Thursday, September 5, 2013

South Dakota Corps Stock Prices Up 102% Since President Obama Took Office

From a review of SEC Filings , I found 4 Corps headquartered in the State of South Dakota 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 September 5, 2013.

The historical stock prices were obtained from the following two excellent internet resources.....  Google Finance and MarketWatch Big Charts .

These 4 South Dakota Corps had their average stock prices increase by 102% from January 16, 2009 to September 5, 2013.  It should be pointed out that South Dakota is a very attractive State for companies to do business.....for instance, no corporate state income tax and very little regulation over interest rates charged.  In particular, there are many large financial companies headquartered in other States (Citibank, Capital One Financial and Wells Fargo to just name three of them) which have a very significant amount of their operations, as well as their profits, in South Dakota.  Given the large and growing profits of these large financial companies in South Dakota, this 102% average increase in South Dakota stock prices is substantially understated in real economic terms.

South Dakota US Senator Tim Johnson has fostered the success of all South Dakota businesses.

Below here are the common stock market closing prices of each of these 4 South Dakota Corps at both the most recent date (September 5, 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:

South Market Market Percentage

Dakota Price Price Increase

 HQs 9-5-13 1-16-09 (Decrease)

Companies HQed in South Dakota

Meta Financial Group Sioux Falls $33.22 $10.60 213%
Raven Industries Sioux Falls $31.19 $10.98 184%
Daktronics Brookings $10.94 $9.37 17%
HF Financial Sioux Falls $12.56 $13.26 -5%

Total all 4 South Dakota Corps