Wednesday, October 17, 2012

Oregon Corp Stock Prices Up an Average 140% Since President Obama Took Office

In a past post, from an extensive review of SEC filings, I found 10 Corps headquartered in Oregon, which generated Ongoing, Core Pretax Income or Pretax Loss of at least $100 mil in any of the most recent three fiscal years.  And I also found another 13 Oregon Corps with Ongoing, Core Pretax Income or Pretax Loss of at least $10 mil, but less than $100 mil, in any of the most recent three years.

These 10 Largest Oregon Corps filing with the SEC generated Total Ongoing, Core Pretax Income of $5.7 bil in the most recent fiscal year 2011, which was up 32% over that of two years earlier in 2009.  The 13 Smaller Oregon Corps had their 2011 earnings increase by a much higher 389% over 2009.

Oregon 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 Oregon Corps have performed since President Obama took office.

Of these 23 Oregon Corps, 20 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, Tuesday, October 16, 2012.

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

These 20 Oregon Corps, led by Lithia Motors,  had an average stock market price increase of a very robust 140% since President Obama took office on January 20, 2009.  This is substantially more than both the increase in the S&P 500 Index, which increased by 71%, and the increase in the Dow Industrials Index, which increased by 64%, both during the same time span.

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

And Oregon 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 Oregon 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.

When I think of the Obama Administration, the thought that comes top of mind to me is widespread competence, all throughout the upper ranks of the US government.  But frankly, it's also pretty clear to me that the Obama Administration is just not very good at selling its many significant accomplishments, particularly on the economic front.

Below here are the common stock market closing prices of each of these 20 Oregon Corps 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

Oregon Price Price Increase

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

S&P 500 Index 1,454.92 850.12 71%
Dow Industrials Index 13,551.78 8,281.22 64%

Oregon Largest Corps

Lithia Motors Medford $36.13 $3.40 963%
West Coast Bancorp Lake Oswego $22.49 $3.97 466%
Mentor Graphics Wilsonville $16.22 $5.17 214%
Precision Castparts Portland $167.77 $55.34 203%
Greenbrier Cos Lake Oswego $16.42 $6.01 173%
FEI Co Hillsboro $51.52 $19.84 160%
TriQuint Semiconductor Hillsboro $5.14 $2.10 145%
Lattice Semiconductor Hillsboro $3.71 $1.52 144%
Cascade Corp Fairview $55.66 $24.36 128%
Nike Beaverton $97.24 $46.80 108%
Planar Systems Beaverton $1.39 $0.69 101%
Electro Scientific Industries Portland $12.59 $6.57 92%
Columbia Sportswear Portland $54.19 $33.45 62%
Blount International Portland $13.90 $9.15 52%
Umpqua Holdings Portland $12.10 $9.38 29%
Stancorp Financial Portland $33.24 $32.70 2%
Schnitzer Steel Portland $28.13 $35.98 -22%
FLIR Systems Wilsonville $19.68 $29.40 -33%
Cascade Bancorp Bend $5.65 $46.50 -88%
PremierWest Bancorp Medford $1.35 $51.80 -97%

Average Increase: All 20 Oregon Largest Corps


S&P 500 Index 1,454.92 850.12 71%
Dow Industrials Index 13,551.78 8,281.22 64%

It should be pointed out that the above earlier period stock prices of Cascade Bancorp and of PremierWest Bancorp were both adjusted to reflect the effect of one-for-ten reverse stock splits.