Tuesday, January 21, 2014

10 Largest US Farm & Construction Machinery Corps Average Stock Prices Down 71% Due to Financial Meltdown Spillover Effects, Then Up 354% Under Obama and the US Fed

I found 10 US Farm & Construction Machinery Corps with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 17, 2014.

In deriving these US Farm & Construction Machinery Corps, I first started with the very helpful Yahoo Finance Website Farm & Construction Machinery Industry

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

These 10 largest US Farm & Construction Machinery Companies had their average stock prices drop by a massive 71% from December 31, 2007 during President Bush's second Presidential term, and very early in President Obama's first term, or on March 6, 2009, which was the very lowest point due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 10 largest US Farm & Construction Machinery Corps have increased by a very impressive 354% through January 17, 2014.  And the lowest increase was a very robust 92%.

Clearly, the investors in and employees of these 10 US largest US Farm & Construction Machinery Companies must be very pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.
  
Below here are the market prices of each of these 10 largest US Farm & Construction Machinery Companies on January 17, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 17, 2014:






Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to
Farm&Construction Machinery Co HQs
1-17-14 3-6-09 12-31-07 1-17-14 3-6-09







Manitowoc Manitowoc  WI       25.60       2.42      48.83 958% -95%
Alamo Group Sequin  TX       56.50      10.05      18.12 462% -45%
Terex Westport  CT       42.14       7.63      65.57 452% -88%
Caterpillar Peoria  IL       91.44      23.23      72.56 294% -68%
Lindsay Corp Omaha  NE       84.49      22.35      70.69 278% -68%
Columbus McKinnon Amherst  NY       26.09       7.10      32.62 267% -78%
AGCO Corp Duluth  GA       55.41      15.10      67.98 267% -78%
Deere Moline  IL       89.35      25.51      93.12 250% -73%
Joy Global Milwaukee  WI       56.23      17.58      65.82 220% -73%
Astec Industries Chattanooga  TN       39.91      20.82      37.19 92% -44%








Average % Change all 10




354% -71%