Tuesday, July 23, 2013

Jacksonville, Florida Corps Average Stock Prices Up 190% Since President Obama Took Office

I found 12 Corps filing with the SEC, which were headquartered in Jacksonville, Florida, which generated Core, Ongoing Pretax Income or Pretax Loss of at least $10 mil each in any of the first three years of the Obama Administration (2009, 2010 or 2011), and which also had their common stock trading at both the beginning of the Obama Administration and on yesterday, July 22, 2013.

How did the stock prices fare over this four and a half year period?  Well, just great, with an  average stock price increase of 190%, which you can see in the below chart, led by Stein Mart and by Web.Com Group.  This 190% increase was nearly double that of the S&P 500 Stock Index over the same time period.


Market Market Percentage

Florida Price Price Increase

HQs 7/22/2013 1/16/2009 (Decrease)





S&P 500 Index
1,695.53 850.12 99%
Dow Industrials Index
15,545.55 8,281.22 88%





Companies HQd in Jacksonville



Stein Mart Jacksonville $14.25 $1.51 844%
Web.com Group Jacksonville $27.00 $3.19 746%
Rayonier Jacksonville $58.40 $20.16 190%
Fidelity National Information Services Jacksonville $44.29 $16.44 169%
CSX Jacksonville $25.32 $9.94 155%
PSS World Medical Jacksonville $29.00 $17.88 62%
Landstar System Jacksonville $52.48 $34.07 54%
Patriot Transportation Holding Jacksonville $35.83 $23.41 53%
Regency Centers Jacksonville $54.27 $38.48 41%
Fidelity National Financial Jacksonville $24.64 $17.48 41%
Lender Processing Services Jacksonville $32.69 $26.87 22%
Jacksonville Bancorp Jacksonville $0.50 $11.10 -95%





Average Increase: all 12 Jacksonville Corps


190%





S&P 500 Index
1,695.53 850.12 99%
Dow Industrials Index
15,545.55 8,281.22 88%

PSS World Medical's above most recent stock price is its purchase price in Feb 2013, when it was acquired by McKesson Corp.