Wednesday, October 10, 2012

Virginia Corp Stock Prices Up an Average 97% Since President Obama Took Office

In a recent post, from an extensive review of SEC filings, I found 98 Corps headquartered in the State of Virginia, 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 98 Largest Virginia Corps filing with the SEC had Audited under US Generally Accepted Accounting Principles (US GAAP) Total After-tax Net Income of $10.5 bil in the most recent fiscal year 2011, which was a profit improvement of a massive $57.1 bil as compared with the $46.6 bil of After-tax Net Loss generated by these same 98 Virginia companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.

Virginia Corp 2011 Earnings 

Included in the above total earnings and loss numbers are those related to Freddie Mac.  If Freddie Mac is excluded, the remaining 97 Largest Virginia Corps generated a Total After-tax Net Income of $15.7 bil in the most recent fiscal year 2011, up $12.2 bil, or 351% above the comparable Net Income amount of $3.5 bil earned by these same 97 Virginia companies three years earlier in 2008.

Since corporate earnings drive stock prices, in this post I turn my attention to just how well the stock market prices of these Virginia Corps have performed since President Obama took office.

Of these 98 Virginia Corps, 80 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 at today's close.....Wednesday, October 10, 2012.

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

These 80 Virginia Corps had an average stock market price increase of a very robust 97% 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 69%, and the Dow Industrials Index, which increased by 61%, 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 80 Virginia companies at the closing market price on January 16, 2009, this would have cost you initially $80,000, ignoring any transaction costs, and this stock portfolio would now be worth $157,600.    

Virginia is loaded with so many very perceptive and financially astute citizens, thus most of them already had this all figured out.  They probably just didn't previously have the precise average percentage increases tied down.

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

And Virginia 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 Virginia 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.

Frankly, 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 80 Virginia companies from $80,000 to $157,600 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 80 Virginia companies at today's (October 10, 2012) closing price, 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

Virginia Price Price Increase

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





S&P 500 Index
1,432.56 850.12 69%
Dow Industrials Index
13,344.97 8,281.22 61%





Companies Headquartered in Virginia



Sunrise Senior Living McLean $14.46 $1.27 1039%
Newmarket Corp Richmond $237.44 $29.20 713%
Measurement Specialties Hampton $33.41 $5.69 487%
Arlington Asset Investment Arlington $22.65 $4.00 466%
Comstock Homebuilding Reston $1.37 $0.28 389%
Lumber Liquidators Toano $49.14 $10.21 381%
Bassett Furniture Industries Bassett $11.50 $2.90 297%
CarMax Richmond $31.34 $8.11 286%
ePlus Inc Herndon $38.90 $10.46 272%
Portfolio Recovery Associates Norfolk $102.11 $27.88 266%
Deltek Herndon $12.99 $3.71 250%
Dollar Tree Chesapeake $46.91 $14.44 225%
Amerigroup Virginia Beach $91.64 $28.32 224%
MicroStrategy Tysons Corner $119.21 $37.75 216%
Maximus Reston $57.35 $18.24 215%
MeadWestvaco Richmond $30.06 $10.49 187%
Access National Chantilly $13.00 $4.93 164%
Verisign Reston $47.68 $18.61 156%
Cardinal Financial McLean $14.18 $5.56 155%
C&F Financial West Point $39.37 $16.00 146%
AvalonBay Communities Arlington $134.72 $55.23 144%
Capital One Financial McLean $58.23 $24.10 142%
Neustar Sterling $39.85 $16.57 140%
Gannett McLean $17.72 $7.59 133%
Intersections Chantilly $9.47 $4.09 132%
Genworth Financial Richmond $5.47 $2.38 130%
Corporate Executive Board Arlington $51.03 $22.94 122%
Advance Auto Parts Roanoke $69.11 $31.72 118%
Altria Group Richmond $33.34 $16.84 98%
Trex Co. Inc Winchester $33.04 $16.89 96%
NVR Reston $872.21 $453.60 92%
Virginia Commerce Bancorp Arlington $8.70 $4.58 90%
Media General Richmond $5.24 $2.88 82%
Norfolk Southern Norfolk $66.40 $37.81 76%
National Bankshares Blacksburg $32.22 $19.12 69%
TNS Reston $14.63 $9.09 61%
Smithfield Foods Smithfield $20.38 $12.72 60%
Universal Corp Richmond $50.62 $31.96 58%
Xenith Bankshares Richmond $5.48 $3.50 57%
Northrop Grumman Falls Church $68.21 $44.12 55%
Markel Glen Allen $456.36 $297.50 53%
GeoEye Herndon $26.83 $17.51 53%
ComScore Reston $15.33 $10.76 42%
American National Bankshares Danville $22.60 $16.05 41%
Dynex Capital Glen Allen $9.87 $7.02 41%
Monarch Financial Holdings Chesapeake $9.85 $7.27 35%
American Woodmark Winchester $20.61 $16.53 25%
AES Arlington $10.64 $8.56 24%
General Dynamics Falls Church $65.16 $54.59 19%
Owens & Minor Mechanicsville $29.44 $26.25 12%
K12 Inc Herndon $21.57 $19.30 12%
CACI Intl Arlington $49.31 $45.40 9%
Brinks Richmond $26.31 $24.81 6%
Tredegar Richmond $16.67 $17.89 -7%
StellarOne Charlottesville $13.24 $14.23 -7%
USA Mobility Springfield $11.25 $12.11 -7%
Community Bankers Trust Glen Allen $2.64 $2.97 -11%
Computer Sciences Corp Falls Church $31.33 $36.98 -15%
Iridium Communications McLean $7.58 $9.32 -19%
Orbital Sciences Dulles $14.36 $17.86 -20%
Union First Market Bankshares Richmond $15.67 $19.65 -20%
ICF Intl Fairfax $18.81 $24.48 -23%
FBR & Co Arlington $3.15 $4.17 -24%
Towne Bank Portsmouth $15.75 $21.25 -26%
Stanley Furniture Stanleytown $4.78 $6.63 -28%
Shenandoah Telecommunications Edinburgh $18.22 $25.51 -29%
Ntelos Holdings Waynesboro $16.70 $23.55 -29%
SAIC McLean $11.05 $19.34 -43%
VSE Corp Alexandria $25.10 $46.44 -46%
Alpha Natural Resources Bristol $7.31 $14.17 -48%
Eastern Virginia Bankshares Tappahannock $5.00 $9.80 -49%
NII Holdings Reston $7.71 $19.55 -61%
ManTech Intl Fairfax $21.83 $56.93 -62%
Freddie Mac McLean $0.25 $0.70 -64%
Strayer Education Herndon $65.91 $219.44 -70%
Village Bank & Trust Financial Midlothian $1.01 $4.30 -77%
James River Coal Richmond $3.16 $14.69 -78%
NCI Inc Reston $5.93 $31.97 -81%
Central Virginia Bankshares Powhatan $0.75 $4.61 -84%
Hampton Roads Bankshares Norfolk $1.33 $8.87 -85%





Average Increase: all 80 Virginia Corps


97%





S&P 500 Index
1,432.56 850.12 69%
Dow Industrials Index
13,344.97 8,281.22 61%


It should be pointed out that the above earlier period stock price of Arlington Asset Investment has been adjusted to reflect the effect of a one-for-twenty reverse stock split.

A late addition above was Comstock Homebuilding, which resulted in an increase in the all 80 Virginia Largest Corps average stock price increase during the Obama Administration from 93% to 97%.

OK, so that is three of the US Battleground States down, and a handful yet to go.  So let's see.....here's the average stock market price increases for these three.....Ohio Corps up 161%, Florida Corps up 137%, and now Virginia Corps up 97%.....all substantially higher than the overall stock market increases over the same period.  Next up.....Colorado.