These 11 Largest Kansas Corps filing with the SEC generated Externally Audited US GAAP Total After-tax Net Loss from Continuing Operations of $1.8 bil in the most recent fiscal year 2011, which was 50% lower than the Total After-tax Net Loss of $3.5 bil of these same 11 Kansas companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.
Kansas Corp 2011 Earnings
Since corporate earnings drive stock prices, in this post I turn my attention to just how well the stock market prices of these Kansas Corps have performed since President Obama took office.
Of these 11 Kansas Corps, 9 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 last Friday, October 19, 2012.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 9 Kansas Corps had an average stock market price increase of 86% since President Obama took office on January 20, 2009. This is higher than both the 69% increase in the S&P 500 Index and the 61% increase in the Dow Industrials Index, both during the same time span.
Kansas citizens have to be very happy with the stock market performance of their many fine Kansas companies during the Obama Administration.
And Kansas 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 Kansas 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.
So it's not just the Blue States and Swing States which have had very robust average stock market price increases during the Obama Administration. Corporations in all Red States, including Kansas, have also been fortunate to experience these very nice average stock market price increases too. This just shows that the Obama Administration has been evenhanded in focusing on creating an excellent US economic environment that have permitted businesses all throughout the country to prosper.
Below here are the common stock market closing prices of each of these 9 Kansas companies 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.
|S&P 500 Index||1,433.19||850.12||69%|
|Dow Industrials Index||13,343.51||8,281.22||61%|
|Kansas Largest Corps|
|Sprint Nextel||Overland Park||$5.65||$2.21||156%|
|Waddell & Reed||Overland Park||$32.67||$14.34||128%|
|YRC Worldwide||Overland Park||$6.72||$3.52||91%|
|Compass Minerals||Overland Park||$77.27||$51.36||50%|
|Capitol Federal Financial||Topeka||$11.60||$19.61||-41%|
|Average Increase: All 9 Largest Kansas Corps||86%|