Thursday, April 11, 2019

The 17 Largest Alabama Cos Saw Their Total Pretax Operating Income Decline By 10% in the 4Q of 2018 From the 4Q of 2017, After Increasing By 35% in the 3Q 2018, the Latter Due To Medical Properties Trust's $647 Mil Gain on Real Estate Sale or Other

Since Alabama is one of the 12 Super Tuesday US States Holding Their 2020 Democratic Presidential Early Primary on March 3, 2020, I Think It Might Be Helpful to Research Just How Alabama Companies Have Performed Recently on the Pretax Operating Earnings Front
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From a review of SEC filings, I found 14 Alabama Companies with stock markets caps of above $100 mil recently.  And I found 3 additional Alabama Companies filing with the SEC, whose common stock doesn't trade but with Total Stockholder Equity of more than $100 mil recently.

The chart below shows the Gold-Standard US GAAP Pretax Operating Income (Loss) for the 4Q  and the 3Q of both 2018 and 2017 for each of these 17 Alabama Companies.  Sixteen of these 17 Companies have December quarter ends.


US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Operating Operating Operating Operating
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
Dec 2018 Dec 2017 % Sep Qtr Sep Qtr %
Alabama Companies Jan 2019 Jan 2018 Change Oct Qtr Oct Qtr Change
Market Caps Above $100 Mil or Alabama or Feb 2019 or Feb 2018 Better or Nov Qtr or Nov Qtr Better
Book Value of Stk Eq > $100 Mil City HQs Quarter Quarter (Worse) 2018 2017 (Worse)
mils $ mils $ mils $ mils $
Regions Financial Birmingham             491             541             455             450
Vulcan Materials Birmingham             186             149             249             227
Alabama Power Birmingham             164             254             561             601
Warrior Met Coal Brookdale             157               67               63               83
Encompass Health Birmingham             111             169             173             162
Medical Properties Trust Birmingham               75               74             739               77
Protective Life Birmingham               56               86             137             111
ServisFirst Bancshares Birmingham               45               36               43               37
Spire Alabama Birmingham               17               18              (11)                (8)
National Commerce Corp Birmingham               14               12               17               11
Computer Programs&Systems Mobile               10              (18)                 5                 6
Hibbett Sports Birmingham                 9               16                 2               12
Construction Partners Dothan                 7               11               20               21
Auburn National Bancorp Auburn                 3                 3                 2                 3
River Financial Prattville                 2                 3                 3                 3
ADTRAN Inc Huntsville                (4)                (4)                (2)               18
ProAssurance Birmingham              (39)               34               31               35
Total all 17 Alabama Cos          1,304          1,451 -10%          2,487          1,849 35%




Wednesday, April 10, 2019

The 29 Largest Nevada Cos Saw Their Total Audited Pretax Operating Income Growth Decline Sharply in Both Annual 2018 and 2017: Annual 2016 Up 60% From Annual 2015, Annual 2017 Up 25% From 2016 and Annual 2018 Precisely Flat With 2017

Since Democratic 2020 Presidential Candidates Are Now Campaigning in the Key Early Primary State of Nevada, I Think It Might Be Helpful to Research Just How Nevada Companies Have Performed in the Most Recent Three Years on the Pretax Operating Earnings Front
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From a review of SEC filings, I found 29 Nevada Companies with stock markets caps of above $100 mil sometime in 2018.

The chart below shows the Gold-Standard US GAAP Audited Pretax Operating Income (Loss) for Annual Fiscal Year Ends (FYEs) 2018, 2017, 2016 and 2015 for each of these 29 Nevada Companies.

Most Audited Audited Audited Audited
Recent Pretax Pretax Pretax Pretax 2018 vs 2017 vs 2016 vs
Annual Operating Operating Operating Operating 2017 2016 2015
Audited Income Income Income Income Better Better Better
Nevada Financial (Loss) (Loss) (Loss) (Loss) (Worse) (Worse) (Worse)
Nevada Companies City State Sts FYE FYE FYE FYE % % %
Stock Market Caps > $100 Mil HQs HQs FYE 2018 2017 2016 2015 Change Change Change
 $ mils  $ mils  $ mils  $ mils
Las Vegas Sands Las Vegas NV Dec 18       3,751       3,464       2,502       2,841
MGM Resorts Intl Las Vegas NV Dec 18       1,469       1,713       2,078        (153)
Amerco Reno NV Mar 18          764          742          867          663
Caesars Entertainment Las Vegas NV Dec 18          739          537          226          318
Wynn Resorts Ltd Las Vegas NV Dec 18          736       1,056          522          659
MGM Growth Properties LLC Las Vegas NV Dec 18          476          353          154        (262)
Red Rock Resorts Las Vegas NV Dec 18          372          331          310          287
Southwest Gas Holdings Las Vegas NV Dec 18          357          343          315          312
Boyd Gaming Las Vegas NV Dec 18          355          344          260          272
Eldorado Resorts Reno NV Dec 18          310            95            89            73
Scientific Games Las Vegas NV Dec 18          266          393          131     (1,025)
Allegiant Travel Las Vegas NV Dec 18          244          231          373          372
Ormat Technologies Reno NV Dec 18          185          205          202          164
Employers Holdings Reno NV Dec 18          170          144          141            99
Everi Holdings Las Vegas NV Dec 18            86            82        (119)          (10)
Switch Las Vegas NV Dec 18            55            19            51            80
Golden Entertainment Las Vegas NV Dec 18            51            15            13            18
Monarch Casino Reno NV Dec 18            43            41            39            33
Rimini Street Las Vegas NV Dec 18            25            22            14          (42)
PlayAGS Las Vegas NV Dec 18            25            15          (17)          (29)
CV Sciences Las Vegas NV Dec 18            10            (5)          (13)          (11)
Full House Resorts Las Vegas NV Dec 18              7              7              6              5
PICO Holdings Carson City NV Dec 18            (3)            10          (26)          (37)
Eyenovia Reno NV Dec 18          (17)            (5)            (4)            (4)
VirnetX Holdings Zephyr Cove NV Dec 18          (25)          (17)          (29)          (29)
Remark Holdings Las Vegas NV Dec 18          (45)          (37)          (23)          (23)
PDL Biopharma Incline Village NV Dec 18          (51)          194          129          550
Spectrum Pharmaceuticals Henderson NV Dec 18        (131)          (97)          (63)          (43)
Cannae Holdings Las Vegas NV Dec 18        (150)          (78)            (2)          (12)
Total all 29 Nevada Cos     10,074     10,117       8,126       5,066 0% 25% 60%



Tuesday, April 9, 2019

The 19 Largest South Carolina Cos Saw Their Total Audited Pretax Operating Income Collapse (Down 59%) in Annual 2017 From 2016, Then Recover Very Modestly in Annual 2018 (Up 6%) From the Reduced Low 2017 Total Operating Income Base

Since Democratic 2020 Presidential Candidates Are Campaigning All Over the Key Early Primary State of South Carolina, I Think It Might Be Helpful to Research Just How South Carolina Companies Have Performed in the Most Recent Two Years on the Pretax Operating Earnings Front
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From a review of SEC filings, I found 19 South Carolina Companies with stock markets caps of above $100 mil recently.

The chart below shows the Gold-Standard US GAAP Audited Pretax Operating Income (Loss) for Annual Fiscal Year Ends (FYEs) 2018, 2017 and 2016 for each of these 19 South Carolina Companies.
Most Audited Audited Audited
Recent Pretax Pretax Pretax 2018 vs 2017 vs
Annual Operating Operating Operating 2017 2016
South Audited Income Income Income Better Better
Carolina Financial (Loss) (Loss) (Loss) (Worse) (Worse)
South Carolina Companies City State Sts FYE FYE FYE % %
Stock Market Caps Above $100 Mil HQs HQs FYE 2018 2017 2016 Change Change
 $ mils  $ mils  $ mils
Sonoco Products Hartsville SC Dec 18             438             412             505
Domtar Fort Mill SC Dec 18             386            (328)             208
Ingevity North Charleston SC Dec 18             252             191             105
South State Columbia SC Dec 18             224             169             154
AVX Corp Fountain Inn SC Mar 18             180             164             124
World Acceptance Greenville SC Mar 18             101             114             138
Denny's Corp Spartanburg SC Dec 18               74               71               47
ScanSource Greenville SC Jun 18               68               88               97
Carolina Financial Corp Charleston SC Dec 18               62               42               25
Blackbaud Charleston SC Dec 18               59               68               68
Regional Management Greer SC Dec 18               46               40               39
Southern First Bankshares Greenville SC Dec 18               29               24               20
Delta Apparel Greenville SC Sep 18               17               16               16
First Community Corp Lexington SC Dec 18               14                 9                 9
Bank of South Carolina Charleston SC Dec 18                 8                 8                 7
Oconee Federal Financial Seneca SC Jun 18                 5                 7                 7
Benefitfocus Charleston SC Dec 18              (40)              (38)              (32)
3D Systems Corp Rock Hill SC Dec 18              (43)              (54)              (38)
SCANA Corp Cayce SC Dec 18            (729)               85          1,167
Total all 19 South Carolina Cos          1,151          1,088          2,666 6% -59%