Monday, January 27, 2014

4 Largest US Gaming Activities Corps Average Stock Prices Down 69% Due to Financial Meltdown Spillover Effects, Then Up 658% Under Obama and the US Fed

I found 4 US Gaming Activities Companies classified in the Services 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 24, 2014.
 
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 4 US Gaming Activities Companies had their average stock prices drop by a massive 69% 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 4 US Gaming Activities Corps have increased by a very impressive 658% through January 24, 2014, led by Austin,TX-based Multimedia Games. 
           
Clearly, the investors in and employees of all 4 of these US Gaming Activities 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 4 US Gaming Activities Companies on January 24, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 24, 2014:







Market Market






Price Price






% %






Change Change



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



 Price   Price   Price  to to
Gaming Activities     HQs
 1-24-14   3-6-09   12-31-07  1-24-14 3-6-09








Multimedia Games Holding Austin TX      33.90        1.74        8.34 1848% -79%
Bally Technologies Las Vegas NV      75.68      13.47      49.72 462% -73%
Churchill Downs Louisville KY      92.27      23.63      53.97 290% -56%
Scientific Games Corp New York NY      14.38      10.89      33.25 32% -67%








Average % Change all 4




658% -69%