Sunday, November 1, 2020

Nevada Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama/Biden Administration's Eight Years in Office 2009-2016 (Up a Simple Average Annual Growth of an Off-the-Charts 157% Per Year) Than They Did During the Trump/Pence Administration's First Three Full Years in Office 2017-2019 (Up a Simple Average Annual Growth of 26% Per Year)

From a review of SEC filings and Google Finance, there were 19 Nevada Companies with stock market caps of above $100 mil in mid-July 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 (Fiscal Years from 2008-2019).   Caesars Entertainment was excluded because it had a bankruptcy and corporate restructuring and thus its earnings numbers are not very meaningful. 

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 19 Nevada Companies for fiscal year end 2019, the last year of the Donald Trump/Mike Pence's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Donald Trump/Mike Pence Administration as well as also the last year of the Barack Obama/Joe Biden Administration, and for fiscal year end 2008, the year before the start of the Barack Obama/Joe Biden Administration.