Then in 2017, Donald Trump's First Year in
Office, These Same Lafayette, Indiana Cos Generated Audited Total Pretax Income
Which Decreased By a Huge 52% From That in 2016.
........................................................................................
From a review of US SEC filings, there were 2 Companies headquartered
in Lafayette, Indiana with stock market caps of more than $100 mil recently.
Nearly all Republicans, a high percentage of Independents and
even many perceptive Democrats all agree as a starting point that for US
capitalism to work properly, Companies must generate in the aggregate
reasonably healthy profits. This just didn't come even close to happening
in 2017 for Lafayette, Indiana Companies.
My focus is on Pretax Income rather than on After-Tax Net Income
because Income Taxes are simply a transfer of financial wealth between US
Corporations and the US Federal, US State and Foreign Governments. It has
nothing whatsoever to do with Company Operating Performance.
From a review of SEC filings, the chart below shows the Audited
Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the
Fiscal Years Ended 2017, 2016 and 2015 for these 2 Lafayette, Indiana
Companies.
| FYE | FYE | FYE | 2017 | 2016 | |||||
| 2017 | 2016 | 2015 | Better | Better | |||||
| Audited | Audited | Audited | (Worse) | (Worse) | |||||
| Pretax | Pretax | Pretax | Than | Than | |||||
| Lafayette, Indiana Companies | Most | Income | Income | Income | 2016 | 2015 | |||
| Stock Market Caps Above $100 Mil | Recent | (Loss) | (Loss) | (Loss) | % | % | |||
| FYE | $ mils | $ mils | $ mils | Change | Change | ||||
| Wabash National Corp | Lafayette | IN | Dec 17 | 123 | 185 | 163 | -34% | 13% | |
| Endocyte | Lafayette | IN | Dec 17 | (55) | (44) | (41) | 25% | 7% | |
| Total 2 Lafayette Cos | 68 | 141 | 122 | -52% | 16% |
