Monday, September 2, 2013

Rhode Island Corps Stock Prices Up 340% Since President Obama Took Office

From a review of SEC filings, I found 7 Corps headquartered in the State of Rhode Island 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 on August 30, 2013.

These 7 Rhode Island Corps had their average stock prices increase by an off-the-charts 340% from January 16, 2009 to August 30, 2013.  This 340% increase is 3.7 times the 92% increase in the S&P 500 Index over the same time span.

Rhode Island is blessed with two superb US Senators.....Sheldon Whitehouse and Jack Reed.....and also two excellent US House members.....David Cicilline and Jim Langevin.  They have all been extremely helpful to Rhode Island businesses and to Rhode Island citizens.

Below here are the common stock market closing prices of each of these 7 Rhode Island 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

Rhode Island Price Price Increase

HQs 8-30-13 1-16-09 (Decrease)
Rhode Island Corps








LIN Television Providence $16.80 $1.41 1091%
A T Cross Lincoln $21.32 $2.62 714%
United Natural Foods Providence $60.63 $17.80 241%
CVS Caremark Woonsocket $58.05 $26.83 116%
Textron Providence $26.94 $14.05 92%
Hasbro Pawtucket $45.58 $26.89 70%
Washington Trust Bancorp Westerly $30.01 $18.83 59%





Average Increase: All 7 Rhode Island Corps

340%





Dow Industrials Index
14,810.31 8,281.22 79%
S&P 500 Index
1,632.97 850.12 92%
S&P Mid-Cap 400 Index
1,183.87 516.75 129%
S&P SmallCap 600 Index
572.82 247.89 131%