Sunday, February 23, 2014

Maine Company Average Stock Prices Up 234% Under Obama, Collins, Snowe, King and the US Fed, After Being Down 43% Due to Financial Meltdown

I found 5 Maine Companies in 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 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.
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 5 Maine Companies had their equally-company-weighted average stock market prices decline by a huge 43% 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 5 Maine Companies have increased by a robust 234% through February 21, 2014.

This 234% average stock price increase is particularly noteworthy since 3 of these 5 Maine Companies are banks, whose average stock price increase was only 88%.  The two Non-bank Maine Companies had their average stock price increase by 452% since March 6, 2009.

All 5 Maine Companies had their stock prices increase since March 6, 2009 with the lowest increase being a respectable 45%.

Maine citizens must be pleased with the outstanding performance of their Maine Companies during the Obama Administration.

Below here are the stock market prices of these 5 Maine 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
Maine Company HQs
2-21-14 3-6-09 12-31-07 2-21-14 3-6-09








WEX Inc South Portland ME          93.42        13.79          35.49 577% -61%
IDEXX Laboratories Westbrook ME        124.64        29.23          58.63 326% -50%
Camden National Camden ME          35.92        16.10          28.39 123% -43%
Bar Harbor Bankshares Ben Harbor ME          37.18        18.98          31.40 96% -40%
The First Bancorp Damariscotta ME          16.34        11.24          14.64 45% -23%








Average % Change all 5




234% -43%