Tuesday, July 19, 2016

During the Obama Administration, the 2,043 Largest US Companies With Market Caps Above $700 Mil Generated Total Audited US GAAP Earnings of $941.4 Bil in 2015, Up 730 Times From the 2008 Total Earnings of $1.3 Bil ..... This Is Why the US Stock Market Is Now At a Record High, Why the US Unemployment Rate Has Declined By More Than Half Since 2009 and Also Why Many Executives, Employees and Stockholders Think the Obama Administration Has Done a Superb Performance on the US Economy

From a review of the fine Google Finance Website and of company financial statements in the US SEC website, I found the 2,043 largest Companies headquartered in the US with Stock Market Capitalizations now of more than $700 Mil.

As you can see in the below chart, the Total US GAAP Audited Earnings of these largest US Companies dropped massively by 100% 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 29,588% (yeah, that's up 296 Times) in 2009 over 2008 and increased by an additional 108% in 2010 over 2009, thereby much more than recouping in only two years the total earnings decline resulting from the disastrous 2008 financial meltdown.

But on the downside, 2015 Total Earnings of these 2,043 largest US Companies were down 18% from 2014.  This was attributable to the middle-sized and smaller of these US Companies, those with Market Cap Ranges from $700 Mil to $40 Bil, generating 2015 Total Earnings which were down in the range of 18% to 151% from 2014, while the very largest of these Companies, the 113 with Market Caps above $40 Bil and comprising 69% of the Total Earnings of all 2,043 Companies, generated 2015 Total Earnings which were basically flat with 2014.

Nearly all of the US House Republicans and even a clear majority of the US Senate Democrats have focused much more on the success of the very largest, most profitable US Companies than they did on the success of the middle-sized and smaller US C Corp Companies.  I think to get US real annual GDP growth above 4% for many years and broad-based, the US Congress should vote for strong tax incentives for the middle-sized and smaller US C Corp Companies, with the key component here being to allow, on a prospective basis, a current US Federal Income Tax Cash Benefit in the same year a Tax Loss is generated.

First, below here are the total reported Audited US GAAP Earnings (Losses) From Continuing Operations of these 2,043 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:


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
Totals (All Above $700 Mil) 2043     941,434  1,141,514  1,261,656     986,868     932,220     793,684     382,070         1,287     626,573











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%
Totals (All Above $700 Mil) 2043 -18% -10% 28% 6% 17% 108% 29588% -100%











2015 Total Earnings  % Above 









….. 2008 Total Earnings
73,053%







….. 2007 Total Earnings
50%








In my most recent posts, I have shown the US GAAP Audited Earnings (Losses) for each of the 1,807 largest US Companies with stock market capitalizations of above $1 Bil.  Thus, below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of the 236 US Companies with recent stock market caps of $700 Mil-1 Bil, for all years in which consistent earnings amounts were available from 2007 through 2015, with all companies presented in most 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













GMS Inc Tucker GA Apr16            13          (12)        (220)        (183)            (8)            (7)


Fairmount Santrol Holdings Inc Chesterland OH Dec15          (92)          171          105          149          146          100            50

iRobot Corp Bedford MA Dec15            44            38            28            17            40            26              3              1              9
Southwestern Energy Co Spring TX Dec15     (4,556)          924          704        (707)          638          604          (36)          569          222
US Concrete Inc Euless TX Dec15            26            22          (18)          (24)            (8)            43          (95)        (136)          (65)
Ethan Allen Interiors Inc Danbury CT Jun15            37            43            32            50            29          (44)          (53)            58            69
CONE Midstream Partners LP Canonsburg PA Dec15          116            65            28            20




Callaway Golf Co Carlsbad CA Dec15            15            16          (19)        (123)        (172)          (19)          (15)            66            55
Interactive Intelligence Group Inc Indianapolis IN Dec15          (22)          (41)            10              1            15            15              9              4            17
National CineMedia Inc Centennial CO Dec15            64            66          130            65          101          109          101            71            84
James River Group Hldgs Ltd Richmond VA Dec15            53            45            67              9            38



Apollo Education Group Inc Phoenix AZ Aug15            47          221          267          398          518          537          610          487          413
Insight Enterprises Tempe AZ Dec15            76            76            71            93          100            75            34        (240)            69
MacroGenics Rockville MD Dec15          (20)          (38)            (0)              8              7



Hannon Armstrong Sustainable Infrastructure Inc Annapolis MD Dec15              8            10          (13)              4            (5)            14              4            (0)
Hercules Capital Palo Alto CA Dec15            43            71            99            47            47              5            14            21            42
Briggs & Stratton Corp Wauwatosa WI Jun15            46            28          (34)            29            24            37            32            23              7
Safety Insurance Group Boston MA Dec15          (14)            59            61            58            14            56            54            70            87
BancFirst Corp Oklahoma City OK Dec15            66            64            54            52            46            42            33            44            53
New Senior Investment Group Inc New York NY Dec15          (82)          (46)          (30)            (7)              4              2              2

Barnes & Noble Inc New York NY Apr16            15            33          (79)        (193)        (104)          (69)            37            85          135
Luminex Corp Austin TX Dec15            37            39              7            12            14              5            18              3            (3)
Capstead Mortgage Corp Dallas TX Dec15          108          141          126          164          160          127          129          126            25
Golub Capital BDC Inc Chicago IL Sep15            71            65            47            32            21            26            20            (3)              0
BNC Bancorp High Point NC Dec15            44            29            17            10              7              8              7              4              7
CEC Entertainment Inc Irving TX Dec15          (13)          (61)            48            44            55            54            61            56            56
Hines Real Estate Houston TX Dec15            43            48            44          (90)          (65)          (62)              1        (162)          (86)
Maiden Holdings New York NY Dec15          124          102          103            50            29            70            61            19            22
Merit Medical Systems Inc South Jordan UT Dec15            24            23            17            20            23            12            23            21            16
Engility Holdings Inc Chantilly VA Dec15        (230)            40            55        (345)            26            (8)          157          166          166
Standard Motor Products Inc Long Island City NY Dec15            48            53            53            43            64            25              6          (21)              5
Cavco Industries Inc Phoenix AZ Mar16            29            24            19            10            30              4            (4)              0              6
CVR Partners LP Sugar Land TX Dec15            62            76          119          112          132            33            58          119            24
Chatham Lodging Trust Palm Beach FL Dec15            33            67              3            (1)            (9)            (1)


State Auto Financial Corp Columbus OH Dec15            51          107            61            11        (161)            24            10          (31)          119
MDC Partners Inc New York NY Dec15          (22)              4        (133)          (73)          (74)              2            (9)            19              3
Rush Enterprises Inc New Braunfels TX Dec15            66            80            49            62            55            25              5            25            46
StoneMor Partners LP Levittown PA Dec15          (24)          (11)          (19)            (3)          (10)            (1)            (4)              5              3
Web.com Group Jackonsville FL Dec15            90          (12)          (66)        (122)          (13)            (7)              2          (96)              1
Greenbrier Companies Lake Oswego OR Aug15          265          150            (5)            61              8              8          (58)            14            21
Windstream Holdings Inc Little Rock AR Dec15            27          (40)          235          167          169          313          399          194          950
Loton Beverly Hills CA Mar16            (4)            (6)              0            (2)            (1)            (0)


AMAG Pharmaceuticals Waltham MA Dec15            33          136          (10)          (17)          (77)          (81)          (93)          (72)          (34)
Diodes Inc Plano TX Dec15            27            66            24            26            54            80            10            31            56
FelCor Lodging Trust Inc Irving TX Dec15          (24)            28          (84)        (187)        (134)        (100)          (96)          (44)            50
Investors Real Estate Trust Minot ND Apr16            19            20              6            12              3              5              6            10            14
Compass Diversified Holdings Westport CT Dec15              0          272            63          (13)              2          (66)              2            (8)            (3)
Rofin-Sinar Technologies Plymouth MI Sep15            41            25            35            35            61            30            10            64            55
Monmouth RE Inv Corp Freehold NJ Sep15            21            20            21            19            15            11              2              4              6
Archrock Partners LP Houston TX Dec15          (84)            62            64            11              6          (23)            15            30            19
PH Glatfelter Co York PA Dec15            65            69            67            59            43            54          123            58            63
TriMas Corp Bloomfield Hills MI Dec15          (29)            47            59            14            27            36            12        (110)        (165)
Astronics Corp East Aurora NY Dec15            67            56            27            22            22            15            (4)              8            15
Infinity Property and Casualty Corp Birmingham AL Dec15            51            57            33            24            42            91            71            19            72
Kraton Performance Polymers Inc Houston TX Dec15          (13)              1            (1)          (16)            91            97            (0)            28          (44)
Herc Holdings Bonita Springs FL Dec15          111            90            98            61              8



Newport Corp Irvine CA Dec15            31            35            16          (90)            80            41          (17)        (149)            40
Beigene Ltd Waltham MA Dec15          (57)          (19)            (8)





Finish Line Indianapolis IN Feb16            22            80            75            69            85            69            51            30          (42)
Air Transport Services Group Inc Wilmington OH Dec15            39            32          (20)            42            24            40            28          (63)            15
istar Inc New York NY Dec15        (100)          (74)        (221)        (315)          (51)        (209)        (793)        (326)          129
CorVel Corp Irvine CA Mar16            29            29            34            27            27            25            26            19            23
Editas Medicine Cambridge MA Dec15          (73)          (14)            (2)





Encore Wire Corp McKinney  TX Dec15            48            37            47            20            50            15              4            40            31
Green Plains Inc Omaha NE Dec15            15          160            43            12            38            48            20            (8)            (4)
Inter Parfums Inc New York NY Dec15            39            37            51          177            43            36            30            30            31
Genomic Health Inc Redwood City CA Dec15          (33)          (25)          (13)              8              8              4            (9)          (16)          (27)
S & T Bancorp Indiana PA Dec15            67            58            51            34            47            43              8            60            56
Heartland Financial USA Inc Dubuque IA Dec15            60            42            37            50            28            24              6            11            24
New Media Investment Group Inc New York NY Dec15            67            (3)        (152)          (27)          (21)          (25)        (511)        (658)    
Spectranetics Corp Colorado Springs CO Dec15          (59)          (41)            (0)              2              1          (13)          (13)            (4)              7
ADTRAN Inc Huntsville AL Dec15            19            45            46            47          139          114            74            79            76
Wilshire Bancorp Los Angeles CA Dec15            61            59            45            92          (30)          (35)            20            26            27
Kulicke and Soffa Industries Inc Fort Washington PA Sep15            51            63            59          161          128          142          (64)          (25)            17
Berkshire Hills Bancorp Pittsfield MA Dec15            50            34            41            34            17            14          (16)            22            14
CVR Refining LP Sugar Land TX Dec15          291          359          590          595          480            38            65          110        (176)
First Busey Corp Urbana IL Dec15            39            33            29            19            25            18        (328)          (38)            31
Overseas Shipholding Group New York NY Dec15          292            19        (311)        (439)        (201)        (134)            71          305          212
Repligen Waltham MA Dec15              9              8            16            14            (0)            (4)              6            37            (1)
AAR Corp Wood Dale IL May16            41          (55)            67            49            65            69            43            59            69
Bottomline Technologies Portsmouth NH Jun15          (35)          (19)          (14)              2            36              4          (12)            (5)            (7)
Banc of California Inc Irvine CA Dec15            62            30              0              6            (3)              3            (1)            (1)              3
Relypsa Redwood City CA Dec15        (179)          (80)          (74)          (44)          (26)



Scientific Games Corp Las Vegas NV Dec15     (1,394)        (234)          (26)          (44)            (6)        (144)          (40)            (4)            53
Biglari Holdings Inc San Antonio TX Sep15          (16)            29          142            25            34            29              6          (23)            12
Fortress Transportation&Infrastructure New York NY Dec15          (29)              3            25              2            (2)



Wabash National Corp Lafayette IN Dec15          104            61            47          106            15        (142)        (102)        (126)            16
New Mountain Medicine New York NY Dec15            33            46            62            32            10



Incontact Inc Midvale UT Dec15          (23)          (11)          (10)            (6)          (10)            (2)            (3)          (10)            (8)
Orthofix Intl NV Dallas TX Dec15            (2)            (4)          (18)            45          (16)            31            10        (239)            11
Crocs Inc Niwot CO Dec15          (83)            (5)            10          131          113            68          (42)        (185)          168
Sonic Automotive Inc Charlotte NC Dec15            88            99            85            91            82            99            57        (634)          105
Urstadt Biddle Properties Inc Greenwich CT Oct15            50            53            29            27            30            26            28            29            33
Martin Midstream Partners LP Kilgore TX Dec15            37            (6)          (15)            37            13            19            22            44            33
Hersha Hospitality Trust Harrisburg PA Dec15            42            70            21              7              0          (10)          (53)          (14)            14
TIER REIT Inc Dallas TX Dec15          (95)          (75)          (57)        (163)        (112)          (92)        (253)        (144)          (35)
Denny's Corp Spartanburg SC Dec15            36            33            25            22          112            23            42            13            30
AveXis Bannockburn IL Dec15          (38)          (16)            (2)





1st Source Corp South Bend IN Dec15            57            58            55            50            48            41            25            33            31
Civitas Solutions Inc Boston MA Sep15              4          (21)          (16)          (15)          (40)          (13)            (8)

Southside Bancshares Inc Tyler TX Dec15            44            21            41            35            39            39            44            31            17
Iridium Communications Inc McLean VA Dec15              7            75            63            65            41            20          (44)              2
Solar Capital Ltd New York NY Dec15            14            49            75          116            61          142            87        (406)            49
Ixia Calabasas CA Dec15              6          (42)            12            45            27            13          (44)          (16)              7
Brooks Automation Inc Chelmsford MA Sep15            14              2            (7)          132          121            52        (228)        (237)            54
TTM Technologies Inc Costa Mesa CA Dec15          (26)            15            24        (181)            47            80              5          (37)            35
HealthStream Inc Nashville TN Dec15              9            10              8              8              7              4            14              2              4
First Commonwealth Financial Indiana PA Dec15            50            44            41            42            15            23          (20)            43            46
Transocean Partners LLC Houston TX Dec15        (127)          215          189          255




Tyme Technologies New York NY Dec15          (12)            (3)






Foundation Medicine Cambridge MA Dec15          (90)          (52)          (43)          (22)          (17)



Caretrust REIT Inc Mission Viejo CA Dec15            10            (8)            (0)              0            (5)            (2)


Aduro Bio Tech Berkeley CA Dec15          (39)          (17)          (16)            (9)




Meridian Bioscience Inc Cincinnati OH Sep15            36            34            38            33            27            27            33            30            27
Innophos Holdings Inc Cranbury NJ Dec15            26            64            50            74            87            45            63          207            (5)
Duluth Holdings Belleville WI Jan16            28            24            16





Meridian Bancorp East Boston MA Dec15            25            22            15            12            12            13              4            (2)              2
Outerwall Bellevue WA Dec15            49          125          223          166          123            72            45            46            22
Hibbett Sports Inc Birmingham AL Jan16            71            74            71            73            59            46            33            29            30
A Schulman Inc Fairlawn OH Aug15            28            54            34            53            50            44            12            32            29
LHC Group Inc Lafayette LA Dec15            42            29            29            35            (4)            65            58            43            27
Cempra Inc Chapel Hill NC Dec15          (91)          (62)          (45)          (24)          (21)          (20)          (19)          (15)            (8)
Surgery Partners Nashville TN Dec15            73          (27)            18            26          (11)



Deltic Timber Corp El Dorado AR Dec15              3            20            26              9              3            12              4              4            11
MiMedx Group Inc Marietta GA Dec15            29              6            (4)            (8)          (10)          (11)            (8)          (12)          (17)
Atwood Oceanics Inc Houston TX Sep15          433          341          350          272          272          257          251          215          139
Trueblue Inc Tacoma WA Dec15            71            66            45            34            31            20              9            (4)            66
Brookline Bancorp Brookline MA Dec15            52            45            38            38            29            27            20            13            18
Ambac Financial Group Inc New York NY Dec15          493          484       1,109        (257)     (1,960)        (753)          (15)     (5,609)     (3,256)
Team Inc Sugar Land TX May15            40            30            32            33            27            12            23            24            16
Atrion Corp Allen TX Dec15            29            28            27            24            26            21            17            16            14
Navigant Consulting Inc Chicago IL Dec15            60          (37)            55            44            36            25            22            40            33
State Bank Financial Corp Atlanta GA Dec15            28            31            13            23            43            46            18            (1)            (0)
FNFV Group Fidelity National Financial Jacksonville FL Dec15          (13)          283






Gray Television Inc Atlanta GA Dec15            39            48            18            28              9            23          (23)        (202)          (23)
Griffon Corp New York NY Sep15            34            (0)              7            17            (7)            10            18            (3)            25
Lakeland Financial Corp Warsaw IN Dec15            46            44            39            35            31            25            19            20            19
PharMerica Corp Louisville KY Dec15            35              7            19            23            23            19            42              5          (24)
Sun Hydraulics Corp Sarasota FL Dec15            33            44            38            37            38            21              2            26            22
Ingles Markets Inc Asheville NC Sep15            59            51            21            43            39            31            28            52            59
Delek US Holdings Inc Brentwood TN Dec15            44          226          136          276          163          (80)              2            25            96
Federal Signal Corp Oak Brook IL Dec15            66            60          153            16              8          (74)            20            29            35
PBF Logistics LP Parsippany NJ Dec15            75            18          (14)            (6)




Virtusa Corp Westborough MA Mar16            45            42            34            28            20            16            12            12            18
Fifth Street Finance Corp Greenwich CT Sep15            15          113          102            79            30            22              6              3              1
Babcock & Wilcox Enterprises  Charlotte NC Dec15            17          (12)          140          129            20    


Momenta Pharmaceuticals Cambridge MA Dec15          (83)          (99)        (108)          (59)          180            37          (64)          (63)          (69)
Universal Health Realty Income Trust King of Prussia PA Dec15            24            52            13            19            74            16            19            12            20
Keryx Biopharmaceuticals New York NY Dec15        (123)        (112)          (47)          (25)          (28)          (20)            10          (53)          (89)
Manitowoc Co Inc Manitowoc WI Dec15            63          161          189          109            33          (64)        (613)          101          315
Phibro Animal Health Corp Teaneck NJ Jun15            60            (3)            25              7          (13)            16            (6)    
Hanmi Financial Corp Los Angeles CA Dec15            54            50            40            90            28          (88)        (122)        (102)          (61)
CenterState Banks Inc Winter Haven FL Dec15            39            13            12            10              8            (6)            (6)              3              8
American Railcar Industries St Charles MO Dec15          133          100            87            64              4          (27)            15            31            37
Crossamerica Partners LP Allentown PA Dec15            11            (6)            18              1            11              2              6              5            26
PHH Corp Mt Laurel NJ Dec15        (131)        (185)            98            23        (102)            76          173        (281)          (10)
Independent Bank Group Inc McKinney TX Dec15            39            29            20            17            14            13              8

Kelly Services Inc Troy MI Dec15            54            24            59            50            65            26        (105)          (82)            54
Nexeo Solutions The Woodlands TX Dec15            (0)            (1)






Perficient Inc St Louis MO Dec15            23            23            21            16            11              6              1            10            16
Isle of Capri Casinos Saint Louis MO Apr16            48              7        (117)          (38)          (32)            (1)              5            15          (31)
Chart Industries Inc Garfield Heights OH Dec15        (205)            83            87            72            44            21            61            79            44
Bankrate New York NY Dec15            18              8            (0)            28          (25)          (21)          (44)            20            20
Vitamin Shoppe Inc North Bergen NJ Dec15            53            61            67            61            45            29            13              8              7
Loral Space & Communications Ltd New York NY Dec15          (70)            (1)            21          100            53          388          184        (517)            53
Harsco Corp Camp Hill PA Dec15              7          (18)        (222)        (253)            (7)            17          141          252          265
NutriSystem Inc Fort Washington PA Dec15            26            19              7            (3)            12            34            33            47          105
Associated Capital Group Rye NY Dec15            (1)            (1)






Carmike Cinemas Inc Columbus GA Dec15            (0)            (9)              6            96            (8)          (12)          (15)          (41)        (124)
Venoco Inc Denver CO Dec15        (464)          120            14          (47)            62            68          (47)        (391)          (73)
Helix Energy Solutions Group Inc Houston TX Dec15        (377)          196          112          (67)            38          (17)          166        (580)          344
Amphastar Pharmaceuticals Rancho Cucamonga CA Dec15            (3)          (11)            12            18              8          (11)          (15)            55
GTT Communications Inc McLean VA Dec15            19          (23)          (21)            (2)              0              1              0          (42)            (4)
Alamo Group Inc Seguin TX Dec15            43            41            36            29            33            21            19            11            12
Quality Systems Irvine CA Mar16              6            27            16            43            76            62            48            46            40
ARMOUR Residential REIT Inc Vero Beach FL Dec15          (31)        (179)        (187)          222            (9)              7            (1)              1              1
Central Pacific Financial Corp Honolulu HI Dec15            46            40          172            47            37        (251)        (314)        (138)              6
MTS Systems Corp Eden Prairie MN Sep15            45            42            58            52            51            19            17            49            42
ICF Intl Inc Fairfax VA Dec15            39            40            39            38            35            27            22            29            41
TCP Capital Corp Santa Monica CA Dec15            59            35            50            26              5            69            52        (189)
Solaredge Technologies Fremont CA Jun15            21          (21)          (28)          (28)          (28)          (18)


Re/Max Holdings Inc Denver CO Dec15            51            44            28            33            24            (3)            (1)          (76)
Amicus Therapeutics Inc Cranbury NJ Dec15        (132)          (69)          (60)          (49)          (44)          (55)            (7)          (39)          (41)
US Physical Therapy Inc Houston TX Dec15            32            30            26            27            27            24            20            17            15
Speedway Motorsports Inc Concord NC Dec15          (34)            25            (8)            41              3            45            (6)          106            52
Wingstop Dallas TX Dec15            10              9              8              4




Unit Corp Tulsa OK Dec15     (1,037)          136          185            23          196          146          (56)          144          266
TrueCar Inc Santa Monica CA Dec15          (65)          (48)          (25)          (74)            (9)            (4)            (7)

Walker & Dunlop Inc Bethesda MD Dec15            83            51            42            34            35              8            40            14            16
Getty Realty Corp Jericho NY Dec15            40            21            27            14              9            34            41            38            27
Lydall Inc Manchester CT Dec15            46            22            19            17              9              2          (13)            (2)              9
Anika Therapeutics Inc Bedford MA Dec15            31            38            21            12              8              4              4              4              6
Aceto Corp Port Washington NY Jun15            33            29            22            17              9              7              9            13            10
Universal Insurance Holdings Fort Lauderdale FL Dec15          106            73            59            30            20            37            29            40            54
McGrath RentCorp Livermore CA Dec15            40            46            43            45            50            36            33            41            42
Oritani Financial Corp Washington Township NJ Jun15            47            41            40            32            29              8              6              9            11
Superior Industries Intl Inc Southfield MI Dec15            24              9            23            31            67            52          (94)          (26)              9
National Storage Affiliates Trust Greenwood Village CO Dec15              5          (16)          (12)            (3)




Empire State Realty OP LP New York NY Dec15            80            70          156            49            57            45            42            53            69
American Capital Mortgage Investment Bethesda MD Dec15          (38)          159          (84)          250            20



Greenlight Capital Re Ltd New York NY Dec15        (326)          110          226            15              7            91          210        (121)            35
Altra Industrial Motion Corp Braintree MA Dec15            35            40            40            24            38            25            (2)              7            13
Lindsay Corp Omaha NE Aug15            26            52            71            43            37            25            14            39            16
Echo Global Logistics Inc Chicago IL Dec15              8            17            14            12            12              8              5              3              1
Vascular Solutions Inc Minneapolis MN Dec15            10            13            11            10            10            21              5            16            (4)
Cardinal Financial Corp McLean VA Dec15            47            33            26            45            28            18            10              0              4
Textainer Group Holdings Ltd San Francisco CA Dec15          112          195          189          205          204          134          105            94            85
Northfield Bancorp Inc Woodbridge NJ Dec15            20            20            19            16            17            14            12            16
Weight Watchers Intl New York NY Dec15            33          118          203          257          304          193          175          202          201
Bob Evans Farms Inc New Albany OH Apr16            24            17            31            83            70            56            70            (5)            65
Goldman Sachs BDC Inc New York NY Dec15            46            37            18              1




Eastman Kodak Co Rochester NY Dec15          (67)        (122)          109        (494)        (739)        (560)        (232)        (727)        (206)
Global Blood Therapeutics South San Francisco CA Dec15          (46)          (21)          (18)





Xencor Monrovia CA Dec15          (18)          (16)          (60)            (9)          (11)



FTD Companies Inc Downers Grove IL Dec15          (79)            23            13            21            16              7


General Cable Corp Highland Heights KY Dec15        (124)        (573)          (36)            (7)            54            77            65          188          198
Gorman-Rupp Co Mansfield OH Dec15            25            36            30            28            29            26            18            27            23
Orbcomm Inc Rochelle Park NJ Dec15          (13)            (5)              5              9            (0)            (1)            (2)            (2)            (3)
Customers Bancorp Inc Wyomissing PA Dec15            59            43            33            24              4            24          (13)            (1)              0
K2M Group Holdings Leesburg VA Dec15          (39)          (60)          (38)          (33)            13



EarthLink Holdings Corp Atlanta GA Dec15          (43)          (72)        (537)            10            37            82          287          187          (65)
Tailored Brands Houston TX Jan16     (1,027)            (0)            84          132          120            68            46            59          147
Flotek Industries Inc Houston TX Dec15          (13)            54            36            50            31          (43)          (50)          (34)            17
Providence Service Corp Tucson AZ Dec15          (19)            24            13            (2)              2                
NEOGenomics Inc Fort Myers FL Dec15            (3)              1              2              0            (1)            (3)            (2)            (1)            (3)
Sandy Spring Bancorp Inc Olney MD Dec15            45            38            44            37            34            24          (15)            16            32
Mistras Group Inc Princeton Junction NJ May15            16            23            12            21            16            10              6              7              6
Calgon Carbon Corp Moon Township PA Dec15            43            49            46            23            39            35            39            29            14
Lattice Semiconductor Portland OR Dec15        (159)            49            22          (30)            78            57            (7)          (38)        (240)
Pacific Premier Bancorp Inc Irvine CA Dec15            26            17              9            16            11              4            (0)              1              4
Mindbody San Luis Obispo CA Dec15          (36)          (25)          (16)            (6)




Zoe's Kitchen Inc Plano TX Dec15              1          (10)            (4)            (0)            (0)            (2)            (3)

Quanex Building Products Corp Houston TX Oct15            16              8          (12)            (7)            (0)              8        (136)            16            57
Teladoc Purchase NY Dec15          (58)          (17)            (6)





Meritor Inc Troy MI Sep15            66          284          (13)            80            82            28        (738)          (46)          (93)
Hortonworks Santa Clara CA Dec15        (179)        (177)          (37)          (12)

















Total all 236


    (4,383)       8,551       8,021       4,529       4,609       4,155          159     (7,158)       3,125
Annual Earnings % Change vs Prior Year


-151% 7% 77% -2% 11% 2518% 102% -329%