Friday, February 21, 2014

South Carolina Company Average Stock Prices Up 724% Under Obama, Clyburn, Graham and the US Fed, After Being Down 57% Due to Financial Meltdown

I found 11 South 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 20, 2014.
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 11 South Carolina Headquartered Companies had their equally-company-weighted average stock market prices decline by a massive 57% 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 11 South Carolina Headquartered Companies have increased by a spectacularly off-the-charts 724% through February 20, 2014.

All 11 South Carolina Companies had their stock market prices increase since March 6, 2009, with the lowest increase being a respectable 55%.

But the main driver of this 724% average stock market growth is 3D Systems, based in Rock Hill, which is a key part of the Charlotte, NC Metropolitan area.  3D Systems's stock price has increased 51 times since March 6, 2009.  

US Republican Senator Lindsay Graham and US House Democrat James Clyburn have both been especially effective advocates for South Carolina businesses of all sizes.

South Carolina citizens should be extremely pleased with the outstanding performance of these South Carolina Companies during the Obama Administration.

Below here are the stock market prices of these 11 South Carolina Companies Companies on February 20, 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
South Carolina Company HQs
2-20-14 3-6-09 12-31-07 2-20-14 3-6-09








3D Systems Corp Rock Hill SC      80.56        1.54        5.15 5120% -70%
World Acceptance Greenville SC     100.33      11.26      26.98 791% -58%
Denny's Corp Spartanburg SC        6.50        1.19        3.75 446% -68%
Delta Apparel Greenville SC      16.10        3.89        7.12 314% -45%
Synalloy Spartanburg SC      14.81        4.24      17.19 249% -75%
Blackbaud Charleston SC      32.92        9.49      28.04 247% -66%
First Financial Holdings Columbia SC      58.74      17.72      31.67 231% -44%
First Citizens Bancorp Columbia SC     695.00     225.00     660.00 209% -66%
ScanSource Greenville SC      39.54      14.63      32.35 170% -55%
Sonoco Products Hartsville SC      41.38      17.62      32.68 135% -46%
AVX Corp Fountain Inn SC      12.84        8.31      13.42 55% -38%








Average % Change all 11




724% -57%