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% |
