Saturday, February 22, 2014

North Carolina Company Average Stock Prices Up 386% Under Obama, Hagan and the US Fed, After Being Down 52% Due to Financial Meltdown

I found 51 North Carolina Headquartered 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 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%