Wednesday, January 22, 2014

6 Largest US Textile Industrial Corps Average Stock Prices Down 79% Due to Financial Meltdown Spillover Effects, Then Up 936% Under Obama and the US Fed

I found 6 US Textile Industrial 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 21, 2014.

In deriving these US Textile Industrial Corps, I first started with the very helpful Yahoo Finance Website Textile Industrial 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 Textile Industrial Companies had their average stock prices drop by a massive 79% 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 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 Textile Industrial Corps have increased by an off-the-charts 936% through January 21, 2014.  And the lowest stock price appreciation of the 6 was a spectacular 615%.
 
Clearly, the investors in and employees of these 6 US largest Textile Industrial Companies must be extremely 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 Textile Industrial Companies on January 21, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 21, 2014:






Market Market






Price Price






% %






Change Change



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



Price Price Price to to
Textile Industrial Co HQs
1-21-14 3-6-09 12-31-07 1-21-14 3-6-09







The Dixie Group Chattanooga TN      14.04       0.95       8.31 1378% -89%
Unifi Greensboro NC      25.40       1.83       7.26 1288% -75%
Interface Atlanta GA      21.80       1.98      16.32 1001% -88%
Mohawk Industries Calhoun GA    146.23      18.24      74.40 702% -75%
Culp High Point NC      20.40       2.79       6.96 631% -60%
Albany Intl Rochester NH      36.81       5.15      37.10 615% -86%








Average % Change all 6




936% -79%