            30
Medley Management New York NY Dec15            21            69            37            23




Orchid Island Capital Vero Beach FL Dec15              1            25            (1)              1            (1)



Bel Fuse Inc Jersey City NJ Dec15            19              9            16              2              4            14            (8)          (15)            26
Kirkland's Inc Brentwood TN Jan16            17            18            15            14            19            26            35              9          (26)
National Bankshares Inc Blacksburg VA Dec15            16            17            18            18            18            16            14            14            13
Pulse Evolution Port St. Lucie FL Dec15          (13)            (8)






Contango Oil & Gas Co Houston TX Dec15        (335)          (22)            41            (1)            70            47            56            83            (1)
First Bancorp Inc Damariscotta ME Dec15            16            15            13            13            12            12            13            14            13
Regional Management Corp Greenville SC Dec15            23            15            29            25            21            16            10              6              3
Sierra Bancorp Porterville CA Dec15            18            15            13              8              8              7              9            13            21
Vince Holding New York NY Jan16              5            36            23          (30)          (42)



Curis Lexington MA Dec15          (59)          (19)          (12)          (16)          (10)            (4)          (10)          (12)            (7)
Franklin Covey Co Salt Lake City UT Aug15            11            18            14              8              5            (1)          (11)              5              7
VirnetX Holding Corp Zephyr Cove NV Dec15          (29)          (10)          (28)          (27)          (17)            41          (13)          (12)            (9)
Malibu Boats Inc Loudon TN Jun15            23            (1)            18            11            (1)    


Monster Worldwide Inc Weston MA Dec15            13        (293)            (9)            45            46          (15)            19          114          150
PICO Holdings Inc La Jolla CA Dec15          (32)          (46)            (6)          (16)          (57)          (20)          (22)            28            (2)
Real Industry Inc Sherman Oaks CA Dec15          (32)            (0)          (14)            (7)          (10)          (25)          (18)          (40)        (103)
USMD Holdings Irving TX Dec15              8          (23)            11            14            (0)



Capitala Finance Charlotte NC Dec15            14            (3)            29





Northern Oil & Gas Inc Wayzata MN Dec15        (975)          164            53            72            41              7              3              2            (4)
Rightside Group Ltd Kirkland WA Dec15          (11)            (2)          (11)            (1)              4              3              3              7
Horizon Global Troy MI Dec15              8            15            10





Tandem Diabetes Care San Diego CA Dec15          (72)          (80)          (63)          (33)          (26)



ZAIS Group Holdings Red Bank NJ Dec15          (24)            74            49          181




Ignyta San Diego CA Dec15          (92)          (40)          (14)            (1)




Planet Payment Inc Long Beach NY Dec15            10              3              0            (4)              2            (3)            (4)          (11)          (13)
Amber Road Inc East Rutherford NJ Dec15          (28)          (27)          (14)            (2)            (5)            (4)


Ducommun Inc Carson CA Dec15          (73)            20            11            18          (49)            18            10            13            20
Gladstone Investment Corp McLean VA Mar16            25            50            (1)            17            22            16          (11)          (11)            (1)
Marlin Business Services Corp Mt Laurel NJ Dec15            16            19            16            12              6              6              1            (5)            18
Regenxbio Rockville MD Dec15          (23)            (4)            (5)





Superior Uniform Group Seminole FL Dec15            13            11              6              3              4              4              2              2              4
Zogenix Emeryville CA Dec15          (42)            61          (73)          (34)          (62)          (74)          (46)          (46)          (28)
American National BankShares Inc  Danville VA Dec15            15            13            16            16            12              8              7              8            11
Hill Intl Inc Philadelphia PA Dec15              8            (5)              5          (75)            (5)            15            20            19            14
Patriot National Fort Lauderdale FL Dec15            (5)            10            (6)              0




DSP Group Inc Los Altos CA Dec15              2              4              3            (8)          (16)            (7)            (8)        (212)            (5)
Old Second Bancorp Inc Aurora IL Dec15            15            10            82            (0)            (6)        (109)          (66)            12            24
Phoenix Companies Inc Hartford CT Dec15        (125)        (206)            30        (149)          (18)          (27)        (196)        (177)          113
West Marine Inc Watsonville CA Dec15              5              2              8            15            33            13            12          (39)          (50)
Addus Homecare Corp Downers Grove IL Dec15            11            12            11              9              8              4              4              4              0
Big 5 Sporting Goods Corp El Segundo CA Dec15            15            15            28            15            12            21            22            14            28
Medgenics Inc Wayne PA Dec15          (38)          (18)          (17)          (15)            (8)            (4)            (4)            (5)
Blueknight Energy Partners LP Oklahoma City OK Dec15              6            28            31            30            32          (25)          (17)            18          (13)
Capital Southwest Corp Dallas TX Mar16            (5)            53          112          108            93            78            74        (138)        (139)
Cambium Learning Group Inc Dallas TX Dec15            (1)          (10)          (14)        (133)          (49)          (16)          (36)          (70)          (26)
Rigel Pharmaceuticals Inc South San Francisco CA Dec15          (51)          (91)          (89)          (99)          (86)            38        (112)        (132)          (74)
Earthstone Energy The Woodlands TX Dec15        (117)          (29)          (20)          (53)          (47)          (30)


Intelsat SA McLean VA Dec15     (3,919)          237        (252)        (149)        (435)        (515)        (775)     (1,196)        (191)
Neff Corp Miami FL Dec15            40            16            40            18          (37)



RTI Surgical Alachua FL Dec15            15              3          (18)              8              8        (129)              6        (100)            (2)
USB Partners LP Houston TX Dec15            18            (8)            (2)              1




Ameresco Inc Framingham MA Dec15            (3)            10              2            18            33            28            20            18            11
EnerNOC Inc Boston MA Dec15        (185)            12            22          (22)          (13)            10            (7)          (37)          (24)
Isramco Houston TX Dec15          (21)              5            (6)              2              7            (3)          (14)              3            (6)
Ocwen Financial Corp West Palm Beach FL Dec15        (247)        (470)          310          181            78            34            (3)            19            39
Nature's Sunshine Products Lehi UT Dec15            12            20            18            25            16              5              7              1            (6)
Saga Communications Inc Grosse Pointe Farms MI Dec15            13            15            15            18            13            15            (3)          (66)            11
Ascent Capital Group Inc Greenwood Village CO Dec15          (86)          (37)          (22)          (25)          (29)          (34)          (56)            (8)              6
Bar Harbor Bankshares Bar Harbor ME Dec15            15            15            13            12            11            11            10              8              7
Craft Brew Alliance Inc Portland OR Dec15              2              3              2              3            10              2              1          (33)            (1)
Farmers Capital Bank Corp Frankfort KY Dec15            15            16            13            12              3              7          (45)              4            16
Syndax Pharmaceuticals Waltham MA Dec15          (24)          (20)          (14)          (10)          (13)



TRC Companies Windsor CT Jun15            19            12            36            33            (9)          (17)          (24)        (109)            (4)
Immersion Corp San Jose CA Dec15              3              4            40            (7)            (3)            (7)          (29)          (50)          116
IMPAC Mortgage Holdings Inc Irvine CA Dec15            81            (6)            (5)            13              6              8              8              5     (1,654)
Regulus Therapeutics Inc San Diego CA Dec15          (56)          (57)          (19)          (17)            (8)          (16)


Build-A-Bear Workshop Inc St Louis MO Dec15            27            14            (2)          (49)          (17)              0          (12)              5            23
Merchants Bancshares Inc South Burlington VT Dec15            13            12            15            15            15            15            12            12            11
Telenav Inc Santa Clara CA Jun15          (23)          (30)              6            32            45            41            30              5          (10)
Allied Motion Technologies Inc Amherst NY Dec15            11            14              4              5              7              4          (12)              3              2
Royal Energy Resources Charleston SC Aug15            (1)            (1)            (0)            (0)            (0)            (1)            (2)            (0)
Electro Scientific Industries Inc Portland OR Mar16          (12)          (44)          (38)          (55)              5              8          (12)          (51)            17
First Mid-Illinois Bancshares Inc Mattoon IL Dec15            17            15            15            14            11              9              8            11            10
Cellular Biomedicine Group Cupertino CA Dec15          (19)          (12)          (11)            (7)            (2)

   
ChemoCentryx Inc Mountain View CA Dec15          (47)          (47)          (39)          (40)            (5)            (3)            16          (18)          (16)
Exa Corp Burlington MA Jan16            (5)          (19)            (1)              1            14              1            (1)          (10)            (8)
Isabella Bank Corp Mt Pleasant MI Dec15            15            14            13            12            10              9              8              4              8
Summit Financial Group Inc Moorefield WV Dec15            16            11              8              6              4            (2)            (1)              2            14
Accretive Health Chicago IL Dec15          (84)          (80)          130        (120)          (72)          (80)          (10)

Geospace Technologies Corp Houston TX Sep15          (33)            37            70            35            30            14              2            14            20
Emerge Energy Services LP Southlake TX Dec15            (9)            89            35            17            (1)



Flex Pharma Boston MA Dec15          (29)            (8)






MutualFirst Financial Inc Muncie IN Dec15            12            11              9              7              3              7              3          (22)              4
Proteostasis Therapeutics Cambridge MA Dec15          (25)          (16)          (16)





BSB Bancorp Belmont MA Dec15              7              4              2              1              0              2              1            (0)              1
CONN's Inc Woodlands TX Jan16            31            59            93            53            (4)            (1)              4            38            40
First Business Financial Services Madison WI Dec15            17            14            14              9              8              1              1

Applied Optoelectronics Inc Sugar Land TX Dec15            11              4            (1)            (1)            (5)            (3)          (13)          (19)
Avenue Financial Holdings Inc Nashville TN Dec15              7              6              4              3            14              1            (5)

Invivo Therapeutics Holdings Corp Cambridge MA Dec15          (33)          (18)          (39)              5          (35)            (8)            (3)

Jones Energy Inc Austin TX Dec15            (9)          226            22            (3)            60            25


Oppenheimer Holdings Inc  New York NY Dec15              3            10            25            (4)            10            39            21          (20)            75
Overseas Shipholding Group Inc New York NY Dec15          292            19        (311)        (439)        (201)        (123)            71          305          212
Sparton Corp Schaumburg IL Jun15            11            13            13            10              7              7          (16)          (13)            (8)
WhiteHorse Finance Miami FL Dec15            (3)            20            19            40




Idera Pharmaceuticals Inc Cambridge MA Dec15          (49)          (39)          (18)          (19)          (24)          (18)              8              2          (13)
Old Line Bancshares Inc (MD) Bowie MD Dec15            10              7              8              7              5              1              2              2              2
TerraVia Holdings South San Francisco CA Dec15        (141)        (162)        (116)          (83)          (54)          (16)          (14)          (15)            (5)
Home Bancorp Inc Lafayette LA Dec15            13            10              7              9              5              5              5              3              3
MCBC Holdings Vonore TN Jun15              6            20              3          (16)




Nobilis Health Houston TX Dec15            64            16              7              5




NTELOS Holdings Corp Waynesboro VA Dec15            (1)              3            24            20            23            29            46            29            20
Fifth Street Asset Management Inc Greenwich CT Dec15            34            36            40            32




Atlas Financial Holdings Inc Elk Grove Village IL Dec15            14            18              6              3            (2)          (22)


Energous Corp San Jose CA Dec15          (28)          (46)            (6)





Gaia Inc Louisville CO Dec15              1            (6)          (20)          (19)          (25)              5            (0)            48              9
Hallmark Financial Services Inc Fort Worth TX Dec15            22            13              8              4          (11)              8            25            13            28
Majesco New York NY Mar16            (4)            (1)              3              0




Penns Woods Bancorp Inc Jersey Shore PA Dec15            14            15            14            14            12            11              6              8              9
Pfenex San Diego CA Dec15          (28)          (10)            (4)            (3)




RigNet Inc Houston TX Dec15          (17)            16            17            12            10          (15)          (20)            10            (2)
Agile Therapeutics Princeton NJ Dec15          (30)          (16)          (14)          (23)




Black Box Corp Lawrence PA Mar16        (171)            15        (116)            29        (248)            53            35            45            39
Crimson Wine Group Ltd Napa CA Dec15              5              5              7              0            (4)            (4)            (7)            (4)            (6)
Egalet Wayne PA Dec15          (58)          (43)          (20)            (5)            (6)



MediciNova Inc LaJolla CA Dec15            (9)            (9)            (4)          (11)          (18)          (20)          (20)          (22)          (49)
Monarch Financial Holdings Inc Chesapeake VA Dec15            13            11            12            14              8              6              5              1              3
Your Community Bankshares Inc New Albany IN Dec15            10              9              9              8              7              7          (22)              1              4
Cape Bancorp Cape May Court House NJ Dec15            12              7              6              5              8              4          (18)          (42)              3
Consolidated Water Co Ltd Fort Lauderdale FL Dec15              8              6              9              9              6              6              6              7            11
Monroe Capital Corp Chicago IL Dec15            18            14            10              1




Resource America Inc Philadelphia PA Dec15              8            10              8            25          (10)          (17)          (16)          (30)              7
Axogen Alachua FL Dec15          (13)          (18)          (15)            (9)            (9)            (5)


Control4 Corp Salt Lake City UT Dec15            (2)              8              4            (4)            (4)          (16)            (8)          (18)          (15)
Straight Path Communications Inc Glen Allen VA Jul15            (2)              2            (4)              5              2    


Vital Therapies San Diego CA Dec15          (52)          (48)          (33)            (7)            (6)



American Independence Corp New York NY Dec15              4              5              4            11              3              3              3              2              1
MBT Financial Corp Monroe MI Dec15            12              7            26              9            (4)          (12)          (34)              2              8
Middleburg Financial Corp Middleburg VA Dec15              8              7              6              8              5            (2)              5              2              3
Nathan's Famous Inc Westbury NY Mar16              6            12              8              7              6              2              6              5              5
Ultra Clean Holdings Inc Hayward CA Dec15          (11)            11            10              5            24            20          (20)          (52)            16
New Home Company Inc Aliso Viejo CA Dec15            22              5              7            (1)            (2)            (0)


Silicon Graphics Intl Corp Milpitas CA Jun15          (39)          (53)            (3)          (24)          (21)          (89)          (31)          (42)            14













Total all 285


  (14,363)        (531)        (254)     (2,365)     (1,072)          184     (3,891)     (6,148)     (1,738)
Annual Earnings % Change vs Prior Year

-2604% -109% 89% -121% -684% 105% 37% -254%

Next up, the huge number of US Companies in the $100-200 Mil Market Cap category.  It should be interesting.