Saturday, January 25, 2014

5 Largest US Home Furnishing Store Corps Average Stock Prices Up 2,906% Under Obama and the US Fed

I found 5 US Home Furnishing 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 5 US Home Furnishing Store Companies had their average stock prices drop by 6% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term.

But since March 6, 2009, the average stock prices of these same 5 US Home Furnishing Store Corps have increased by an incredibly off-the-charts 2,906% through January 24, 2014, driven mainly by Pier 1 Import's 12,840% stock price appreciation.  And the lowest increase of the 5 was 231%.

Clearly, the investors in and executives of these 5 US Home Furnishing Store Companies must be just elated 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 5 US Home Furnishing 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
Home Furnishing Stores HQs
 1-24-14   3-6-09   12-31-07  1-24-14 3-6-09








Pier 1 Imports Fort Worth TX      19.41        0.15        5.23 12840% -97%
Williams-Sonoma San Francisco CA      53.46        7.60      25.90 603% -71%
Kirkland's Nashville TN      19.54        2.81        0.98 595% 187%
Haverty Furniture Atlanta GA      28.04        7.75        8.99 262% -14%
Bed Bath & Beyond Union NJ      64.59      19.52      29.39 231% -34%








Average % Change all 5




2906% -6%