In deriving these US Machine Tools & Accessories Corps, I first started with the very helpful Yahoo Finance Website Machine 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 7 largest US Machine Tools & Accessories Companies had their average stock prices drop by a massive 70% 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 7 largest US Machine Tools & Accessories Corps have increased by an exceptional 564% through January 21, 2014. And the lowest stock price appreciation of the 7 was a very robust 183%.
Clearly, the investors in and employees of these 7 US largest Machine Tools & Accessories 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 7 largest US Machine Tools & Accessories 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 | |||
Machine Tools & Accessories Co | HQs | 1-21-14 | 3-6-09 | 12-31-07 | 1-21-14 | 3-6-09 | |
NN Inc | Johnson City | TN | 19.10 | 0.93 | 9.42 | 1954% | -90% |
Timken | Canton | OH | 55.87 | 10.04 | 32.85 | 456% | -69% |
RBC Bearings | Oxford | CT | 69.59 | 12.59 | 43.46 | 453% | -71% |
Hardinge | Elmira | NY | 14.20 | 2.96 | 16.78 | 380% | -82% |
Kennametal | Latrobe | PA | 50.92 | 13.53 | 37.86 | 276% | -64% |
Stanley Black & Decker | New Britain | CT | 81.00 | 23.56 | 48.48 | 244% | -51% |
Blount Intl | Portland | OR | 13.34 | 4.72 | 12.31 | 183% | -62% |
Average % Change all 7 | 564% | -70% |