Monday, February 17, 2014

7 Largest US Business Equipment Company Stock Prices Down 71% Due to Financial Meltdown Spillover Effects, Then Up 264% Under Obama and the US Fed

I found 7 US Business Equipment Companies classified in the Consumer Goods Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil 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 the most recent date February 14, 2014.

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

These 7 largest US Business Equipment Companies had their average stock prices decline by a massive 71% 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 in the slightly less than five years since March 6, 2009, the average stock prices of these same 7 largest US Business Equipment Companies have increased by a robust 264% through February 14, 2014.  All 7 of these Companies had their stock prices increase since March 6, 2009.
 
Clearly, the investors in and employees of these 7 largest US Business Equipment Companies must be 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.

Below here are the stock market prices of each of these 7 largest US Business Equipment Companies on February 14, 2014, on March 6, 2009, and on  December 31, 2007:







Market Market






Price Price






% %






Change Change



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



Price Price Price to to
Business Equipment Company HQs
2-14-14 3-6-09 12-31-07 2-14-14 3-6-09








VeriFone Systems San Jose CA        28.30        4.02      23.25 604% -83%
HNI Corp Muscatine IA        34.69        8.16      35.06 325% -77%
Steelcase Grand Rapids MI        14.65        3.89      15.87 277% -75%
Herman Miller Zeeland MI        28.07        8.29      32.39 239% -74%
Avery Dennison Pasadena CA        49.40      17.40      53.14 184% -67%
Knoll Inc East Greenville PA        15.61        5.56      16.43 181% -66%
Pitney Bowes Stamford CT        25.64      18.02      38.04 42% -53%








Average % Change all 7




264% -71%