From the Editor by David Staats: An eye on Idaho public companies

dstaats@idahostatesman.comMay 7, 2013 

Staats, David

David Staats

SHAWN RAECKE — Shawn Raecke/ Idaho Statesman Buy Photo

This is quarterly earnings season, when our business-news team watches for news from Idaho’s top publicly traded companies.

Privately held companies usually aren’t required to disclose revenues, profits and losses. Public companies are. That’s largely a legacy of Great Depression-era investment scams that led Congress to pass the Securities Exchange Act of 1934. That and other laws protect shareholders by requiring honesty and transparency in company finances.

Anyone, including reporters, can use the law to obtain information about businesses like Micron Technology Inc. or IdaCorp that private companies, like J.R. Simplot Co. or Albertson’s LLC, won’t disclose.

Idaho has 13 companies whose stocks trade on the major U.S. exchanges: The New York Stock Exchange and its small-cap companion, the NYSE Mkt; and the Nasdaq and its small-cap Nasdaq Capital Market. One company, Timberline Resources of Coeur d’Alene, might be delisted from the NYSE Mkt for falling short of listing standards; its stock has been trading lately for around 20 cents. Another, Coeur d’Alene Mines Corp., plans to leave Idaho for Chicago this year.

We stay on top of the big ones most important to the Valley, like Micron, IdaCorp, Boise Cascade, Boise Inc. and MWI Veterinary Supply. We report their quarterly earnings. Also, readers of the print Statesman will find data on all the companies under “Idaho Public Companies” on the daily stock page.

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dstaats@idahostatesman.com

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