Monday, February 17, 2014

7 Largest US Electronics, Music & Video Stores Company Stock Prices Down 40% Due to Financial Meltdown Spillover Effects, Then Up 291% Under Obama and the US Fed

I found 7 US Electronics, Music & Video Stores Companies classified in the Services 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 Electronics, Music & Video Stores Companies had their average stock prices decline by a huge 40% 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 Electronics, Music & Video Stores Companies have increased by a robust 291% through February 14, 2014, led by Los Gatos, CA-based Netflix. 
 
Clearly, a majority of the investors in and employees of these 7 largest US Electronics, Music & Video Stores 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 Electronics, Music & Video Stores 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
Electronics, Music & Video Stores HQs
 2-14-14   3-6-09   12-31-07   2-14-14  3-6-09








Netflix Los Gatos CA     435.51       38.18       26.62 1041% 43%
Trans World Entertainment Albany NY        3.98         0.59         4.90 575% -88%
Conns Woodlands TX      53.84       10.04       15.13 436% -34%
GameStop Grapevine TX      35.61       22.38       62.11 59% -64%
Best Buy Richfield MN      24.78       24.71       52.65 0% -53%
hhgregg Indianapolis IN        9.25       10.33       13.76 -10% -25%
RadioShack Fort Worth TX        2.64         6.70       16.86 -61% -60%








Average % Change all 7




291% -40%