In a recent post, from an extensive review of SEC filings, I found 21 Corps headquartered in the State of Oklahoma, with externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss of at least $100 mil in any of the most recent five fiscal years.
These 21 Largest Oklahoma Corps filing with the SEC generated Externally Audited US GAAP Total After-tax Net Income from
Continuing Operations of $8,785 mil
in the most recent fiscal year 2011, which was a profit increase of $13,142 mil as compared with the Total
After-tax Net Loss of $4,357 mil generated by these same 21 Oklahoma companies
three years earlier in 2008, the last year of the Bush/Cheney
Oklahoma 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 Oklahoma Corps
have performed since President Obama took office.
Of these 21 Oklahoma Corps, only 14 of them had their common stock
both January 16, 2009, which is the last day stocks traded before
President Obama took office, and also on last Friday,
October 19, 2012.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 14 Oklahoma Corps had an average stock market price increase
of an off-the-charts 648% since President Obama took office on January 20,
2009. This is more than nine times the 69% increase in the S&P 500
Index and more than ten times the 61% increase in the Dow Industrials Index, both during the same time span.
There were 11 Oil and Gas Corps included. They registered an average
stock market price increase of an incredible 212% since President Obama took office. Yeah, the Obama Administration has really harmed economically the Oklahoma Oil and Gas Corps. Give me a break!
As great as this 212% average stock market price increase for these Oklahoma Oil and Gas Corps was, this was just a drop in the bucket as compared with the 6,573% stock price increase of Oklahoma's Dollar Thrifty since President Obama took office.
Oklahoma citizens have to be very happy with the stock market performance of
their many fine Oklahoma companies during the Obama Administration.
And Oklahoma 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 Oklahoma 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.
So it's not just the Blue States and Swing States which have had very
robust average stock market price increases during the Obama
Administration. Corporations in all Red
States, including Oklahoma, have also been fortunate to experience these
very nice average stock market price increases too. This just shows
the Obama Administration has been evenhanded in focusing on creating an
excellent US economic environment that have permitted businesses all
throughout the country to prosper.
Below here are the common stock market closing prices of each of these
14 Oklahoma 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.