Monday, February 17, 2020

Arkansas Companies Total Operating Income Declines By 5% in the December 2019 Quarter and By 2% in the September 2019 Quarter. The June 2019 Quarter Operating Income Was Precisely Flat.

There are 8 Arkansas Companies with stock market caps above $2 bil recently.

From a review of SEC filings, below are the Operating Income (Loss) for these 8 Arkansas Companies in the December, September and June Quarters of both 2019 and 2018.


Operating Operating Operating Operating Operating Operating
Income Income Income Income Income Income
(Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Dec Dec Sept Sept June June
Arkansas Largest Companies Quarter Quarter Quarter Quarter Quarter Quarter
Market Caps Above $2 Bil 2019 2018 2019 2018 2019 2018
mils $ mils $ mils $ mils $ mils $ mils $
Walmart Bentonville            4,718            4,986            5,583            5,750            4,945            5,154
Tyson Foods Springdale               826               807               604               819               635               494
JB Hunt Transport Services Lowell               205               123               168               175               193               215
Bank OZK Little Rock               136               154               136               100               145               153
Murphy Oil El Dorado               (37)                 51               226               123               171                 22
Home Bancshares Conway                 96                 93               100               106                 95               100
Murphy USA El Dorado                 74               113               121                 70                 56                 82
Simmons First National Pine Bluff                 66                 67               105                 66                 72                 67
Total all 8 Arkansas Cos            6,084            6,394            7,043            7,209            6,312            6,287
….. % Change From Prior Year Quarter -5% -2% 0%


Such weak operating income signals unhealthy future pay raises for the many already underpaid Arkansas non-executive employees.

Arkansas Company non-executive workers really have had the deck stacked against them for decades versus what is going on with the sky-high annual percentage pay and employee benefit raises of their Companies' Top-Tier Executives.

So which 2020 Democratic Presidential candidate could best help close this massive annual percentage pay raise gap between Arkansas Company Top-Tier executives and their already massively underpaid, hardworking Arkansas non-executive employees?

More than anything needed to solve this thorny problem is to possess exceptionally strong financial and data science skills, coupled with a keen understanding of how businesses operate.  And you also must have a high degree of  economic fairness. 

Joe Biden, Bernie Sanders, Elizabeth Warren and Amy Klobuchar all have little if any financial acumen, no data science understanding and little if any understanding of how businesses operate.

Further, all four of them worked for the US Government, particularly in the past ten years, when these comparative pay raise results of Top-Tier Executives and non-executive employees were so horrendous, not just in Arkansas but also in every other US State.  

On the positive side, all four of them have a high degree of economic fairness.

Michael Bloomberg has both the financial acumen and the understanding of how businesses operate.  

But he has no data science expertise. 

Also and most important of all, Bloomberg has a low degree of economic fairness.  In the many years he was accumulating his wealth of $60+ bil, US income inequality expanded dramatically in each year by leaps and bounds.  So, like many US business tycoons with their sole fixation on maximization of Company profits, Bloomberg accumulated his massive wealth on the backs of the declining US middle class and the growing number of people dropped to the lower economic class.  And by his punitively racial "Stop and Frisk" policy, many New York City people of color were physically thrown against the wall.

And while he was accumulating his massive amount of wealth, Bloomberg was against unions.


I think there is only one Democratic Presidential candidate who has the requisite financial acumen, data science skills, understanding of how business operate and economic fairness to help turn the tide around on this massive, continuing US income inequality expansion caused mainly by the massive gap in annual percentage pay raises between executive and non-executive employees  ....Pete Buttigieg.