Sunday, January 26, 2014

4 Largest US Sporting Goods Store Corps Average Stock Prices Down 52% Due to Financial Meltdown Spillover Effects, Then Up 437% Under Obama and the US Fed

I found 4 US Sporting Goods Store Companies classified in the Services 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 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 Sporting Goods Store Companies had their average stock prices drop by a huge 52% 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 Sporting Goods Store Corps have increased by an impressive 437% through January 24, 2014, with the lowest increase of the 4 being a superb 301%. 
           
Clearly, the investors in and executives of all 4 of these US Sporting Goods Store 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 Sporting Goods Store 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
Sporting Goods Store Corps HQs
 1-24-14   3-6-09   12-31-07  1-24-14 3-6-09




   


Cabela's Inc Sidney NE      67.05        8.05      15.07 733% -47%
Dick's Sporting Goods Coraopolis PA      52.43      10.77      27.76 387% -61%
Hibbett Sports Birmingham AL      59.94      14.08      19.98 326% -30%
Big 5 Sporting Goods El Segundo CA      17.89        4.46      14.42 301% -69%








Average % Change all 4




437% -52%