Tuesday, August 20, 2013

Eastern Penn Non-Financial Corps Stock Prices Up 276% Since President Obama Took Office

From a review of SEC filings, I found 15 Non-Financial Corps headquartered in Eastern Pennsylvania other than the Philadelphia Metro 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 today, August 20, 2013.

These 15 Eastern Pennsylvania Non-Financial Corps had their average stock prices increase by an incredible 276% from January 16, 2009 to August 20, 2013.  This 276% increase is nearly triple the 94% increase in the S&P 500 Index over the same time span.

Eastern Pennsylvania citizens have to be extremely pleased with the overall stock market performance of their superb Eastern Pennsylvania Non-Financial Companies during the Obama Administration.

On the downside, the 14 Eastern Pennsylvania other than Philadelphia Metro Area Financial Corps didn't do nearly as well, with their average stock prices up only 53% during the same time span.  This is pretty similar to what is happening all over the country.  It is pretty clear to me that the US Fed as well as the US Congress have both dramatically and continually helped the large New York City-based financial institutions and Fannie Mae, Freddie Mac and Sallie Mae, but have done very little to aid the smaller financial institutions or the people with high interest rate mortgages, very high student education loans, high credit card debts, or sky-high rents. 

Below here are the common stock market closing prices of each of these 29 Eastern Pennsylvania other than Philadelphia Metro Area Corps at both the most recent date (August 20, 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:



Eastern Market Market Percentage
  Penn Price Price Increase

HQs 8-20-13 1-16-09 (Decrease)





Non-Financial Corps








Bon-Ton Stores York 14.40 1.41 921%
Rex Energy State College 21.26 2.24 849%
Rite Aid Camp Hill 3.48 0.43 709%
EnerSys Reading 52.65 9.26 469%
PH Glatfelter York 26.40 9.21 187%
Carpenter Technology Wyomissing 55.21 19.47 184%
Hershey Hershey 95.25 35.03 172%
Penn National Gaming Wyomissing 52.51 19.71 166%
Armstrong World Industries Lancaster 49.01 19.52 151%
Knoll East Greenville 16.38 8.16 101%
Air Products & Chemicals Allentown 102.23 57.09 79%
OraSure Technologies Bethlehem 5.33 3.41 56%
Dentsply York 41.87 27.15 54%
Weis Markets Sunbury 48.24 33.16 45%
Harsco Camp Hill 23.96 26.94 -11%





Average Increase: all 15 Non-Philly Eastern Penn Non-Financial Corps
276%





Dow Industrials Index
15,002.99 8,281.22 81%
S&P 500 Index
1,652.35 850.12 94%
S&P Mid-Cap 400 Index
1,212.38 516.75 135%
S&P SmallCap 600 Index
583.58 247.89 135%





Financial Corps








Citizens Financial Services Mansfield 46.75 17.43 168%
Eastern Insurance Holdings Lancaster 21.68 10.50 106%
Hersha Hospitality Trust Harrisburg 5.31 2.76 92%
Peoples Financial Services Hallstead 34.00 18.00 89%
Penn Woods Bancorp Jersey Shore 44.19 25.10 76%
First Keystone Berwick 26.85 16.50 63%
Fulton Financial Lancaster 12.63 7.90 60%
QNB Corp Quakertown 24.15 17.15 41%
Penseco Financial Services Scranton 42.10 35.75 18%
Susquehana Bancshares Lititz 13.40 11.45 17%
Norwood Financial Honesdale 28.60 25.21 13%
Citizens & Northern Wellsboro 19.89 18.78 6%
National Penn Bancshares Boyertown 10.53 10.63 -1%
Donegal Group Marietta 13.80 15.82 -13%





Average Increase: all 14 Non-Philly Eastern Penn Financial Corps
53%