Thursday, October 18, 2012

Delaware Corp Stock Prices Up an Average 90% Since President Obama Took Office

In a past post, from an extensive review of SEC filings, I found 7 Corps headquartered in the State of Delaware, which generated Ongoing, Core Pretax Income or Pretax Loss of at least $10 mil in any of the most recent three fiscal years.

Delaware Corp 2011 Earnings

Of these 7 Delaware Corps, 5 of them had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on yesterday's date, Wednesday, October 17, 2012.

I retrieved all of the below stock market closing price information from the excellent Big website.

These 5 Delaware Corps had an average stock market price increase of 90% since President Obama took office on January 20, 2009.  This is more than the increase in both the S&P 500 Index, which increased by 72%, and the increase in the Dow Industrials Index, which increased by 64%, both during the same time span.

Delaware citizens have to be extremely happy with the stock market performance of their many fine Delaware companies during the Obama Administration.

And Delaware citizens also must be very pleased with how the Obama Administration worked so hard and very effectively on so many fronts to create a US economic environment that permitted these Delaware companies to flourish.  This highly successful effort created a robust US economic environment which was quite a change from what existed in the just horrible financial meltdown, near Depression year of 2008.

Below here are the common stock market closing prices of each of these 5 Delaware Corps at both the most recent date, and also at the date just before President Obama took office, as well as the percentage stock market price changes for this period of time.

Market Market Percentage

Delaware Price Price Increase

HQs 10-17-12 1-16-09 (Decrease)

S&P 500 Index 1,460.91 850.12 72%
Dow Industrials Index 13,557.00 8,281.22 64%

Delaware Largest Corps

Shiloh Industries Wilmington $11.43 $2.70 323%
DuPont Wilmington $49.85 $24.97 100%
SLM Newark $17.16 $11.50 49%
WSFS Financial Wilmington $43.18 $41.47 4%
Dover Downs Gaming & Entertainment Dover $2.50 $3.34 -25%

Average Increase: All 5 Delaware Largest Corps