Tuesday, August 13, 2013

South Carolina Corp Stock Prices Up 193% Since President Obama Took Office, With Major Help From Senator Graham

From a review of SEC filings, I found 7 Corps headquartered in the State of South Carolina with externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss of at least $50 mil in any of the most recent five fiscal years, 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 on either yesterday, August 12, 2013 or were sold in either 2012 or in 2013.

These 7 South Carolina Corps had their average stock prices increase by 193% from January 16, 2009 to the close yesterday, Aug 12, 2013.  And this 193% increase is almost double the 99% increase in the S&P 500 Index over the identical time span.

South Carolina citizens have to be extremely happy with the overall stock market performance of their superb South Carolina Companies during the Obama Administration.

But there's much more to this story.

South Carolina US Senator Lindsey Graham has worked hard and very successfully on behalf of nearly all South Carolina companies.  And he has very effectively worked across the aisle, particularly when the end result was economically beneficial to South Carolina citizens and businesses.

Thus, it only makes sense that Senator Graham has stepped up to be part of the "The Diners Club", a group of 8 of the most savvy Republican Senators who have decided to patriotically work with the Obama Administration to help solve the country's fiscal problems.

Below here are the common stock market closing prices of each of these 7 South Carolina Corps at both the most recent date (August 12, 2013) or on the date the company was sold, 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

South Carolina Price Price Increase

HQs 8-12-13 1-16-09 (Decrease)

South Carolina Largest Corps

Advance America Cash Centers (1) Spartanburg $10.50 $1.86 465%
World Acceptance Greenville $85.70 $19.76 334%
Dennys Spartanburg $5.68 $1.68 238%
Scansource Greenville $36.36 $18.77 94%
First Financial Holdings Columbia $53.38 $29.49 81%
AVX Fountain Inn $13.21 $7.69 72%
Sonoco Products Hartsville $39.25 $23.42 68%

Average Increase: All 7 Largest South Carolina Corps


Dow Industrials Index
15,419.68 8,281.22 86%
S&P 500 Index
1,689.47 850.12 99%
S&P Mid-Cap 400 Index
1,240.59 516.75 140%
S&P SmallCap 600 Index
595.13 247.89 140%

(1) The above most recent stock price for Advance America Cash Centers is its $10.50 selling price when it was sold in 2012 to Grupo Elektra.