Friday, January 24, 2014

12 Largest US Footwear & Accessories Corps Average Stock Prices Down 51% Due to Financial Meltdown Spillover Effects, Then Up 419% Under Obama and the US Fed

I found 12 US Footwear & Accessories Companies classified in the Consumer Goods Sector at Yahoo's fine Finance website 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 23, 2014.

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

These 12 US Footwear & Accessories Companies had their average stock prices drop by a huge 51% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 12 US Footwear & Accessories Corps have increased by a very robust 419% through January 23, 2014.  And 11 of the 12 had increases above 200% each.
      
Clearly, the investors in and employees of these 12 US Footwear & Accessories 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 12 US Footwear & Accessories Companies on January 23, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 23, 2014:







Market Market






Price Price






% %






Change Change



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



Price Price Price to to
Textile-Apparel Footwear & Accessories
1-23-14 3-6-09 12-31-07 1-23-14 3-6-09








Crocs Inc

     15.05        1.19      36.81 1165% -97%
Steven Madden

     33.00        4.31        5.93 666% -27%
Deckers Outdoor

     73.75      13.30      51.69 454% -74%
Rocky Brands

     14.61        2.80        6.13 422% -54%
Iconix Brand Group

     36.81        7.16      19.66 414% -64%
Skechers USA

     27.30        5.71      19.51 378% -71%
Foot Locker

     38.21        8.39      13.66 355% -39%
Wolverine World Wide

     28.41        6.69      12.26 325% -45%
Coach

     49.35      11.80      30.58 318% -61%
Nike

     72.73      19.97      32.12 264% -38%
RG Barry Corp

     18.54        5.58        7.05 232% -21%
Weyco Group

     28.15      20.47      27.50 38% -26%








Average % Change all 12




419% -51%