Tuesday, January 28, 2014

7 Largest US Newspaper Publishing Companies Average Stock Prices Down 82% Due to Financial Meltdown Spillover Effects, Then Up 1,046% Under Obama and the US Fed

I found 7 US Newspaper Publishing Companies classified in the Services Sector at Yahoo's superb 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 27, 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 Newspaper Publishing Companies had their average stock prices drop by a massive 82% 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 Newspaper Publishing Companies have increased by a spectacular 1,046% through January 27, 2014, with 4 of the 7 having stock price appreciation of more than 10 times.        
           
Clearly, the investors in and employees of these 7 US Newspaper Publishing 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 Newspaper Publishing Companies on January 27, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 27, 2014:







Market Market






Price Price






% %






Change Change



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



 Price   Price   Price  to to
Newspaper Publishing Companies

 1-27-14   3-6-09   12-31-07  1-27-14 3-6-09








EW Scripps

     17.25        0.79      31.19 2084% -97%
Journal Communications

       8.34        0.49        8.94 1602% -95%
Lee Enterprises

       4.03        0.29      14.65 1290% -98%
Gannett

     27.36        2.20      39.00 1144% -94%
McClatchy

       4.61        0.68      12.52 578% -95%
Daily Journal

    161.70      34.32      41.25 371% -17%
New York Times

     14.53        4.07      17.53 257% -77%








Average % Change all 7




1046% -82%