Thursday, October 18, 2012

Washington DC Corp Stock Prices Up an Average 219% Since President Obama Took Office

In a past post, from an extensive review of SEC filings, I found 11 Corps headquartered in Washington DC, which generated Ongoing, Core Pretax Income or Pretax Loss of at least $10 mil in any of the most recent three fiscal years.

Washington DC Corp 2011 Earnings

Of these 11 Washington DC Corps, 8 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, Wednesday, October 17, 2012.

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

These 8 Washington DC Corps had an average stock market price increase of an off-the-charts 219% since President Obama took office on January 20, 2009.  This is more than triple 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.

Washington DC Area citizens, including those in Northern Virginia and Maryland, have to be extremely happy with the stock market performance of their many fine Washington DC companies during the Obama Administration.

These Washington DC Area citizens hit the Trifecta, since the stock market performance of Virginia, Maryland and now Washington DC companies, has all been just great since President Obama has taken office.

Virginia Corp Stock Prices Up an Average 93% Under Obama 

Maryland Corp Stock Prices Up an Average 124% Under Obama 

And Washington DC Area 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 Washington DC, Northern Virginia, and Maryland 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 8 Washington DC 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

Price Price Increase

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%

Washington DC Corps

DuPont Fabros Technology $24.13 $3.06 689%
Liquidity Services $40.89 $7.15 472%
Cogent Communications $22.50 $6.18 264%
CoStar Group $82.00 $31.01 164%
Advisory Board Co $48.49 $20.92 132%
Danaher $56.10 $26.97 108%
Washington Post $352.98 $408.24 -14%
Fannie Mae $0.21 $0.52 -60%

Average Increase: All Washington DC Corps