Saturday, August 31, 2013

Cleveland, OH Area Corps Stock Prices Up 191% Since President Obama Took Office

From a review of SEC filings, I found a very high number of 33 Corps headquartered in the Cleveland, OH Area 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 on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also yesterday, August 30, 2013.  

These 33 Cleveland Area Corps had their average stock prices increase by a robust 191% from January 16, 2009 to August 30, 2013.  In comparison, the comparable increases were 187% in the Columbus Area and a markedly lower 131% in John Boehner's Cincinnati Area.

Cleveland Area residents have to be very pleased not just with the Obama Administration, but also primarily with US House of Representatives past member Dennis Kucinich and current members Marcia Fudge and Marcy Kaptur, as well as US Senator Sherrod Brown for their tireless and very successful efforts on behalf of Cleveland area businesses and Cleveland area residents.

Below here are the common stock market closing prices of each of these 33 Cleveland, OH Corps at both the most recent date (August 30, 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:



Market Market Percentage

Ohio Price Price Increase

HQs 8-30-13 1-16-09 (Decrease)
Cleveland, OH Area Corps








Chart Industries Garfield Heights $114.18 $9.03 1164%
PolyOne Avon Lakes $27.02 $2.60 939%
Park Ohio Holdings Cleveland $34.57 $4.84 614%
Nacco Industries Cleveland $55.58 $10.52 428%
TransDigm Group Cleveland $137.00 $32.97 316%
Nordson Westlake $66.65 $16.14 313%
American Greetings Cleveland $18.99 $5.37 254%
Sherwin-Williams Cleveland $172.40 $57.38 200%
SIFCO Industries Cleveland $19.28 $6.45 199%
Lincoln Electric Holdings Cleveland $62.53 $23.29 168%
Applied Industrial Technologies Cleveland $47.62 $17.83 167%
Eaton Cleveland $63.32 $24.28 161%
Materion Mayfield Heights $29.40 $11.46 157%
Parker Hannifin Cleveland $99.95 $39.77 151%
Athersys Cleveland $1.77 $0.71 149%
DDR Beachwood $15.52 $6.28 147%
Agilysys Solon $11.29 $4.79 136%
Forest City Enterprises Cleveland $17.90 $7.75 131%
Associated Estates Realty Richmond Heights $13.77 $7.29 89%
Preformed Line Products Cleveland $68.93 $36.93 87%
PVF Capital Solon $4.07 $2.20 85%
Key Corp Cleveland $11.67 $6.31 85%
Progressive Corp Mayfield Village $25.07 $14.15 77%
Steris Mentor $40.89 $23.96 71%
Ferro Corp Mayfield Heights $7.35 $4.89 50%
Olympic Steel Bedford Heights $25.98 $17.68 47%
OM Group Cleveland $28.42 $19.44 46%
Cliffs Natural Resources Cleveland $20.87 $22.10 -6%
Invacare Elyria $15.01 $16.09 -7%
GrafTech Intl Parma $7.82 $8.61 -9%
TFS Financial Cleveland $10.88 $12.65 -14%
CBIZ Cleveland $6.85 $8.02 -15%
Energy Focus Solon $0.34 $0.96 -65%





Average Increase: all 33 Cleveland, OH Area Corps


191%