Wednesday, September 28, 2016

The 533 US Companies With Market Caps Several Months Ago of $200 Mil to $500 Mil and With Dec or Jan Year Ends Registered First Half 2016 US GAAP Total Losses of $4.031 Bil as Compared to Their Total US GAAP Losses of $2.201 Bil in the First Half 2015 ..... Excluding NII Holdings, Which Had a Massive Reorganization Gain in 2015, the Total Losses in the First Half 2016 Were 7% Higher Than Those in the First Half 2015 ..... These First Half 2016 Total Losses Were Particularly Horrific Given That Total Audited Losses in Annual 2015 for all US Companies With Market Caps of $200 Mil to $500 Mil Were a Gigantic $21.739 Bil, 25 Times Their Total Audited Losses of $0.875 Bil in Annual 2014 ..... The US Congress (Both Parties) Has Consistently Favored in Their Tax Legislation Enacted Since the Early 1960s the Largest, Most Profitable US Companies Over the Many Publicly-Held Smaller Ones With Tax Losses, Resulting in the Continually Growing Massive Gap in Earnings and Cash Flow Between the Largest US Companies and the Rest Since the Rest Cannot Compete With the Largest US Companies Granted This Massive Tax Loophole Largesse by the US Congress, Nothing More So Than the Recent PATH ACT of 2015 ..... The Only Way to Correct This is for US Citizens To Step Up and Vote Out of Office Every US Congress Member Voting For the PATH ACT of 2015 ..... They Have Severely Harmed the Effectiveness of US Capitalism and Done Substantially More Harm to the US Than Edward Snowden, Who Communicated to the Public the Many Illegal Spying Actions Committed By Both the NSA and the CIA on So Many Innocent US Citizens

From a review of the superb Google Finance Website and of company financial statements in the US SEC website, I found the 638 Companies headquartered in the US with Stock Market Capitalizations several months ago of $200 Mil to $500 Mil and which have also filed their First Half 2016 financial statements with the SEC.  Traditional Regulated Utility Companies are excluded.

Of these 638 US Companies, 533 or 84% of them have either December or January fiscal year ends.  To more quickly get to the substantive findings, I just accumulated for now the earnings and losses of the 533 US Companies with December or January fiscal year ends.

These 533 US Companies posted First Half 2016 US GAAP Total Losses From Continuing Operations of $4.031 Bil, which compares with their Total Losses of $2.201 Bil in the First Half 2015.  On the other hand, the 113 largest US Companies all with Market Caps above $40 Bil had Total Earnings of $311 Bil in the First Half 2016, down only 3% from the First Half 2015.  

It is really sad to see such horrible earnings deterioration in the First Half of 2016.  It is especially sad since in Annual 2015 the Total Audited US GAAP Losses From Continuing Operations of all $200 Mil to $500 Mil Market Cap US Companies were an off-the-charts $21.739 Bil or 25 TIMES their Total Audited Losses of $0.875 Bil in Annual 2014.  On the other hand, the 113 largest US Companies all with Market Caps above $40 Bil had Total Audited Earnings of $647 Bil in Annual 2015, an increase of 1% from Annual 2014.

With these depressing earnings numbers not just for these smaller publicly-held US Companies but for all middle-sized and smaller US Companies, most of the country is angry with the US Congress which over the years has continually granted tax legislation favoring the largest US Companies over the middle-sized and smaller publicly-held US Companies, most of which have Tax Losses.  It has not permitted US middle-sized and smaller US Companies to be able to compete with the largest ones.  It's a disgusting strategy severely harming US Capitalism, GDP growth and good-paying US jobs  and US citizens have every right to be very angry.

It is pretty clear to me that by their biased tax legislation since the early 1960s clearly favoring the largest, most profitable US Corporations, the current US Congress and past ones (both parties) played very instrumental roles in the creation of the present Big Corporate Oligarchy in the US.  With such an unfavorable economic environment for regular US citizens, it is only logical that the majority of US millennials now don't like US Capitalism.  And unless the US Congress abandons this very pro-US Big Corporate Oligarchy strategy, US citizens will eventually take to the streets in masse in peaceful protest demanding economic fairness.
 
Below here are the total reported US GAAP Earnings (Losses) From Continuing Operations for the First Half of both 2016 and 2015 for the 533 US Companies with Market Caps several months ago of $200 Mil to $500 Mil and with either December or January fiscal year ends, with the Total Earnings or Loss amounts presented in Company alphabetic order:






1st 1st






Half Half






2016 2015



Most
1st US GAAP US GAAP



Recent
Half Net Net
City State 2015
Month Income Income %
Companies With Dec or Jan Year End HQs HQs FYE
End (Loss) (Loss) Change





 $ mils  $ mils
Market Caps $200 Mil-$500 Mil







A10 Networks Inc San Jose CA Dec15
June               (14)               (24)
Acacia Research Corp Newport Beach CA Dec15
June               (51)               (13)
Access National Corp Chantily VA Dec15
June                   9                   8
Accretive Health Chicago IL Dec15
June               127               (57)
Aclaris Therapeutics Malvern PA Dec15
June               (26)                 (5)
Actua Corp Radnor PA Dec15
June               (29)               (32)
Adamas Pharmaceuticals Emeryville CA Dec15
June               (31)               (26)
Addus Homecare Corp Downers Grove IL Dec15
June                   3                   5
Aerie Pharmaceutics Research Triangle Park NC Dec15
June               (46)               (36)
Aerohive Networks Milpitas CA Dec15
June               (20)               (27)
AG Mortgage Investment Trust New York NY Dec15
June                 19                 15
Agenus Inc Lexington MA Dec15
June               (60)               (59)
Agile Therapeutics Princeton NJ Dec15
June               (16)               (17)
Akebia Therapeutics Cambridge MA Dec15
June               (62)               (21)
Allegiance Bancshares Houston TX Dec15
June                 12                   7
Allied Motion Technologies Inc Amherst NY Dec15
June                   5                   6
Almost Family Inc Louisville KY Dec15
June                   8                   9
Alon USA Energy Inc Dallas TX Dec15
June               (57)                 82
Amarin Corp plc Bedminster NJ Dec15
June               (43)               (63)
Amber Road Inc East Rutherford NJ Dec15
June               (10)               (15)
Ameresco Inc Framingham MA Dec15
June                   3                 (2)
America First Multifamily Investors LP Omaha NE Dec15
June                 14                 10
American Independence Corp New York NY Dec15
June                   2                   1
American Midstream Partners LP Houston TX Dec15
June                 (8)                 (1)
American National BankShares Inc  Danville VA Dec15
June                   8                   6
American Public Education Inc Charles Town WV Dec15
June                 17                 16
American Vanguard Corp Newport Beach CA Dec15
June                   6                   1
Ames National Corp Ames IA Dec15
June                   8                   7
Angie's List Inc Indianapolis IN Dec15
June                   1                 (4)
Anworth Mortgage Asset Corp Santa Monica CA Dec15
June               (22)                   4
Apollo Residential Mortgage New York NY Dec15
June                   7                 11
Applied Optoelectronics Inc Sugar Land TX Dec15
June                 (1)                   5
Aratana Therapeutics Inc Leawood KS Dec15
June                   3               (17)
Arbor Realty Trust Uniondale NY Dec15
June                 15                 29
Arc Logistics Partners LP New York NY Dec15
June                 11                   3
ArcBest Corp Fort Smith AR Dec15
June                   4                 21
Ardelyx Fremont CA Dec15
June               (52)                   6
Arena Pharmaceuticals Inc San Diego CA Dec15
June               (49)               (51)
Ares Commercial Real Estate New York NY Dec15
June                 14                 19
Arlington Asset Investment Corp Arlington VA Dec15
June               (19)               (36)
Arrow Financial Corp Glens Falls NY Dec15
June                 13                 12
Ascent Capital Group Inc Greenwood Village CO Dec15
June               (45)               (28)
Ashford Hospitality Prime Inc Dallas TX Dec15
June                   2                   9
Atlantic Capital Bancshares Atlanta GA Dec15
June                   8                   5
Atlantic Power Dedham MA Dec15
June               (29)                   5
Atlas Financial Holdings Inc Elk Grove Village IL Dec15
June                 10                   6
Audentes Therapeutics San Francisco CA Dec15
June               (25)                 (9)
AV Homes Inc Scottsdale AZ Dec15
June               118                 (9)
Avid Technology Inc Burlington MA Dec15
June                 34                 (4)
Axcelis Technologies Beverly MA Dec15
June                   5                   8
Axogen Alachua FL Dec15
June                 (6)                 (7)
Azure Midstream Partners LP Dallas TX Dec15
June             (122)                 (5)
Baldwin & Lyons Inc Carmel IN Dec15
June                 20                 12
Bank Mutual Corp Brown Deer WI Dec15
June                   8                   7
Bank of Marin Bancorp Novato CA Dec15
June                 10                   9
BankFinancial Corporation Burr Ridge IL Dec15
June                   3                   4
Bar Harbor Bankshares Bar Harbor ME Dec15
June                   9                   8
Barrett Business Services Inc Vancouver WA Dec15
June                   1                   3
BBX Capital Corp Fort Lauderdale FL Dec15
June                 (2)                   7
Bear State Financial Inc Little Rock AR Dec15
June                   8                   5
Bel Fuse Inc Jersey City NJ Dec15
June               (78)                 11
Bellicum Pharmaceuticals Houston TX Dec15
June               (32)               (18)
BFC Financial Corp Fort Lauderdale FL Dec15
June                 10                 96
Big 5 Sporting Goods Corp El Segundo CA Dec15
June                   1                   5
Bill Barrett Denver CO Dec15
June               (95)               (56)
BioCryst Pharmaceuticals Durham NC Dec15
June               (39)               (10)
BioScrip Denver CO Dec15
June               (18)             (262)
BioSpecifics Technologies Lynbrook NY Dec15
June                   5                   4
BioTime Inc Alameda CA Dec15
June                 (3)               (25)
Blackcraft Cult Anaheim CA Dec15
June                   0                   0
Blue Hills Bancorp Inc Hyde Park MA Dec15
June                   3                   3
Blue Nile Inc Seattle WA Dec15
June                   3                   4
Blueknight Energy Partners LP Oklahoma City OK Dec15
June               (18)                   9
Bluerock Residential Growth REIT Inc New York NY Dec15
June                 (5)                   9
Boingo Wireless Inc Los Angeles CA Dec15
June               (17)               (14)
BP Prudhoe Bay Royalty Trust Houston TX Dec15
June                 14                 79
Bridgepoint Education Inc San Diego CA Dec15
June                 (7)                 (1)
Brightcove Inc Boston MA Dec15
June                 (4)                 (6)
Bryn Mawr Bank Corp Bryn Mawr PA Dec15
June                 17                 16
BSB Bancorp Belmont MA Dec15
June                   5                   3
Build-A-Bear Workshop Inc St Louis MO Dec15
June                 (1)                   6
Cachet Financial Solutions Minneapolis MN Dec15
June                 (8)               (12)
Caladrius Biosciences Basking Ridge NJ Dec15
June               (20)               (36)
California Republic Bancorp Irvine CA Dec15
June                   4                   7
California Resources Corp Los Angeles CA Dec15
June             (190)             (168)
Calix Inc Petaluma CA Dec15
June               (17)               (18)
Calumet Speciality Products Partners LP Indianapolis IN Dec15
June             (216)                 26
Cambium Learning Group Inc Dallas TX Dec15
June                   4                 (0)
Camden National Corp Camden ME Dec15
June                 18                 13
Capital City Bank Group Inc Tallahassee FL Dec15
June                   6                   5
Capitala Finance Charlotte NC Dec15
June                   3                 15
CARBO Ceramics Inc Houston TX Dec15
June               (45)               (46)
Carbonite Inc Boston MA Dec15
June                 (4)               (11)
Care.com Inc Waltham MA Dec15
June                 (4)               (15)
Career Education Corp Schaumburg IL Dec15
June                 16               (45)
Carolina Financial Corp Charleston SC Dec15
June                   6                   7
Carriage Services Inc Houston TX Dec15
June                 10                 11
Carrols Restaurant Group Inc Syracuse NY Dec15
June                 12               (14)
Carter Bank and Trust Martinsville VA Dec15
June                 15                 17
Cascade Bancorp Bend OR Dec15
June                   7                 10
Casella Waste Systems Inc Rutland VT Dec15
June                 (2)                 (7)
Castlight Health San Francisco CA Dec15
June               (38)               (41)
Catchmark Timber Trust Atlanta GA Dec15
June                 (3)                 (3)
CECO Environmental Corp Cincinnati OH Dec15
June                   7                   2
Celldex Therapeutics Inc Hampton NJ Dec15
June               (67)               (63)
Cellular Biomedicine Group Cupertino CA Dec15
June               (11)                 (9)
Century Communities Greenwood Village CO Dec15
June                 21                 16
Champion Industries Huntington WV Dec15
June                 (0)                 (0)
ChannelAdvisor Corp Morrisville NC Dec15
June               (11)               (15)
Chegg Inc Santa Clara CA Dec15
June               (25)               (39)
ChemoCentryx Inc Mountain View CA Dec15
June               (25)               (24)
Citi Trends Savannah GA Jan16
July                   9                 11
Citizens & Northern Corp Wellsboro PA Dec15
June                   7                   8
Citizens Inc Austin TX Dec15
June                 (1)                 (1)
Clayton Williams Energy Inc Midland TX Dec15
June             (116)               (42)
Clean Energy Fuels Corp Newport Beach CA Dec15
June                   3               (62)
CNB Financial Corp Clearfield PA Dec15
June                   9                 11
Cocrystal Pharma Inc Tucker GA Dec15
June                 (7)               (19)
Cogint Boca Raton FL Dec15
June               (14)                 (6)
Cohu Inc Poway CA Dec15
June                   1                   2
Collegium Pharmaceuticals Canton MA Dec15
June               (40)                 (8)
Community Healthcare Trust Franklin TN Dec15
June                   1                 (2)
CommunityOne Bancorp Charlotte NC Dec15
June                   8                   5
Concert Pharmaceuticals Lexington MA Dec15
June               (27)                 32
ConforMIS Bedford MA Dec15
June               (29)               (25)
ConnectOne Bancorp Inc Englewood Cliffs NJ Dec15
June                 21                 21
CONN's Inc Woodlands TX Jan16
July               (22)                 32
Consolidated Water Co Ltd Fort Lauderdale FL Dec15
June                   4                   4
Consolidated-Tomoka Land Co Daytona Beach FL Dec15
June                   3                   1
Contango Oil & Gas Co Houston TX Dec15
June               (29)               (38)
Control4 Corp Salt Lake City UT Dec15
June                   7                 (2)
Corvus Pharmaceuticals Burlingame CA Dec15
June               (15)               (22)
Covenant Transportation Group Inc Chattanooga TN Dec15
June                   8                 21
Cowen Group Inc New York NY Dec15
June               (35)                 30
CPI Card Group Littleton CO Dec15
June                   5                 18
CRA Intl Inc Boston MA Dec15
June                   9                   6
Craft Brew Alliance Inc Portland OR Dec15
June                 (1)                   0
Crimson Wine Group Ltd Napa CA Dec15
June                   1                   3
Cryolife Inc Kennesaw GA Dec15
June                   5                 (1)
CSI Compressco LP Midland TX Dec15
June             (110)                   3
CU Bancorp Encino CA Dec15
June                 13                   9
Curis Lexington MA Dec15
June               (21)               (40)
Cytokinetics Inc South San Francisco CA Dec15
June               (24)               (19)
CytomX Therapeutics South San Francisco CA Dec15
June               (30)               (12)
Cytori Therapeutics San Diego CA Dec15
June               (12)               (18)
Del Frisco's Restaurant Group Inc Southlake TX Dec15
June                 10                   9
Del Taco Restaurants Lake Forest CA Dec15
June                   8                 (0)
Destination XL Group Inc Canton MA Jan16
July                   0                 (2)
DHI Group Inc New York NY Dec15
June                   6                 11
Digimarc Beaverton OR Dec15
June               (11)                 (8)
Donegal Group Inc Marietta PA Dec15
June                 20                 13
Dorchester Minerals LP Dallas TX Dec15
June                   7                   8
DSP Group Inc Los Altos CA Dec15
June                 (2)                   2
DTS Inc Calabasas CA Dec15
June                   5                   3
Ducommun Inc Carson CA Dec15
June                 17                 (0)
DURECT Corp Cupertino CA Dec15
June               (17)               (10)
DXP Enterprises Inc Houston TX Dec15
June                 (0)                 17
Dynex Capital Inc Glen Allen VA Dec15
June               (41)                 21
Eagle Bulk Shipping Inc Stamford CT Dec15
June               (62)               (48)
Earthstone Energy The Woodlands TX Dec15
June               (18)                 (2)
Edge Therapeutics Berkeley Heights NJ Dec15
June               (19)               (10)
Egalet Wayne PA Dec15
June               (42)               (34)
eHealth Inc Mountain View CA Dec15
June                 18                   4
Emerge Energy Services LP Southlake TX Dec15
June               (63)                   9
Empire Resorts Monticello NY Dec15
June               (12)               (12)
Energous Corp San Jose CA Dec15
June               (21)               (13)
EnerNOC Inc Boston MA Dec15
June               (40)               (69)
Enova Intl Inc Chicago IL Dec15
June                 18                 35
Entellus Medical Plymouth MN Dec15
June               (12)                 (7)
Enterprise Bancorp Lowell MA Dec15
June                   9                   7
Esperion Therapeutics Ann Arbor MI Dec15
June               (29)               (24)
Essendant Deerfield IL Dec15
June                 29                 24
Everyday Health Inc New York NY Dec15
June               (25)                 (6)
Exa Corp Burlington MA Jan16
July                 (2)                 (3)
Exactech Inc Gainesville FL Dec15
June                   9                   8
EXCO Resources Dallas TX Dec15
June             (241)             (772)
FairPoint Communications Inc Charlotte NC Dec15
June                 48                 (5)
Farmers & Merchants Bancorp Lodi CA Dec15
June                 15                 13
Farmers Capital Bank Corp Frankfort KY Dec15
June                 10                   8
Farmers National Banc Corp Canfield OH Dec15
June                 10                   3
Federal Agricultural Mortgage Corp Washington DC Dec15
June                 29                 44
Federated National Holding Co Sunrise FL Dec15
June                 11                 21
Fidelity Southern Corp Atlanta GA Dec15
June                 11                 23
Fidus Investment Corp Evanston IL Dec15
June                 20                 13
Fifth Street Asset Management Inc Greenwich CT Dec15
June                 (7)                 20
Financial Institutions Inc Warsaw NY Dec15
June                 15                 13
First Bancorp Troy NC Dec15
June                 14                 13
First Bancorp Inc Damariscotta ME Dec15
June                   9                   8
First Business Financial Services Madison WI Dec15
June                   8                   8
First Community Bancshares Inc Bluefield VA Dec15
June                 12                 12
First Connecticut Bancorp Inc Farmington CT Dec15
June                   7                   6
First Defiance Financial Defiance OH Dec15
June                 14                 13
First Financial Corp Terre Haute IN Dec15
June                 22                 15
First Foundation Inc Irvine CA Dec15
June                   7                   6
First Mid-Illinois Bancshares Inc Mattoon IL Dec15
June                 10                   8
First of Long Island Corp Glen Head NY Dec15
June                 15                 13
Flex Pharma Boston MA Dec15
June               (21)               (13)
Flexion Therapeutics Burlington MA Dec15
June               (31)               (22)
Fluidigm South San Francisco CA Dec15
June               (39)               (31)
Fly Leasing Ltd San Francisco CA Dec15
June                 12               (24)
Fogo de Chao Dallas TX Dec15
June                 12                   7
Foresight Energy LP St Louis MO Dec15
June               (69)                 17
Forestar Group Inc Austin TX Dec15
June                 16                 (3)
Francesca's Holdings Houston TX Jan16
July                 18                 17
Franklin Financial Network Franklin TN Dec15
June                 13                   6
Freshpet Seacaucus NJ Dec15
June                 (5)                 (5)
FutureFuel Corp Clayton MO Dec15
June                 25                 12
Gaia Inc Louisville CO Dec15
June                 (7)                 (5)
Gain Capital Holdings Inc Bedminster NJ Dec15
June                 20                 (1)
Genesis Healthcare Inc Kennett Square PA Dec15
June             (107)             (152)
GenMark Diagnostics Inc Carlsbad CA Dec15
June               (26)               (22)
Geron Corp Menlo Park CA Dec15
June               (17)               (19)
Gilat Satellite Networks Ltd McLean VA Dec15
June                 (8)               (15)
Gladstone Commercial Corp McLean VA Dec15
June                   2                   1
Global Partners LP Waltham MA Dec15
June               (16)                 38
Glu Mobile Inc San Francisco CA Dec15
June               (26)                 (4)
Gold Resource Corp Colorado Springs CO Dec15
June                   6                   6
Golden Entertainment Las Vegas NV Dec15
June                   5                 (2)
GP Strategies Corp Columbia MD Dec15
June                   9                   9
Great Ajax Corp Beaverton OR Dec15
June                 15                   9
Great Lakes Dredge & Dock Corp Oak Brook IL Dec15
June                 (6)                 (6)
Green Bancorp Houston TX Dec15
June                   5                   9
Green Brick Partners Inc Plano TX Dec15
June                 14                 13
Guaranty Bancorp Denver CO Dec15
June                 11                 11
Habit Restaurants Inc Irvine CA Dec15
June                   6                   5
Hackett Group Inc Miami FL Dec15
June                 10                   7
Hallmark Financial Services Inc Fort Worth TX Dec15
June                   5                 12
Handy & Harman Ltd White Plains NY Dec15
June                 (0)                 10
Harmonic Inc San Jose CA Dec15
June               (46)                 (4)
Haverty Furniture Companies Inc Atlanta GA Dec15
June                 10                 11
Hawaiian Telcom Holdco Inc Honolulu HI Dec15
June                   2                   1
HCI Group Tampa FL Dec15
June                 13                 47
Healthways Inc Franklin TN Dec15
June                 39                 21
Heidrick & Struggles Intl Inc Chicago IL Dec15
June                   8                   8
Heritage Commerce Corp San Jose CA Dec15
June                 13                   9
Heritage Insurance Holdings Clearwater FL Dec15
June                 26                 55
Heritage Oaks Bancorp Paso Robles CA Dec15
June                   8                   8
Heritage-Crystal Clean Inc Elgin IL Dec15
June                   0                   1
Heska Corp Loveland CO Dec15
June                   4                   2
Higher One Holdings Inc New Haven CT Dec15
June                 (6)                 (3)
Hill Intl Inc Philadelphia PA Dec15
June                   3                   5
Hills Bancorporation Hills IA Dec15
June                 16                 15
Hingham Institution for Savings Hingham MA Dec15
June                   9                 11
Home Bancorp Inc Lafayette LA Dec15
June                   7                   6
Hooker Furniture Corp Martinsville VA Jan16
July                   8                   7
Horizon Bancorp Michigan City IN Dec15
June                 12                 10
Horizon Global Troy MI Dec15
June                 10                   4
Hornbeck Offshore Services Inc Covington LA Dec15
June               (28)                 55
Iconix Brand Group Inc New York NY Dec15
June                 40                 88
Idera Pharmaceuticals Inc Cambridge MA Dec15
June               (26)               (25)
Ignyta San Diego CA Dec15
June               (52)               (37)
Immersion Corp San Jose CA Dec15
June                 (9)                   2
IMPAC Mortgage Holdings Inc Irvine CA Dec15
June                 13                 51
Impinj Seattle WA Dec15
June                 (3)                   0
Imprivata Inc Lexington MA Dec15
June               (13)               (12)
Independence Holding Company Stamford CT Dec15
June                 10                 10
Independence Realty Trust Inc Philadelphia PA Dec15
June                 31                   0
Independent Bank Corp (MI) Ionia MI Dec15
June                 11                   9
InnerWorkings Inc Chicago IL Dec15
June                 (5)                   4
Inotek Pharmaceuticals Lexington MA Dec15
June               (19)                 (4)
Intelsat SA McLean VA Dec15
June               134               117
Intersect ENT Menlo Park CA Dec15
June               (14)               (11)
Intertape Polymer Group Sarasota FL Dec15
June                 23                 24
Intralinks Holdings New York NY Dec15
June               (13)               (18)
Invacare Corp Elyria OH Dec15
June               (20)               (16)
InVitae San Francisco CA Dec15
June               (50)               (43)
Invivo Therapeutics Holdings Corp Cambridge MA Dec15
June               (12)               (26)
Isabella Bank Corp Mt Pleasant MI Dec15
June                   6                   8
Isramco Houston TX Dec15
June                   2                   3
Jive Software Inc Palo Alto CA Dec15
June               (14)               (17)
Jones Energy Inc Austin TX Dec15
June               (10)               (45)
JPEP Partners LP Irving TX Dec15
June                 (5)                 (4)
Kadmon Holdings New York NY Dec15
June               (70)               (31)
Karyopharm Therapeutics Newton MA Dec15
June               (57)               (59)
KEYW Holding Corp Hanover MD Dec15
June               (25)               (38)
Kinsale Capital Group Richmond VA Dec15
June                 11                 12
Kirkland's Inc Brentwood TN Jan16
July                 (3)                   0
Kratos Defense & Security Solutions Inc San Diego CA Dec15
June               (33)               (30)
La Jolla Pharmaceutical Co San Diego CA Dec15
June               (32)               (20)
Ladenburg Thalmann Financial Services Miami FL Dec15
June               (15)                 (6)
Lakeland Bancorp Inc Oak Ridge NJ Dec15
June                 18                 16
Landmark Infrastructure Partners LP El Segundo CA Dec15
June                 (0)                 (2)
Lands' End Inc Dodgeville WI Jan16
July                 (8)                   9
LeMaitre Vascular Inc Burlington MA Dec15
June                   5                   3
Libbey Inc Toledo OH Dec15
June                   9                 18
Lindblad Expeditions Holdings New York NY Dec15
June                   6                 16
Lion Biotechnologies New York NY Dec15
June               (18)               (12)
Lionbridge Technologies Inc Waltham MA Dec15
June                   4                   9
Live Oak Bancshares Inc Wilmington NC Dec15
June                   5                 12
LivePerson Inc New York NY Dec15
June               (10)                 (7)
LSB Industries Inc Oklahoma City OK Dec15
June               (23)                   1
Lumber Liquidators Holdings Inc Toano VA Dec15
June               (45)               (28)
Lumos Networks Corp Waynesboro VA Dec15
June                 (2)                   6
Macatawa Bank Corp Holland MI Dec15
June                   7                   6
MainSource Financial Group Inc Greensburg IN Dec15
June                 15                 17
MannKind Corp Valencia CA Dec15
June               (55)               (60)
Marine Products Corp Atlanta GA Dec15
June                   9                   7
Marlin Business Services Corp Mt Laurel NJ Dec15
June                   8                   8
MBT Financial Corp Monroe MI Dec15
June                   7                   5
Medgenics Inc Wayne PA Dec15
June               (23)               (15)
MediciNova Inc La Jolla CA Dec15
June                 (7)                 (5)
Medifast Inc Owings Mills MD Dec15
June                   8                 10
Medley Management New York NY Dec15
June                   2                 18
MeetMe Inc New Hope PA Dec15
June                 32                   2
Mercantile Bank Corp Grand Rapids MI Dec15
June                 16                 13
Merchants Bancshares Inc South Burlington VT Dec15
June                   8                   6
Midcoast Energy Partners LP Houston TX Dec15
June               (93)             (287)
Middleburg Financial Corp Middleburg VA Dec15
June                   5                   5
Midland States Bancorp Effingham IL Dec15
June                 12                 13
MidWestOne Financial Group Inc Iowa City IA Dec15
June                 10                   9
Miller Industries Inc Ooltewah TN Dec15
June                 10                   9
Minerva Neurosciences Waltham MA Dec15
June               (13)               (13)
Mobileiron Mountain View CA Dec15
June               (42)               (46)
Monarch Casino & Resort Inc Reno NV Dec15
June                 10                   9
Moneygram Intl Inc Dallas TX Dec15
June                 (1)               (84)
Monroe Capital Corp Chicago IL Dec15
June                 13                   9
Monster Worldwide Inc Weston MA Dec15
June             (122)                   5
MutualFirst Financial Inc Muncie IN Dec15
June                   7                   6
Myers Industries Inc Akron OH Dec15
June                   2                 14
MyoKardia South San Francisco CA Dec15
June               (18)               (10)
MYR Group Inc Rolling Meadows IL Dec15
June                   7                 15
NACCO Industries Inc Cleveland OH Dec15
June                   6                   1
NanoString Technologies Inc Seattle WA Dec15
June               (25)               (27)
National Bankshares Inc Blacksburg VA Dec15
June                   8                   8
National Commerce Corp Birmingham AL Dec15
June                   9                   5
National Research Lincoln NE Dec15
June                 10                   8
Natural Gas Services Group Inc Midland TX Dec15
June                   4                   4
Natural Health Trends Corp Rolling Hills Estates CA Dec15
June                 23                 19
Natural Resource Partners LP Houston TX Dec15
June                 75                 61
Nature's Sunshine Products Lehi UT Dec15
June                   4                   7
Neff Corp Miami FL Dec15
June                 10                 18
NeoPhotonics Corp San Jose CA Dec15
June                   5                   2
Neulion Inc Plainview NY Dec15
June                   1                 (4)
New Home Company Inc Aliso Viejo CA Dec15
June                   2                   5
Newcastle Investment Corp New York NY Dec15
June                 76                 17
NewLink Genetics Corp Ames IA Dec15
June               (56)                 (3)
Newpark Resources Inc The Woodlands TX Dec15
June               (27)                 (3)
NewStar Financial Inc Boston MA Dec15
June                   9                   8
NexPoint Residential Trust Dallas TX Dec15
June                 17                 (8)
Nicolet Bankshares Inc Green Bay WI Dec15
June                   6                   6
NMI Holdings Emeryville CA Dec15
June                 (2)               (18)
NN Inc Johnson City TN Dec15
June                   1                 13
Nobilis Health Houston TX Dec15
June                 (4)                   3
Northern Oil & Gas Inc Wayzata MN Dec15
June             (236)             (480)
NV5 Global Hollywood FL Dec15
June                   5                   3
OceanFirst Financial Toms River NJ Dec15
June                   8                 10
Ocwen Financial Corp West Palm Beach FL Dec15
June             (198)                 44
Old Line Bancshares Inc (MD) Bowie MD Dec15
June                   5                   5
Old Second Bancorp Inc Aurora IL Dec15
June                   7                   8
Olympic Steel Inc Bedford Heights OH Dec15
June                   3               (21)
Omega Flex Exton PA Dec15
June                   6                   7
Omega Protein Corp Houston TX Dec15
June                 14                 10
Omeros Seattle WA Dec15
June               (33)               (35)
On Deck Capital New York NY Dec15
June               (32)                 (1)
Oncomed Pharmaceuticals Redwood City CA Dec15
June               (55)               (36)
One Liberty Properties Inc Great Neck NY Dec15
June                 16                 13
Oppenheimer Holdings Inc  New York NY Dec15
June                 (6)                   2
Orasure Technologies Bethlehem PA Dec15
June                   6                   2
Orchid Island Capital Vero Beach FL Dec15
June                   2                   3
Orchids Paper Products Co Pryor OK Dec15
June                   8                   5
Otonomy San Diego CA Dec15
June               (56)               (25)
Overseas Shipholding Group Inc New York NY Dec15
June                 81               101
Overstock.com Inc Salt Lake City UT Dec15
June                 12                   4
Pacific Continental Corp Eugene OR Dec15
June                   8                   8
Pacific Ethanol Inc Sacramento CA Dec15
June                 (8)                 (3)
Paratek Pharmaceuticals Boston MA Dec15
June               (62)               (26)
Park Sterling Corp Charlotte NC Dec15
June                   8                   8
Parker Drilling Co Houston TX Dec15
June             (136)               (10)
Park-Ohio Holdings Corp Cleveland OH Dec15
June                 12                 24
Patriot National Fort Lauderdale FL Dec15
June                 18                 (4)
Peapack-Gladstone Financial Corp Bedminster NJ Dec15
June                 12                 10
Penns Woods Bancorp Inc Jersey Shore PA Dec15
June                   6                   7
PennyMac Financial Services Inc Moorpark CA Dec15
June               101               113
Peoples Bancorp Inc Marietta OH Dec15
June                 16                   4
Peoples Financial Services Corp Scranton PA Dec15
June                 10                   9
Peoples Utah Bancorp American Fork UT Dec15
June                 11                   9
Permian Basin Royalty Trust Dallas TX Dec15
June                   6                   8
Perry Ellis Intl Inc Miami FL Jan16
July                 11                   8
Pfenex San Diego CA Dec15
June               (18)               (12)
PHI Inc Lafayette LA Dec15
June                 (5)                 17
PICO Holdings Inc La Jolla CA Dec15
June                 (8)               (34)
PJT Partners Inc New York NY Dec15
June                 (3)               (23)
Planet Payment Inc Long Beach NY Dec15
June                   3                   4
Plug Power Inc Latham NY Dec15
June               (25)               (20)
Pope Resources LP Poulsbo WA Dec15
June                 (2)                   6
Potbelly Corp Chicago IL Dec15
June                   5                   3
Preferred Apartment Communities Atlanta GA Dec15
June                 (3)                 (0)
Preferred Bank Los Angeles CA Dec15
June                 16                 14
Preformed Line Products Company Cleveland OH Dec15
June                   5                   3
Primo Water Corp Winston-Salem NC Dec15
June                   3                   1
Progenics Pharmaceuticals Inc Tarrytown NY Dec15
June               (18)               (22)
Proteostasis Therapeutics Cambridge MA Dec15
June               (17)               (12)
PTC Therapeutics South Plainfield NJ Dec15
June               (80)               (76)
QAD Inc Santa Barbara CA Jan16
July                 (2)                   2
QCR Holdings Inc Moline IL Dec15
June                 13                   4
Quorum Health Brentwood TN Dec15
June             (249)                   8
RadNet Inc Los Angeles CA Dec15
June                   2                 (1)
RAIT Financial Trust Philadelphia PA Dec15
June                 16                 27
Reading Intl Inc Los Angeles CA Dec15
June                   5                 19
Real Industry Inc Sherman Oaks CA Dec15
June               (11)               (32)
Reata Pharmaceuticals Irving TX Dec15
June                 (1)                 (0)
Regenxbio Rockville MD Dec15
June               (25)               (10)
Regional Management Corp Greenville SC Dec15
June                 11                   9
Regulus Therapeutics Inc San Diego CA Dec15
June               (42)               (36)
REIS Inc New York NY Dec15
June                   3                   4
Renewable Energy Group Inc Ames IA Dec15
June                   9               (40)
Resource America Inc Philadelphia PA Dec15
June                   5                   5
Resource Capital Corp New York NY Dec15
June                 19                 (5)
RetailMeNot Austin TX Dec15
June                 (1)                   2
Reva Medical Inc San Diego CA Dec15
June               (45)               (18)
Revance Therapeutics Newark CA Dec15
June               (44)               (32)
REX American Resources Corp Dayton OH Jan16
July                 12                 23
Rigel Pharmaceuticals Inc South San Francisco CA Dec15
June               (31)               (32)
Rightside Group Ltd Kirkland WA Dec15
June                 (8)                 (4)
RigNet Inc Houston TX Dec15
June                 (6)                   5
Ring Energy Tulsa OK Dec15
June               (31)                 (0)
Roadrunner Transportation Systems Inc Cudahy WI Dec15
June                   5                 30
Rockwell Medical Inc Wixom MI Dec15
June               (10)                 (6)
RTI Surgical Alachua FL Dec15
June                   0                   7
Rudolph Technologies Inc Wilmington MA Dec15
June                 22                   8
Ryerson Holding Chicago IL Dec15
June                 19                 13
Safeguard Scientifics Inc Radnor PA Dec15
June                 24               (34)
Saga Communications Inc Grosse Pointe Farms MI Dec15
June                   8                   7
Sagent Pharmaceuticals Inc Schaumburg IL Dec15
June                 (6)                 (2)
San Juan Basin Royalty Trust Fort Worth TX Dec15
June                   2                   8
Sanchez Energy Corp Houston TX Dec15
June             (249)          (1,060)
Sangamo Biosciences Inc Richmond CA Dec15
June               (43)               (17)
SciClone Pharmaceuticals Inc Foster City CA Dec15
June                 14                   5
Senseonics Holdings Germantown MD Dec15
June               (23)               (13)
Sequenom Inc San Diego CA Dec15
June               (20)                   5
Servicesource Intl Inc San Francisco CA Dec15
June               (14)               (24)
Sierra Bancorp Porterville CA Dec15
June                   8                   8
Sigma Designs Inc Milpitas CA Jan16
July               (10)                 (0)
Sonus Networks Inc Westford MA Dec15
June                 (8)               (35)
Sorrento Therapeutics Inc San Diego CA Dec15
June               (66)               (21)
Southeastern Bank Financial Corp Augusta GA Dec15
June                   9                 10
Southwest Bancorp Stillwater OK Dec15
June                   7                   9
Spark Energy Houston TX Dec15
June                 26                 17
Spartan Motors Inc Charlotte MI Dec15
June                   5                 (2)
Spectrum Pharmaceuticals Inc Henderson NV Dec15
June               (34)               (28)
Spok Holdings Inc Springfield VA Dec15
June                   7                   7
Sportsman's Warehouse Holdings Midvale UT Jan16
July                   9                   7
STAAR Surgical Co Monrovia CA Dec15
June               (10)                 (4)
State National Companies Bedford TX Dec15
June                 20                 18
Steel Partners Holdings LP New York NY Dec15
June                 12                 28
Stein Mart Inc Jacksonville FL Jan16
July                 16                 18
Stonegate Bank Pompano Beach FL Dec15
June                 13                 11
Stoneridge Inc Warren OH Dec15
June                 17                   8
Suffolk Bancorp Riverhead NY Dec15
June                 11                   9
Summit Financial Group Inc Moorefield WV Dec15
June                   8                   8
Sun Bancorp NJ Vineland NJ Dec15
June                   4                   6
SunCoke Energy Lisle IL Dec15
June                 14                 (6)
Sunedison Semiconductor Ltd St Peters MO Dec15
June             (166)               (25)
Superior Uniform Group Seminole FL Dec15
June                   5                   6
Supreme Industries Inc Goshen IN Dec15
June                 12                   6
Syndax Pharmaceuticals Waltham MA Dec15
June               (19)               (11)
Syros Pharmaceuticals Watertown MA Dec15
June               (23)               (11)
Systemax Inc Port Washington NY Dec15
June                 (3)               (39)
Tandem Diabetes Care San Diego CA Dec15
June               (39)               (41)
TechTarget Inc Newton MA Dec15
June                   2                   3
Teligent Inc Buena NJ Dec15
June                 (4)                 16
Telos Corp Ashburn VA Dec15
June                 (1)                 (4)
TerraVia Holdings South San Francisco CA Dec15
June               (54)               (72)
Territorial Bancorp Inc Honolulu HI Dec15
June                   8                   7
Tesco Corp Houston TX Dec15
June               (76)               (36)
TG Therapeutics Inc New York NY Dec15
June               (30)               (32)
The Chefs Warehouse Inc Ridgefield CT Dec15
June                 (7)                   4
THL Credit Inc Boston MA Dec15
June                 (1)                 30
TICC Capital Corp Greenwich CT Dec15
June                 31                 31
Timkensteel Canton OH Dec15
June               (24)               (17)
Titan Intl Inc Quincy IL Dec15
June               (11)                   3
Titan Machinery Inc West Fargo ND Jan16
July                 (7)                 (7)
Tobira Therapeutics South San Francisco CA Dec15
June               (26)               (18)
Tower Intl Inc Livonia MI Dec15
June                 24                 35
TPI Composites Scottsdale AZ Dec15
June                 13                 (2)
TravelCenters of America LLC Westlake OH Dec15
June                 (6)                 20
Trecora Resources Sugar Land TX Dec15
June                 19                 12
Trevena King of Prussia PA Dec15
June               (37)               (24)
Tristate Capital Holdings Inc Pittsburgh PA Dec15
June                 13                 11
Triumph Bancorp Dallas TX Dec15
June                 10                 19
tronc Chicago IL Dec15
June                 (2)                   6
Tronox Ltd Stamford CT Dec15
June             (140)             (164)
Tropicana Entertainment Inc Las Vegas NV Dec15
June                 15                 16
Trupanion Seattle WA Dec15
June                 (4)               (10)
TubeMogul Emeryville CA Dec15
June               (12)                 (8)
Ultra Clean Holdings Inc Hayward CA Dec15
June                 (3)                   3
Ultra Petroleum Corp Houston TX Dec15
June                 (8)                   1
UMH Properties Inc Freehold NJ Dec15
June                   5                   1
Unisys Corp Blue Bell PA Dec15
June               (13)               (97)
United Community Financial Corp Youngstown OH Dec15
June                   9                   8
United Insurance Holdings Corp St Petersburg FL Dec15
June                 13                   5
United States Lime & Minerals Inc Dallas TX Dec15
June                   8                   5
Universal Logistics Holdings Warren MI Dec15
June                 17                 21
USD Partners LP Houston TX Dec15
June                   7                   5
USMD Holdings Irving TX Dec15
June                 (7)                 (2)
Utah Medical Products Inc Midvale UT Dec15
June                   6                   6
Valeritas Holdings Bridgewater NJ Dec15
June               (27)               (41)
Vanda Pharmaceuticals Washington DC Dec15
June               (17)               (16)
Vectrus Inc Colorado Springs CO Dec15
June                 13                 11
Versartis Menlo Park CA Dec15
June               (46)               (42)
Vicor Corp Andover MD Dec15
June                 (6)                   4
Vince Holding New York NY Jan16
July                 (4)                 (3)
VirnetX Holding Corp Zephyr Cove NV Dec15
June               (14)               (15)
Vitae Pharmaceuticals Fort Washington PA Dec15
June               (20)               (19)
Vital Therapies San Diego CA Dec15
June               (19)               (30)
Vivint Solar Lehi UT Dec15
June             (158)             (150)
Vocera Communications Inc San Jose CA Dec15
June                 (6)               (10)
Voyager Therapeutics Cambridge MA Dec15
June               (17)               (18)
VSE Corp Alexandria VA Dec15
June                 13                 11
W T B Financial Corp Spokane WA Dec15
June                 26                 21
WashingtonFirst Bankshares Inc Reston VA Dec15
June                   8                   6
Waterstone Financial Inc Wauwatosa WI Dec15
June                 12                   8
Wave Life Sciences Ltd Cambridge MA Dec15
June               (19)                 (7)
WCI Communities Bonita Springs FL Dec15
June                 16                 16
West Bancorporation Inc West Des Moines IA Dec15
June                 11                 10
West Marine Inc Watsonville CA Dec15
June                 12                 11
Western Asset Mortgage Capital Pasadena CA Dec15
June               (19)                 12
Westwood Holdings Group Inc Dallas TX Dec15
June                   9                 15
Weyco Group Inc Glendale WI Dec15
June                   4                   6
WhiteHorse Finance Miami FL Dec15
June                 14                 11
Whitestone REIT Houston TX Dec15
June                   7                   3
Winmark Corp Minneapolis MN Dec15
June                 10                 11
WMIH Corp Seattle WA Dec15
June                 78               (68)
Xactly San Jose CA Jan16
July                 (9)                 (8)
Xenith Bankshares Richmond VA Dec15
June                   5                   5
XO Group Inc New York NY Dec15
June                   7                   5
Your Community Bankshares Inc New Albany IN Dec15
June                   7                   3
YRC Worldwide Inc Overland Park KS Dec15
June                 15                   4
ZAIS Group Holdings Red Bank NJ Dec15
June               (11)               (11)
Zero Gravity Solutions Boca Raton FL Dec15
June                 (5)                 (2)
Zogenix Emeryville CA Dec15
June               (28)               (17)
Zumiez Inc Lynnwood WA Jan16
July                 (3)                   6









Total all 532 Except NII Holdings




         (3,993)          (3,720) 7%









NII Holdings Reston VA Dec15
June               (38)            1,519









Total all 533




         (4,031)          (2,201) 83%

I'm going to have to accumulate some more earnings and loss numbers on additional smaller publicly-held US Companies.  Tax legislation passed clearly has consequences.