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Posted 20 Jun 2001   For week ended June 22, 2001
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Sent on Mormon-News: 18Jun01

By Kent Larsen

MSI: MSI Drops, But Less Than Market

NEW YORK, NEW YORK -- The Mormon Stock Index fell 3 1/4% last week to 117.72, along with most US stocks, but it fell less than the NASDAQ (down 8.4% last week). Leading the down stocks this week was Corvis Corp., which dropped 26%, but their decline was offset somewhat by AES Corp., which gained a modest 3 3/4%.

Several other stocks also contributed to the drop in the index, which included 17 down stocks and 12 gainers. Avista Corp., Franklin Covey, Micrel Semiconductor, Myriad Genetics and Swift Transportation all fell more than 10%.

Meanwhile, Mormon News learned of another public company with an executive with Mormon heritage. MetalClad Corporation President and CEO Grant Kesler is a former Utah Assistant Attorney General and former member of the LDS Church. MetalClad provides insulation and asbestos abatement services and recently won a $15.6 million settlement from Mexico. However, MetalClad's market capitalization doesn't meet the $100 million requirement for inclusion in the Mormon Stock Index.

Mormon Stock Index  117.72down 3.34
CompanySymbolLDS ExecutiveClosing PriceChange
AES Corp.AESRoger W. Sant, Chairman42.93up 1.56
Avista Corp.AVAGary Ely, Chairman19.22down 2.20
Black & DeckerBDKNolan D. Archbald, CEO37.35down 2.32
Bay View Capital CorpBVCMatt Carpenter, COO7.16up 0.01
Cadence DesignCDNRaymond Bingham, President & CEO21.85down 1.90
Computerized Thermal Imaging, Inc. CIODavid Packer, President & COO4.17up 0.11
CorvisCORVDavid Huber, CEO4.30down 1.50
1-800-ContactsCTACJonathan C. Coon, President & CEO25.06up 0.80
Dell ComputerDELLKevin B. Rollins, Vice Chairman24.32down 1.37
DionexDNEXA. Blaine Bowman, President & CEO28.58down 1.37
EarthShellERTHSimon K. Hodson, CEO3.42down 0.30
Franklin CoveyFCStephen R. Covey, Chairman5.75down 0.75
Hillenbrand IndustriesHBFrederick Rockwood, President & CEO56.25up 2.35
Hollywood EntertainmentHLYWMark J. Wattles, CEO8.07up 0.68
Host MarriottHMTRichard Marriott, Chairman12.88up 0.61
IomegaIOMDavid J. Dunn, Chairman2.41down 0.17
JP RealtyJPRSeveral Mgmt Team Members, 22.36up 0.16
Knight TransportationKNGTKeith, Gary & Kevin Knight, 17.80up 6.80
Marriott InternationalMARJ.W. Marriott, Jr., Chairman45.74up 0.32
Micrel SemiconductorMCRLRay Zinn, Chairman and CEO 29.15down 5.40
Myriad GeneticsMYGNChristopher L. Wight, VP, General Counsel65.61down 8.58
NovellNOVLStewart Nelson, COO4.74up 0.08
NuSkinNUSAll Mormon Mgmt, 7.89up 0.09
OakleyOOJim Jannard, Chairman & CEO20.00down 1.80
Ryder SystemsRTony Burns, Chairman19.56down 1.86
Sky West AirlinesSKYWJerry Atkin, Chairman & CEO27.85down 0.59
Swift TransportationSWFTJerry Moyes, Chairman & CEO14.84down 1.66
Cornerstone REITTCRGlade M. Knight, Chairman & CEO10.51down 0.06
Zions BancorpZIONHarris Simmons, Chairman56.36down 0.14

The following companies do not meet the $100 million capital requirement for inclusion in the Mormon Stock Index:

  • Buyer's Online (BUYO.OB)
  • Caldera Systems (CALD)
  • Fonix (FONX.OB)
  • I-Link (ILNK)
  • MITY Enterprises (MITY)
  • Metalclad (MTLC)
  • Ten Fold (TENF)
  • Washington Group Intl (WNG)

Please Help Us Confirm Other Mormon Companies:

Mormon News' research confirms that there are probably other companies with Mormon management that we currently don't know about. Our research uncovered several Utah companies which may have Mormon executives, but which we were unable to confirm as of yet. If you have any confirming information about the following companies, please let me know:

  • FX Energy
  • Gertner Communications
  • Headwaters, Inc.
  • Nature's Sunshine
  • Questar
  • Sonic Innovations


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