Thursday, October 18, 2012

Maine Corp Stock Prices Up an Average 163% Since President Obama Took Office

In a past post, from an extensive review of SEC filings, I found 5 Corps headquartered in the State of Maine, which generated Ongoing, Core Pretax Income or Pretax Loss of at least $10 mil in any of the most recent three fiscal years.

Maine Corp 2011 Earnings

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

These 5 Maine Corps had an average stock market price increase of an exceptional 163% since President Obama took office on January 20, 2009.  This is more than double 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.

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

And Maine 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 Maine 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 Maine 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

Maine 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%

Maine Largest Corps

Wright Express South Portland $71.90 $12.01 499%
Idexx Laboratories Westbrook $98.49 $31.49 213%
Bar Harbor Bankshares Bar Harbor $36.47 $23.70 54%
Camden National Corp Camden $37.45 $24.84 51%
First Bancorp Damariscotta $17.72 $17.74 0%

Average Increase: All 5 Largest Maine Corps