Wednesday, October 17, 2012

Washington State Corp Stock Prices Up an Average 162% Since President Obama Took Office

In a past post, from an extensive review of SEC filings, I found 22 Corps headquartered in the strongly entrepreneurial State of Washington, which generated Ongoing, Core Pretax Income or Pretax Loss of at least $100 mil in any of the most recent three fiscal years.

These 22 Largest Washington State Corps filing with the SEC generated Total Ongoing, Core Pretax Income of a massive $42.3 bil in the most recent fiscal year 2011, which was up a robust 71% over that of two years earlier in 2009.

Washington State 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 Washington Corps have performed since President Obama took office.

Of these 22 Washington Corps, 19 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 19 Washington Corps had an average stock market price increase of a very robust 162% since President Obama took office on January 20, 2009.  This is more than double 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.

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

And Washington 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 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 19 Washington 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

Washington 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%

Washington Largest Corps

Clearwater Paper Spokane $41.54 $5.25 691%
Starbucks Seattle $48.96 $9.46 418% Seattle $243.94 $51.59 373%
F5 Networks Seattle $101.19 $22.55 349%
Nordstrom Seattle $56.63 $12.99 336%
Expedia Bellevue $54.66 $18.28 199%
Weyerhaeuser Federal Way $27.24 $10.61 157%
Alaska Air Seattle $37.46 $14.90 151%
Coinstar Bellevue $43.57 $20.94 108%
Costco Issaquah $97.00 $48.80 99%
Boeing Seattle $73.48 $42.46 73%
Esterline Technologies Bellevue $57.99 $37.09 56%
Microsoft Redmond $29.49 $19.71 50%
Paccar Bellevue $40.84 $27.88 46%
Plum Creek Timber Seattle $43.88 $32.71 34%
Washington Federal Seattle $16.53 $12.48 32%
Expeditors Intl Seattle $35.25 $29.21 21%
Itron Liberty Lake $41.96 $62.64 -33%
Sterling Financial Spokane $21.58 $215.82 -90%

Average Increase: All 19 Largest Washington 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 price of Sterling Financial has been adjusted to reflect the effect of 1-for-66 reverse stock split.