Friday, October 12, 2012

New Hampshire Corp Stock Prices Up an Average 119% Since President Obama Took Office

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 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.

Market Market Percentage

New Hampshire Price Price Increase

HQs 10-11-12 1-16-09 (Decrease)

Companies Headquartered in New Hampshire

Bottomline Technologies Portsmouth $24.84 $6.06 310%
Standex International Salem $44.65 $17.01 162%
PC Connection Merrimack $12.15 $5.43 124%
White Mountains Insurance Hanover $513.53 $275.07 87%
New Hampshire Thrift Bancshares Newport $12.70 $7.00 81%
ICAD Nashua $2.20 $1.37 61%
GT Advanced Technologies Merrimack $4.79 $4.46 7%

Average Increase: all 7 New Hampshire Corps


S&P 500 Index
1,432.56 850.12 69%
Dow Industrials Index
13,344.97 8,281.22 61%

OK, so that now is nine of the US Battleground States down.  So let's'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!