- On December 31, 2007 during President Bush's second term
- On March 6, 2009, very early in President Obama's first term, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and
- also on the most recent date February 21, 2014.
These 19 Louisiana Companies had their equally-company-weighted average stock market prices decline by a massive 58% 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 equally-company-weighted average stock market prices of these same 19 Louisiana Companies have increased by a very robust 323% through February 21, 2014, led by Stone Energy's stock market price increasing by 18.5 times since March 6, 2009.
18 of the 19 Louisiana Companies had their stock market prices increase since March 6, 2009.
Louisiana citizens should be pleased with the excellent performance of their Louisiana Companies during the Obama Administration.
Below here are the stock market prices of these 19 Louisiana Companies on February 21, 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 | |||
Louisiana Company | HQs | 2-21-14 | 3-6-09 | 12-31-07 | 2-21-14 | 3-6-09 | |
Stone Energy Corp | Lafayette | LA | 35.37 | 1.81 | 46.91 | 1854% | -96% |
Lamar Advertising | Baton Rouge | LA | 49.83 | 5.59 | 48.07 | 791% | -88% |
Globalstar | Covington | LA | 2.37 | 0.37 | 8.00 | 541% | -95% |
H&E Equipment Services | Baton Rouge | LA | 30.96 | 4.95 | 18.88 | 525% | -74% |
Pool Corp | Covington | LA | 58.88 | 11.59 | 19.83 | 408% | -42% |
Albemarle | Baton Rouge | LA | 63.91 | 16.17 | 41.25 | 295% | -61% |
Gulf Island Fabrication | Houma | LA | 20.49 | 5.44 | 31.71 | 277% | -83% |
Hornbeck Offshore Services | Covington | LA | 39.16 | 10.73 | 44.95 | 265% | -76% |
Reliance Steel & Aluminum | Los Angeles | LA | 70.14 | 22.44 | 54.20 | 213% | -59% |
PHI Inc | Lafayette | LA | 39.77 | 13.03 | 31.60 | 205% | -59% |
Amerisafe Inc | DeRidder | LA | 40.08 | 13.80 | 15.51 | 190% | -11% |
Teche Holding Co | New Iberia | LA | 72.15 | 26.70 | 37.75 | 170% | -29% |
PetroQuest Energy Inc | Lafayette | LA | 4.49 | 1.80 | 14.30 | 149% | -87% |
Midsouth Bancorp | Lafayette | LA | 17.24 | 8.25 | 23.30 | 109% | -65% |
IberiaBank | Lafayette | LA | 62.34 | 38.39 | 46.75 | 62% | -18% |
Tidewater | New Orleans | LA | 47.34 | 32.07 | 54.86 | 48% | -42% |
LHC Group | Lafayette | LA | 23.87 | 17.16 | 24.98 | 39% | -31% |
CenturyLink | Monroe | LA | 31.09 | 24.09 | 41.46 | 29% | -42% |
Amedisys | Baton Rouge | LA | 16.60 | 26.41 | 48.52 | -37% | -46% |
Average % Change all 19 | 323% | -58% |