Thursday, January 30, 2014

3 Largest US Aluminum Companies Average Stock Prices Down 88% Due to Financial Meltdown Spillover Effects, Then Up 476% Under Obama and the US Fed

I found 3 US Aluminum Companies Companies classified in the Basic Materials Sector at Yahoo's superb 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 29, 2014.
   
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 3 US Aluminum Companies had their average stock prices drop by a massive 88% 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 3 US Aluminum Companies have increased by a robust 476% through January 29, 2014.
 
Clearly, the investors in and employees of these 3 US Aluminum Companies must be 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 3 US Aluminum Companies on January 29, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 29, 2014:
 






Market Market






Price Price






% %






Change Change



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



 Price   Price   Price  to to
Aluminum      1-29-14   3-6-09   12-31-07  1-29-14 3-6-09
 






Alcoa

       11.99        5.22      36.55 130% -86%
Kaiser Aluminum

       69.23      16.70      79.48 315% -79%
Century Aluminum

       11.91        1.10      53.94 983% -98%






   
Average % Change all 3




476% -88%