Thursday, October 18, 2012

Rhode Island Corp Stock Prices Up an Average 134% Since President Obama Took Office

In a past post, from an extensive review of SEC filings, I found 6 Corps headquartered in the State of Rhode Island, which generated Ongoing, Core Pretax Income or Pretax Loss of at least $10 mil in any of the most recent three fiscal years.

Rhode Island Corp 2011 Earnings
I retrieved all of the below stock market closing price information from the excellent Big website.

These 6 Rhode Island Corps had an average stock market price increase of a very robust 134% since President Obama took office on January 20, 2009.  This is substantially higher than the increase in both the S&P 500 Index, which increased by 72%, and the increase in the Dow Industrials Index, which increased by 64%, both during the same time span.

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

And Rhode Island 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 Rhode Island companies to 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.

Below here are the common stock market closing prices of each of these 6 Rhode Island 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

Rhode Island Price Price Increase

HQs 10-17-12 1-16-09 (Decrease)

S&P 500 Index 1,460.91 850.12 72%
Dow Industrials Index 13,557.00 8,281.22 64%

Rhode Island Largest Corps

LIN Television Providence $5.47 $1.41 288%
A T Cross Lincoln $9.92 $2.62 279%
Textron Providence $24.95 $14.05 78%
CVS Caremark Woonsocket $46.65 $26.83 74%
Hasbro Pawtucket $38.96 $26.89 45%
Washington Trust Bancorp Westerly $27.09 $18.83 44%

Average Increase: All 6 Largest Rhode Island Corps