Wednesday, January 22, 2014

7 Largest US Machine Tools & Accessories Corps Average Stock Prices Down 70% Due to Financial Meltdown Spillover Effects, Then Up 564% Under Obama and the US Fed

I found 7 US Machine 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 21, 2014.

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%