Wednesday, August 28, 2013

Michigan Corps Stock Prices Up 482% Since President Obama Took Office

From a review of SEC filings, I found 29 Corps.....8 Auto Related and 21 Non Auto Related  headquartered in the State of Michigan which generated externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss of at least $100 mil in any of the five fiscal years (2007-2011), 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 27, 2013.

These 29 Michigan Corps had their average stock prices increase by an off-the-charts 482% from January 16, 2009 to August 27, 2013.  This 482% increase is an incredible 5.2 times the 92% increase in the S&P 500 Index over the same time span.

The 8 Michigan Auto Related Corps have had their average common stock prices increase by 623% during the Obama Administration.

The 21 Michigan Non-Auto Related Corps have had their average common stock prices increase by 432% during the Obama Administration.

It's pretty clear to me that the US Government should be addressing what Auto Industry Resurrection initiatives can be applied successfully to all US Manufacturing Sectors and to all US Technology Sectors.  When something is this successful, why not try to repeat it?

Below here are the common stock market closing prices of each of these 29 Michigan Corps at both the most recent date (August 27, 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

Michigan Price Price Increase

HQs 8-27-13 1-16-09 (Decrease)
Companies Headquartered in Michigan







Auto-Related Sector



TRW Automotive Livonia $68.46 $3.86 1674%
American Axle Detroit $19.01 $1.41 1248%
Ford Motor Dearborn $15.88 $2.19 625%
Penske Automotive Bloomfield Hills $39.16 $7.43 427%
Borg Warner Auburn Hills $94.75 $18.89 402%
Federal Mogul Southfield $15.19 $4.30 253%
Meritor Troy $7.55 $2.50 202%
Gentex Zeeland $22.60 $8.79 157%





Average Increase: all 8 Auto Corps


623%





Non-Auto Sectors



Trimas Bloomfield Hills $36.53 $1.29 2732%
Valassis Communications Livonia $27.64 $1.43 1833%
LA-Z-BOY Monroe $21.78 $1.65 1220%
Dominos Pizza Ann Arbor $61.16 $6.22 883%
Credit Acceptance Southfield $108.38 $18.17 496%
Perrigo Allegan $116.83 $29.48 296%
Whirlpool Benton Harbor $128.74 $39.84 223%
Steelcase Grand Rapids $14.76 $4.65 217%
Taubman Centers Bloomfield Hills $68.00 $22.25 206%
Wolverwine WW Rockford $56.38 $19.55 188%
Syntel Troy $72.35 $26.37 174%
Dow Chemical Midland $37.56 $15.03 150%
Herman Miller Zeeland $26.42 $12.33 114%
Con-way Ann Arbor $42.75 $22.62 89%
Masco Taylor $18.71 $10.36 81%
Stryker Kalamazoo $67.08 $41.02 64%
Kelly Services Troy $18.51 $11.67 59%
Compuware Detroit $10.90 $6.91 58%
PulteGroup Bloomfield Hills $15.59 $11.15 40%
Kellogg Battle Creek $61.63 $44.63 38%
Flagstar Bancorp Troy $15.00 $90.00 -83%





Average Increase: all 21 Non-Auto Corps

432%





Average Increase: all 29 Michigan Corps

482%





Dow Industrials Index
14,776.13 8,281.22 78%
S&P 500 Index
1,630.48 850.12 92%
S&P Mid-Cap 400 Index
1,192.91 516.75 131%
S&P SmallCap 600 Index
574.93 247.89 132%