Friday, August 14, 2020

Mississippi Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up an Incredible 227% Per Year ..... Than They Did During the Trump Administration's First Three Full Years in Office (2017-2019) ..... Up 24% Per Year

From a review of SEC filings and Google Finance, there were 10 Mississippi Companies with stock market caps of above $100 mil in June 2020 and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Years from 2008-2019).   I included Companies which were headquartered in Mississippi for at least 6 of these 12 years.  

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 10 Mississippi Companies for fiscal year end 2019, the last year of the Trump Administration's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Trump Administration as well as also the last year of the Obama Administration, and for fiscal year end 2008, the year before the start of the Obama Administration.


Average Average
  Annual  Annual 
Annual Audited Audited Audited % Change % Change
Audited Pretax Pretax Pretax During During
  Fincl Income Income Income Trump Obama
    Sts (Loss) (Loss) (Loss) Admin's Admin's
Mississippi Companies   State 2019 FYE FYE FYE 3 Years 8 Years
Market Caps Above $100 Mil City HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
Hancock Whitney  Gulfport  MS Dec 19                393                187                  87 37% 14%
BancorpSouth Bank  Tupelo  MS Dec 19                300                196                174 18% 2%
Renasant Corp  Tupelo  MS Dec 19                216                136                  33 20% 39%
Trustmark Corp  Jackson  MS Dec 19                174                139                136 8% 0%
East Group Properties  Ridgeland  MS Dec 19                123                  96                  33 9% 24%
Callon Petroleum  Natchez  MS Dec 19                122                (92)              (479) NM NM
Sanderson Farms  Laurel  MS Oct 19                  64                293                (74) -26% NM
FirstBancshares Inc  Hattiesburg  MS Dec 19                  56                  14                    3 100% 46%
Cal-Maine Foods  Jackson  MS May 20                  20              (114)                121 NM -24%
Citizens Holding Co  Philadelphia  MS Dec 19                    7                    8                  11 -4% -3%
Total all 10 Mississippi Companies             1,475                863                  45 24% 227%