In a recent post, from an extensive review of SEC filings, I found 12
Corps with an SEC State Code of New Hampshire, which generated Core,
Ongoing Pretax Income or Pretax Loss of
at least $5 mil each in any of the most recent three fiscal years,
and
which also had earnings numbers disclosed for each of the five most
recent years.
In this past recent post, I also found that these
12 Largest New Hampshire Corps filing with the SEC had Audited under
US
Generally
Accepted Accounting Principles (US GAAP) Total After-tax Net Income of
$241 mil
in the most recent fiscal year 2011, which was a profit improvement of
$706
mil as compared with the $465 mil of After-tax
Net Loss generated by these same 11 New Hampshire companies just
three years earlier in 2008, the last year of the Bush/Cheney
Administration.
New Hampshire 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 New Hampshire Corps
have performed since President Obama took office.
Of these 12 New Hampshire Corps, 8 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, Thursday,
October 11, 2012. I excluded Jaguar Mining, since even though it has a New Hampshire SEC State Code, it is headquartered in Toronto, Canada. That leaves 7 truly New Hampshire Corps.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 7 New Hampshire Corps had an average stock market price increase
of a very
robust 119% since President Obama took office on January 20,
2009. This is much better than the increase in both the S&P 500
Index, which increased by 69%, and the Dow Industrials Index, which
increased by 61%, both during the identical time span.
New Hampshire citizens have to be extremely happy with the stock market performance of
their many fine New Hampshire companies during the Obama Administration.
And New Hampshire 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 New Hampshire 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
horrible financial meltdown, near Depression year of 2008.
When I think of the Obama Administration, the thought that comes top of
mind is whole-scale competence. But frankly, it's also pretty clear to
me that the Obama Administration is just not very
good at selling its many accomplishments, particularly on the economic
front.
About the only thing I hear from the Obama Administration on the
economic front is the positive effect on the US economy of the Auto
Rescue. Granted, this did positively and substantially impact Michigan,
Ohio, Indiana and some other states. But the Auto Rescue had little to
do with New Hampshire Corps 119% average stock price increase, North Carolina Corps 99% average stock price increase, Iowa
Corps 99% average stock price increase, Virginia Corps 97% average stock
price increase, Nevada Corps
178% average stock price increase, 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 7 New Hampshire 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.
OK, so that now is nine of the US Battleground States down. So let's see.....here's the average stock market price
increases during the Obama Administration for these nine
states.....Ohio
Corps
up 161%, Florida Corps up 137%, Virginia Corps up 97%, Colorado
Corps up 179%, Michigan Corps blowing them all away by being up 344%,
Nevada Corps up 178%, Iowa Corps up 99%, North Carolina Corps up 99%, and now New Hampshire up 119%.
And all nine states had average stock market price increases that were
substantially higher than the overall stock market increases for the
same time frame. Next.....On Wisconsin!
