Thursday, January 23, 2014

8 Largest US Rubber & Plastics Corps Average Stock Prices Down 64% Due to Financial Meltdown Spillover Effects, Then Up 389% Under Obama and the US Fed

I found 8 US Rubber & Plastics Corps classified in the Consumer Goods 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 22, 2014.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 8 US Rubber & Plastics Companies had their average stock prices drop by a massive 64% 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 8 US Rubber & Plastics Corps have increased by an impressive 389% through January 22, 2014.
   
Clearly, the investors in and employees of these 8 US Rubber & Plastics Companies must be very 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.  The Obama Administration's initiatives in the auto industry was especially helpful to this Rubber & Plastics Industry.
  
Below here are the market prices of each of these 8 US Rubber & Plastics Companies on January 22, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 22, 2014:
 






Market Market






Price Price






% %






Change Change



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



Price Price Price to to
Rubber & Plastics HQs
1-22-14 3-6-09 12-31-07 1-22-14 3-6-09








Goodyear Tire & Rubber Akron OH      24.42        3.51      28.22 596% -88%
Cooper Tire & Rubber Findlay OH      23.01        3.44      16.58 569% -79%
Myers Industries Akron OH      20.07        3.35      14.47 499% -77%
Titan Intl Quincy IL      19.16        3.33      25.01 475% -87%
Carlisle Cos Charlotte NC      79.01      18.11      37.03 336% -51%
AEP Industries South Hackensack NJ      47.40      12.06      32.01 293% -62%
Rogers Corp Rogers CT      59.43      16.04      43.37 271% -63%
Tredegar Richmond VA      26.22      15.20      16.08 73% -5%








Average % Change all 8




389% -64%