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Article: Colorado's public companies reflect, defy recession's ill effects.
- Article from:
- ColoradoBiz
- Article date:
- June 1, 2009
CopyrightCOPYRIGHT 2009 Wiesner Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Publicly traded companies based in Colorado showed the effects of the recession in 2008, with moves out of state, mergers and bankruptcies combining to push 15 companies off this year's Top 100 Public Companies ranking.
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The most visible absence this year is Frontier Airlines, which filed for bankruptcy protection in April 2008. Originally scheduled to submit a reorganization plan on June 4, the airline in May asked the U.S. Bankruptcy Court for a deadline extension to Oct. 9, The Denver Post reported.
Overall, nearly half - 48 - of the companies in the ranking reported negative net incomes in 2008. On a positive note, ...