- 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 51 North Carolina Companies had their equally-company-weighted average stock market prices decline by a huge 52% 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 51 North Carolina Companies have increased by a very impressive 386% through February 21, 2014, led by 5 Companies having their stock market prices increasing by at least 10 times since March 6, 2009.....Sonic Automotive (up 23 times), Salix Pharmaceuticals (up 15 times), Krispy Kreme Doughnuts (also up 15 times), Unifi (up 12 times) and Hanesbrands (up 10 times).
To illustrate their consistent operating performance, 48 of the 51 North Carolina Companies had their stock market prices increase since March 6, 2009.
I excluded from the 51 North Carolina Companies 3D Systems Corp, which is located in the Charlotte, NC Metropolitan Area in Rock Hill, SC. 3D Systems had its common stock market price increase from $1.54 on March 6, 2009 to $80.74 on February 21, 2014, an increase of an incredibly off-the-charts 5,143%. If 3D Systems was included with the North Carolina Companies like all of the other Charlotte, NC Metropolitan Area Companies are, then the average stock market price increase since March 6, 2009 of all North Carolina Companies would increase from 386% to a much higher 478%.
Probably more than anyone in office, Kay Hagan is responsible for this outstanding performance of so many of these North Carolina Companies. She works extremely hard for North Carolina businesses and is very effective at it.
North Carolina citizens must be very pleased with the strong performance of these North Carolina Companies during the Obama Administration.
Below here are the stock market prices of these 51 North Carolina 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 | |||
North Carolina Company | HQs | 2-21-14 | 3-6-09 | 12-31-07 | 2-21-14 | 3-6-09 | |
Sonic Automotive | Charlotte | NC | 22.89 | 0.95 | 19.36 | 2309% | -95% |
Salix Pharmaceuticals | Raleigh | NC | 105.37 | 6.49 | 7.88 | 1524% | -18% |
Krispy Kreme Doughnuts | Winston-Salem | NC | 17.97 | 1.15 | 3.16 | 1463% | -64% |
Unifi | Greensboro | NC | 23.62 | 1.83 | 7.26 | 1191% | -75% |
Hanesbrands | Wimston-Salem | NC | 73.61 | 6.14 | 27.17 | 1099% | -77% |
Polypore | Charlotte | NC | 30.01 | 2.93 | 17.50 | 924% | -83% |
BioCryst Pharmaceuticals | Durham | NC | 12.07 | 1.19 | 6.18 | 914% | -81% |
Belk Inc | Charlotte | NC | 50.75 | 5.30 | 31.50 | 858% | -83% |
RF Micro Devices | Greensboro | NC | 5.81 | 0.76 | 5.71 | 664% | -87% |
Culp | High Point | NC | 19.77 | 2.79 | 6.96 | 609% | -60% |
PowerSecure Intl | Wake Forest | NC | 23.43 | 3.46 | 13.50 | 577% | -74% |
NewBridge Bancorp | Greensboro | NC | 6.97 | 1.05 | 10.79 | 564% | -90% |
Ingersoll-Rand | Davidson | NC | 59.41 | 9.45 | 37.09 | 529% | -75% |
Old Dominion Freight Line | Thomasville | NC | 52.96 | 8.50 | 10.27 | 523% | -17% |
Bank of America | Charlotte | NC | 16.29 | 3.14 | 41.26 | 419% | -92% |
Triangle Capital | Raleigh | NC | 28.97 | 5.60 | 12.40 | 417% | -55% |
VF Corp | Greensboro | NC | 58.49 | 11.91 | 17.17 | 391% | -31% |
EnPro Industries | Charlotte | NC | 71.75 | 14.63 | 30.65 | 390% | -52% |
Red Hat | Raleigh | NC | 58.69 | 13.43 | 20.84 | 337% | -36% |
Carlisle Cos | Charlotte | NC | 76.98 | 18.11 | 37.03 | 325% | -51% |
Chelsea Therapeutics | Charlotte | NC | 6.04 | 1.50 | 7.35 | 303% | -80% |
Lowe's | Mooresville | NC | 47.06 | 13.39 | 22.62 | 251% | -41% |
Investors Title Co | Chapel Hill | NC | 77.84 | 23.00 | 38.39 | 238% | -40% |
Cree | Durham | NC | 60.28 | 18.83 | 27.47 | 220% | -31% |
BioDelivery Sciences | Raleigh | NC | 8.87 | 2.92 | 2.93 | 204% | 0% |
Reynolds American | Winston-Salem | NC | 48.62 | 16.08 | 32.98 | 202% | -51% |
BNC Bancorp | High Point | NC | 17.16 | 5.75 | 16.91 | 198% | -66% |
First Citizens Bancshares | Raleigh | NC | 221.25 | 76.95 | 145.85 | 188% | -47% |
BB&T Corp | Winston-Salem | NC | 37.22 | 13.73 | 30.67 | 171% | -55% |
Tanger Factory Outlet Centers | Greensboro | NC | 34.42 | 13.20 | 18.86 | 161% | -30% |
SPX Corp | Charlotte | NC | 104.74 | 41.50 | 102.85 | 152% | -60% |
Lorillard | Greensboro | NC | 48.05 | 19.23 | 28.43 | 150% | -32% |
First Bancorp | Troy | NC | 17.27 | 7.39 | 18.89 | 134% | -61% |
Highwoods Properties | Raleigh | NC | 37.37 | 16.72 | 29.38 | 124% | -43% |
Family Dollar Stores | Matthews | NC | 65.71 | 30.36 | 19.23 | 116% | 58% |
The Cato Corp | Charlotte | NC | 27.26 | 13.46 | 15.66 | 103% | -14% |
Ingles Markets | Black Mountain | NC | 23.53 | 11.62 | 25.39 | 102% | -54% |
VantageSouth Bancshares | Raleigh | NC | 6.03 | 3.00 | 9.50 | 101% | -68% |
Targacept | Winston-Salem | NC | 4.76 | 2.44 | 8.26 | 95% | -70% |
Coca-Cola Bottling | Charlotte | NC | 74.65 | 38.29 | 58.88 | 95% | -35% |
Yadkin Financial | Elkin | NC | 19.12 | 10.47 | 45.81 | 83% | -77% |
Speedway Motorsports | Concord | NC | 19.35 | 10.74 | 31.08 | 80% | -65% |
Laboratory Corp America | Burlington | NC | 93.56 | 54.99 | 75.53 | 70% | -27% |
Martin Marietta Materials | Raleigh | NC | 117.28 | 69.96 | 132.60 | 68% | -47% |
POZEN | Chapel Hill | NC | 8.27 | 4.99 | 12.00 | 66% | -58% |
Nucor | Charlotte | NC | 50.42 | 32.34 | 59.22 | 56% | -45% |
Pike Corp | Mount Airy | NC | 10.20 | 7.57 | 16.76 | 35% | -55% |
Snyder's-Lance | Charlotte | NC | 26.72 | 21.64 | 20.42 | 23% | 6% |
The Pantry | Cary | NC | 13.94 | 15.01 | 26.13 | -7% | -43% |
Alliance One Intl | Morrisville | NC | 2.79 | 3.16 | 4.07 | -12% | -22% |
CommunityOne Bancorp | Asheboro | NC | 10.95 | 175.00 | 1,216.00 | -94% | -86% |
Average % Change all 51 | 386% | -52% |