Tuesday, October 9, 2012

Ohio Corp Stock Prices Up an Average 161% Since President Obama Took Office

In a recent post, from an extensive review of SEC filings, I found 127 Corps headquartered in the State of Ohio, which generated Core, Ongoing Pretax Income or Pretax Loss of at least $10 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 127 Largest Ohio Corps filing with the SEC had Audited under US Generally Accepted Accounting Principles (US GAAP) Total After-tax Net Income of a massive $32.9 bil in the most recent fiscal year 2011, which was a profit improvement of a gargantuan $27.4 bil, or of an off-the-charts 497%, above the $5.5 bil of After-tax Net Income generated by these same 127 companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.

Ohio 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 Ohio Corps have performed since President Obama took office.

Of these 127 Ohio Corps, 106 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 the current date, Tuesday, October 9, 2012.

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

These 106 Ohio Corps had an average stock market price increase of an incredibly high 161% since President Obama took office on January 20, 2009.  This is far better than the increase in both the S&P 500 Index, which increased by 70%, and the Dow Industrials Index, which increased by 63%, both during the identical 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 106 Ohio companies at the closing market price on January 16, 2009, this would have cost you initially $106,000, ignoring any transaction costs, and this stock portfolio would now be worth $276,660.    

And these 106 Ohio Corps also had a very robust median stock market price increase of 88% since President Obama took office.

Many financially savvy Ohioans already had this all figured out.  They probably just didn't previously have the precise average percentage increases tied down.

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

And Ohio 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 Ohio 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.

It's pretty clear to me that the Obama Administration is just not very good at selling its many accomplishments, particularly on the economic front.  After all, playing a very helpful role in turning a stock portfolio of 106 Ohio companies from $106,000 to $276,660 in only 3 3/4 years is clearly something you want to write home about.

Below here are the common stock market closing prices of each of these 106 Ohio 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

Ohio Price Price Increase

HQs 10-9-12  1-16-09 (Decrease)



S&P 500 Index
1,441.48 850.12 70%
Dow Industrials Index
13,473.53 8,281.22 63%




Ohio Corps








Dana Holding Maumee $12.95 $0.69 1777%
Air Transport Services Group Wilmington $3.95 $0.23 1617%
Libbey Toledo $15.35 $1.30 1081%
Omnova Solutions Fairlawn $7.66 $0.71 979%
Chart Industries Garfield Heights $69.36 $9.03 668%
DSW Inc Columbus $67.80 $10.03 576%
PolyOne Avon Lakes $16.44 $2.60 532%
Commercial Vehicle Group New Albany $7.20 $1.20 500%
Limited Brands Columbus $49.10 $8.77 460%
E.W. Scripps Cincinnati $10.70 $2.01 432%
Teradata Dayton $72.17 $15.23 374%
TransDigm Group Cleveland $145.98 $32.97 343%
Nacco Industries Cleveland $48.00 $10.52 356%
Park Ohio Holdings Cleveland $20.26 $4.84 319%
Macy's Cincinnati $39.63 $9.76 306%
United Community Financial Youngstown $3.56 $0.88 305%
Cincinnati Bell Cincinnati $5.59 $1.40 299%
CECO Environmental Cincinnati $9.44 $2.51 276%
Nordson Westlake $57.63 $16.14 257%
Cooper Tire & Rubber Findlay $18.82 $5.45 245%
American Greetings Cleveland $16.90 $5.37 215%
Thor Industries Jackson Center $35.95 $12.01 199%
Core Molding Technologies Columbus $7.16 $2.40 198%
R. G. Barry Pickerington $14.85 $5.03 195%
Fifth Third Bancorp Cincinnati $15.86 $5.43 192%
Scripps Networks Interactive Cincinnati $63.27 $22.54 181%
Rocky Brands Nelsonville $11.45 $4.26 169%
SIFCO Industries Cleveland $17.14 $6.45 166%
Sherwin-Williams Cleveland $149.88 $57.38 161%
Rex American Resources Dayton $18.23 $7.22 152%
Cedar Fair LP Sandusky $33.99 $13.81 146%
Mettler-Toledo Columbus $170.71 $70.26 143%
Andersons Maumee $37.26 $15.56 139%
Applied Industrial Technologies Cleveland $41.17 $17.83 131%
Myers Industries Akron $15.75 $7.02 124%
First Defiance Financial Defiance $17.11 $7.75 121%
Timken Canton $38.09 $17.39 119%
Lancaster Colony Columbus $72.79 $33.29 119%
Convergys Cincinnati $15.69 $7.24 117%
Cardinal Health Dublin $41.06 $19.64 109%
Bob Evans Farms Columbus $38.11 $18.21 109%
Materion Mayfield Heights $23.82 $11.46 108%
Forest City Enterprises Cleveland $16.04 $7.75 107%
Big Lots Columbus $30.07 $14.59 106%
Parker Hannifin Cleveland $81.48 $39.77 105%
Associated Estates Realty Richmond Heights $14.91 $7.29 105%
RPM Intl Medina $26.65 $13.15 103%
M/I Homes Columbus $21.64 $10.69 102%
Worthington Industries Columbus $21.53 $10.84 99%
Owens Corning Toledo $31.12 $16.17 92%
Eaton Cleveland $46.29 $24.28 91%
J.M. Smucker Orrville $84.05 $44.19 90%
Cliffs Natural Resources Cleveland $41.65 $22.10 88%
Goodyear Tire & Rubber Akron $12.62 $6.71 88%
Chemed Cincinnati $69.53 $38.09 83%
First Financial Bancorp Cincinnati $16.71 $9.22 81%
Agilysys Solon $8.67 $4.79 81%
American Financial Group Cincinnati $37.98 $21.19 79%
Multi Color Corp Batavia $21.95 $12.34 78%
Cintas Cincinnati $42.51 $24.04 77%
Athersys Cleveland $1.24 $0.71 75%
Lincoln Electric Holdings Cleveland $38.26 $23.29 64%
Peoples Bancorp Marietta $22.77 $14.00 63%
Huntington Bancshares Columbus $7.10 $4.56 56%
Abercrombie & Fitch New Albany $32.96 $21.45 54%
Progressive Corp Mayfield Village $21.70 $14.15 53%
Health Care REIT Toledo $59.59 $39.34 51%
Cincinnati Financial Fairfield $38.44 $25.57 50%
National Interstate Corp Richfield $26.03 $17.39 50%
Preformed Line Products Cleveland $54.51 $36.93 48%
Steris Mentor $35.32 $23.96 47%
Stoneridge Warren $5.01 $3.42 46%
A. Schulman Akron $23.75 $16.65 43%
Scotts Miracle-Gro Marysville $43.55 $30.90 41%
Greif Inc Delaware $43.34 $30.97 40%
Diamond Hill Investment Group Columbus $78.74 $56.56 39%
Key Corp Cleveland $8.61 $6.31 36%
Park National Newark $69.64 $56.34 24%
Diebold North Canton $33.13 $27.21 22%
Omnicare Cincinnati $33.68 $27.97 20%
Gorman-Rupp Mansfield $27.11 $22.56 20%
Procter & Gamble Cincinnati $68.70 $57.73 19%
GrafTech Intl Parma $10.18 $8.61 18%
LSI Industries Cincinnati $6.86 $6.02 14%
Olympic Steel Bedford Heights $17.37 $17.68 -2%
Frischs Restaurants Cincinnati $18.22 $18.58 -2%
PVF Capital Solon $2.12 $2.20 -4%
OM Group Cleveland $18.39 $19.44 -5%
Kroger Cincinnati $23.54 $24.97 -6%
Owens-Illinois Perrysburg $20.08 $21.35 -6%
LCA Vision Cincinnati $3.93 $4.23 -7%
Invacare Elyria $14.68 $16.09 -9%
Rurban Financial Defiance $6.83 $7.52 -9%
Meridian Bioscience Cincinnati $18.97 $21.23 -11%
FirstMerit Akron $14.59 $16.66 -12%
Wendy's Dublin $4.21 $5.50 -23%
CBIZ Cleveland $6.10 $8.02 -24%
Camco Financial Cambridge $1.77 $2.36 -25%
Ferro Corp Mayfield Heights $3.63 $4.89 -26%
TFS Financial Cleveland $9.06 $12.65 -28%
State Auto Financial Columbus $15.75 $25.00 -37%
AK Steel Holding West Chester $5.19 $9.63 -46%
Chiquita Brands Cincinnati $7.67 $14.27 -46%
Pacer International Dublin $3.92 $9.66 -59%
Energy Focus Solon $0.24 $0.96 -75%
Standard Register Dayton $0.73 $8.00 -91%





Average Increase:all 106 Ohio Corps


161%





S&P 500 Index
1,441.48 850.12 70%
Dow Industrials Index
13,473.53 8,281.22 63%


Next, on to Florida.  It should be interesting to see how Florida companies come out, as compared with both Ohio companies and with the overall stock market averages.

==================================




Market Market Percentage

Ohio Price Price Increase

HQs 10-9-12 1-16-09 (Decrease)
Ohio Corp Late Additions Not Included in Above 106



DDR Corp Beachwood $15.29 $6.28 143%
Farmers National Banc Canfield $6.61 $5.50 20%