Thursday, January 23, 2014

6 Largest US Small Tools & Accessories Corps Average Stock Prices Down 56% Due to Financial Meltdown Spillover Effects, Then Up 289% Under Obama and the US Fed

I found 6 US Small Tools & Accessories Corps 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 22, 2014.

In deriving these US Small Tools & Accessories Corps, I first started with the very helpful Yahoo Finance Website  Small Tools & Accessories Industry .

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

These 6 largest US Small Tools & Accessories Companies had their average stock prices drop by a huge 56% from December 31, 2007 during President Bush's second Presidential term, and very early in President Obama's first term on March 6, 2009, 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 6 largest US Small Tools & Accessories Corps have increased by a robust 289% through January 22, 2014.  And the lowest stock price appreciation of the 6 was 70%.

Clearly, the investors in and employees of these 6 US largest Small Tool & Accessories 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 6 largest US Small Tools & Accessories Companies on January 22, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 22, 2014:







Market Market






Price Price






% %






Change Change



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



Price Price Price to to
Small Tools & Accessories HQs
1-22-14 3-6-09 12-31-07 1-22-14 3-6-09








Toro Bloomington MN       63.92      10.57 27.22 505% -61%
Lincoln Electric Holdings Cleveland OH       72.07      13.66 35.59 428% -62%
Snap-on Kenosha WI      105.49      21.52 48.24 390% -55%
LS Starrett Co Athol MA       16.46       5.60 16.91 194% -67%
Simpson Manufacturing Pleasanton CA       34.24      13.92 26.59 146% -48%
The Eastern Co Naugatuck CT       17.01      10.00 18.34 70% -45%








Average % Change all 6




289% -56%