Tuesday, August 27, 2013

Kentucky Corps Stock Prices Up 180% Since President Obama Took Office Despite McConnell Obstruction

From a review of SEC filings, I found 14 Corps headquartered in the State of Kentucky which generated Audited After-Tax Net Income or Net Loss of at least $50 mil each in any of the five years from 2007 to 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 26, 2013.

These 14 Kentucky Corps had their average stock prices increase by 180% from January 16, 2009 to August 26, 2013.  This 180% increase is 1.9 times the 95% increase in the S&P 500 Index over the same time span.

Kentucky citizens have to be very pleased with the overall stock market performance of their fine Kentucky Companies during the Obama Administration.

The overwhelming majority of this 180% increase occurred in the first two years of the Obama Administration, when both the US Senate and the US House were under Democratic control.

This 180% increase is particularly noteworthy since Kentucky US Senate Republican Leader Mitch McConnell has done everything in his power to make the Obama Administration's economic policies fail.  Just imagine how well Kentucky Corps' stock market increase would have been if McConnell had taken the patriotic route and worked with the Obama Administration.

Below here are the common stock market closing prices of each of these 14 Kentucky Corps at both the most recent date (August 26, 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

Kentucky Price Price Increase

HQs 8-26-13 1-16-09 (Decrease)





Kentucky Corps








Ashland Covington $87.32 $10.01 772%
Tempur Pedic Lexington $38.45 $6.93 455%
Papa Johns Intl Louisville $70.46 $16.91 317%
Texas Roadhouse Louisville $25.38 $8.00 217%
Humana Louisville $93.85 $33.28 182%
Sypris Solutions Louisville $3.08 $1.16 166%
Yum Brands Louisville $72.03 $29.91 141%
Churchill Downs Louisville $81.83 $38.36 113%
Brown Forman Louisville $68.99 $33.67 105%
General Cable Highland Heights $31.13 $17.99 73%
Lexmark Lexington $37.32 $25.45 47%
Republic Bancorp Louisville $27.10 $22.81 19%
Kindred Healthcare Louisville $15.30 $14.54 5%
Porter Bancorp Louisville $1.37 $13.00 -89%




Average Increase: All 14 Largest Kentucky Corps

180%





Dow Industrials Index
14,946.46 8,281.22 80%
S&P 500 Index
1,656.78 850.12 95%
S&P Mid-Cap 400 Index
1,217.83 516.75 136%
S&P SmallCap 600 Index
588.11 247.89 137%