Of these 83 Minnesota Corps, 70 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 Friday, October 12, 2012.
Minnesota Corp 2011 Earnings
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 70 Minnesota Corps had an average stock market price increase of an off-the-charts 244% since President Obama took office on January 20, 2009. This is 3.6 times the increase in the S&P 500 Index, which increased by 68%, and 4 times the increase in the Dow Industrials Index, which increased by 61%, both during the same time span.
So what this means in simplistic terms is that if you invested the same amount of money.....say $1,000.....in the common stock of each of these 70 Minnesota companies at the closing market price on January 16, 2009, this would have cost you initially $70,000, ignoring any transaction costs, and this stock portfolio would now be worth $240,800.
In breaking down these Minnesota companies, the larger ones have done just great, but the smaller ones have done fantastically during the Obama Administration.
The 32 Minnesota Corps with Audited After-tax Net Income or Net Loss of at least $100 mil in any of the most recent five years had their average stock price increase by 89% during the Obama Administration.
But the smaller 38 Minnesota Corps, which didn't generate Net Income or Net Loss of at least $100 mil in any of the most recent five years, had their average stock price increase by an incredible 374% during the Obama Administration.
It is pretty clear that Minnesota provides a friendly environment for businesses to prosper.
And Minnesota citizens have to be extremely happy with the stock market performance of their many fine Minnesota companies during the Obama Administration.
And Minnesota 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 Minnesota companies to flat out 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.
When I think of the Obama Administration, the thought that comes top of mind to me is widespread competence, all throughout the upper ranks of the US government. But frankly, it's also pretty clear to me that the Obama Administration is just not very good at selling its many significant accomplishments, particularly on the economic front.
About the only thing I hear from the Obama Administration on the economic front is the positive effect of the auto rescue on the US economy. Granted, this did positively and substantially impact US states like Michigan, whose Corps had an average stock price increase of 344% since President Obama took office, and also like Ohio, whose Corps average stock prices were up 161%, and Indiana, whose Corps average stock prices were up 131%.
But of the 27 Michigan Corps comprising this 344% average stock price increase, 20 of them were Non-Auto Industry companies, and they had an average stock price increase of an exceptional 314%.
And the very successful auto rescue had little to do with Minnesota Corps 244% average stock price increase, with Pennsylvania Corps 133% average stock price increase, with North Carolina Corps 99% average stock price increase, with Iowa Corps 99% average stock price increase, with Virginia Corps 97% average stock price increase, with Nevada Corps 178% average stock price increase, with Colorado Corps 179% average stock price increase, and with Florida Corps 137% average stock price increase....all occurring during the Obama Administration.
There is something else very positive going on in the US economy since President Obama has taken over, and the Obama Administration has very modestly taken no credit for it. But when you think of the overall US economy in 2008 and now, there is clearly a substantial turnaround that has occurred, and the Obama Administration played a key role here in this massive economic revival from the depths of a near Depression.
Below here are the common stock market closing prices of each of these 70 Minnesota companies, broken down between the 32 Largest ones and the 38 Smaller ones, 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 | ||
| Minnesota | Price | Price | Increase | |
| HQs | 10-12-12 | 1-16-09 | (Decrease) | |
| S&P 500 Index | 1,428.59 | 850.12 | 68% | |
| Dow Industrials Index | 13,328.85 | 8,281.22 | 61% | |
| Minnesota Largest Corps | ||||
| Polaris Industries | Medina | $82.57 | $11.90 | 594% |
| Valspar | Minneapolis | $56.51 | $19.15 | 195% |
| Fair Isaac | Minneapolis | $44.21 | $15.79 | 180% |
| Fastenal | Winona | $45.32 | $16.58 | 173% |
| Ameriprise Financial | Minneapolis | $55.96 | $21.31 | 163% |
| Toro | Bloomington | $39.43 | $16.53 | 139% |
| Deluxe | Shoreview | $30.14 | $13.08 | 130% |
| UnitedHealth Group | Minneapolis | $57.07 | $25.50 | 124% |
| HB Fuller | St Paul | $29.79 | $14.02 | 112% |
| Donaldson Co | Minneapolis | $33.67 | $16.05 | 110% |
| Enbridge Energy Partners | Duluth | $29.78 | $14.52 | 105% |
| Graco | Minneapolis | $47.32 | $23.75 | 99% |
| US Bancorp | Minneapolis | $33.72 | $18.32 | 84% |
| Hormel Foods | Austin | $28.83 | $15.68 | 84% |
| Pentair | Golden Valley | $43.63 | $23.75 | 84% |
| Ecolab | St Paul | $66.24 | $36.60 | 81% |
| Patterson Companies | St Paul | $34.35 | $19.00 | 81% |
| Target | Minneapolis | $61.52 | $35.02 | 76% |
| Travelers | St Paul | $68.72 | $41.05 | 67% |
| 3M | St Paul | $92.75 | $56.42 | 64% |
| Regis Corp | Minneapolis | $18.25 | $11.20 | 63% |
| Mosaic | Plymouth | $54.15 | $35.45 | 53% |
| St Jude Medical | St Paul | $42.59 | $30.70 | 39% |
| Medtronic | Minneapolis | $43.05 | $32.72 | 32% |
| General Mills | Minneapolis | $39.19 | $30.29 | 29% |
| CH Robinson | Eden Prairie | $59.94 | $47.24 | 27% |
| Two Harbors Investment | Minnetonka | $11.66 | $9.24 | 26% |
| Techne | Minneapolis | $68.99 | $63.99 | 8% |
| TCF Financial | Wayzata | $11.13 | $10.48 | 6% |
| Alliant Techsystems | Minneapolis | $51.94 | $84.53 | -39% |
| Best Buy | Richfield | $17.66 | $29.34 | -40% |
| Supervalu | Eden Prairie | $1.86 | $17.88 | -90% |
| Average Increase: all 32 Minnesota Largest Corps | 89% | |||
| Minnesota Smaller Corps | ||||
| Select Comfort | Minneapolis | $32.21 | $0.33 | 9661% |
| Caribou Coffee | Brooklyn Center | $12.65 | $1.51 | 736% |
| Arctic Cat | Plymouth | $39.16 | $5.00 | 683% |
| Northern Oil & Gas | Wayzata | $17.18 | $2.93 | 486% |
| Valuevision Media | Eden Prairie | $2.55 | $0.47 | 443% |
| Stratasys | Eden Prairie | $62.74 | $12.70 | 394% |
| Winmark Corp | Minneapolis | $51.53 | $11.24 | 358% |
| Buffalo Wild Wings | Minneapolis | $88.00 | $24.53 | 259% |
| Navarre | New Hope | $1.72 | $0.52 | 231% |
| Tennant Co | Minneapolis | $42.18 | $15.51 | 172% |
| Hawkins Inc | Minneapolis | $39.29 | $15.30 | 157% |
| NVE Corp | Eden Prairie | $58.48 | $23.51 | 149% |
| Datalink | Chanhassen | $7.70 | $3.24 | 138% |
| MTS Systems | Eden Prairie | $52.14 | $26.27 | 98% |
| Multiband | New Hope | $2.08 | $1.16 | 79% |
| Apogee Enterprises | Minneapolis | $19.42 | $10.90 | 78% |
| Hickory Tech | Mankato | $10.90 | $6.16 | 77% |
| Vascular Solutions | Minneapolis | $14.85 | $8.69 | 71% |
| G&K Services | Minnetonka | $31.90 | $18.90 | 69% |
| Analysts International | Minneapolis | $4.03 | $2.40 | 68% |
| Moneygram Intl | Minneapolis | $16.11 | $9.76 | 65% |
| Cyberoptics | Minneapolis | $6.81 | $4.76 | 43% |
| Cardiovascular Systems | St Paul | $11.31 | $8.50 | 33% |
| Digi International | Minnetonka | $9.78 | $7.90 | 24% |
| Communications Systems | Minnetonka | $10.96 | $8.88 | 23% |
| Dolan Co. | Minneapolis | $5.24 | $4.51 | 16% |
| Great Northern Iron Ore Properties | St Paul | $73.82 | $76.39 | -3% |
| Wireless Ronin Technologies | Minnetonka | $0.91 | $1.03 | -12% |
| Piper Jaffray | Minneapolis | $25.66 | $29.48 | -13% |
| Surmodics | Eden Prairie | $20.78 | $26.05 | -20% |
| HMN Financial | Rochester | $3.31 | $4.25 | -22% |
| Lakes Entertainment | Minnetonka | $2.35 | $3.13 | -25% |
| Digital River | Minnetonka | $15.46 | $24.01 | -36% |
| Capella Education | Minneapolis | $36.68 | $57.04 | -36% |
| Hutchinson Technology | Hutchinson | $1.50 | $3.16 | -53% |
| Nash Finch | South Minneapolis | $19.96 | $43.33 | -54% |
| Rimage | Edina | $6.05 | $13.62 | -56% |
| Imation | Oakdale | $5.40 | $12.83 | -58% |
| Average Increase: all 38 Minnesota Smaller Corps | 374% | |||
| Average Increase: all 70 Minnesota Largest and Smaller Corps | 244% | |||
| S&P 500 Index | 1,428.59 | 850.12 | 68% | |
| Dow Industrials Index | 13,328.85 | 8,281.22 | 61% | |
It should be pointed out that the above earlier period stock prices of Moneygram, Inc has been adjusted to reflect the effect of a one-for-eight reverse stock split, of Analysts International has been adjusted for a one-for-five reverse stock split, and of Cardiovascular Systems has been adjusted for a one-for-ten reverse stock split.
