Tuesday, February 18, 2020

Largest Colorado Companies Post Total Operating Income Declines in Each of the First Three Quarters of 2019: September 2019 Quarter Down 13%, June 2019 Quarter Down 9% and March 2019 Quarter Down 16%

There are 12 Colorado Companies with stock market caps above $10 bil recently.

From a review of SEC filings, below are the Operating Income (Loss) for each of these 12 largest Colorado Companies in the September Quarter, the June Quarter and the March Quarter of both 2019 and 2018.


Operatimg Operatimg Operatimg Operatimg Operatimg Operatimg
Income Income Income Income Income Income
(Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Sept Sept June June March March
Colorado Largest Companies Quarter Quarter Quarter Quarter Quarter Quarter
Market Caps Above $10 Bil 2019 2018 2019 2018 2019 2018
mils $ mils $ mils $ mils $ mils $ mils $
Newmont Mining Greenwood Village               458             (114)                 12               215               288               315
Liberty Formula One Group Englewood                 32                 31                 14                   6               (58)             (118)
Liberty Broadband Englewood                 (8)                 (4)                 (7)                 (5)                 (6)                   2
Ball Corp Broomfield               198               268               307               243               221               226
Dish Networks Englewood               469               563               431               573               456               530
Liberty SiriusXM Group Englewood               454               455               413               333               307               396
UDR Inc Highlands Ranch                 59                 55                 65                 55                 52               118
Liberty Global plc Englewood               209               205               149               264               106               118
Molson Coors Brewing Denver             (237)               470               (66)               (77)               222               430
Western Union Denver               197               303               259               284               251               265
DaVita Denver               378               289               462               438               341               411
Vail Resorts Broomfield             (121)             (113)               423               368               302               258
Total all 12 Colorado Companies            2,088            2,408            2,462            2,697            2,482            2,951
... % Change From Prior Year Quarter -13% -9% -16%

When the key Total Operating Income declines markedly in each of the first three quarters of 2019, that signals unhealthy future pay raises for the many already underpaid Colorado non-executive employees.

Colorado 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 Colorado Company Top-Tier executives and their already massively underpaid, hardworking Colorado 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 Colorado 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.