Saturday, January 25, 2014

7 Largest US Broadcasting Radio Corps Average Stock Prices Down 89% Due to Financial Meltdown Spillover Effects, Then Up 1,309% Under Obama and the US Fed

I found 7 US Broadcasting Radio 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 7 US Broadcasting Radio Companies had their average stock prices drop by a massive 89% 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 7 US Broadcasting Radio Corps have increased by a spectacularly off-the-charts 1,309% through January 24, 2014.  And 3 of the 7 were "Ten Baggers Plus".  Also, the lowest increase of the 7 was a superb 538%.
        
Clearly, the investors in and employees of these 7 US Broadcasting Radio 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 7 US Broadcasting Radio 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
Broadcasting Radio Co HQs
 Price   Price   Price  to to



 1-24-14   3-6-09   12-31-07  1-24-14 3-6-09








Salem Communications Camarillo CA        8.60        0.34        6.59 2429% -95%
Sirius XM Holdings New York NY        3.64        0.15        3.03 2410% -95%
Radio One Inc Silver Spring MD        4.95        0.41        2.37 1107% -83%
Entercom Communications Bala Cynwyd PA        9.68        0.93      13.69 941% -93%
Emmis Communications Indianapolis IN        3.05        0.30        3.85 917% -92%
Beasley Broadcast Group Naples FL        9.23        1.00        5.20 823% -81%
Cumulus Media Atlanta GA        6.83        1.07        8.04 538% -87%








Average % Change all 7




1309% -89%