Friday, March 14, 2014

Florida IPOs During Obama: 16 Companies Up 40% Over 29 Month Average Period

With the superb Initial Public Offering (IPO) data available from IPO Scoop, there were 16 Florida Companies filing IPOs so far during the Obama Administration .....from Jan 2009 through Feb 2014..... which have a Market Capitalization of more than $100 mil presently or were sold for at least that amount.
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.  The superb Yahoo Finance website was also utilized heavily.

These 16 Florida Companies had their average stock market price increase by an impressive 40% over a short 29 month average period of time that their common stocks traded through the most recent date March 13, 2014.

Spirit Airlines, with its stock market price increase of a massive 390% over only a short 34 month period of time, was the main driver of this overall average 40% growth.  In addition, RailAmerica's 100% stock price growth and Bloomin Brands's 99% stock price growth over an extremely short 19 month period of time were also key contributors to this 40% overall average growth.

Bringing down this average stock market price growth of 40% were the 2 REITs, which had an average stock market price growth of a negative (14)%.  This lower stock price growth for US REITs only makes sense because REITs are required to distribute annually at least 90% of their taxable income in order to retain their tax-exempt status.

Below here are the stock market prices on the most recent date March 13, 2014 or the date the Company was sold and also at the close on the first day of the IPO, as well as the related % Market Price Change for this period of time, for these 16 Florida Companies:

1st Day

3-13-14 IPO %

Stock Closing Market

Market Market Price
Date Company HQs Sector Industry Price Price Change

Florida IPOs During Obama

5/26/11 Spirit Airlines  Miramar Services Major Airlines $59.36 $12.11 390%
10/13/09 RailAmerica  Jacksonville Services Railroads $27.50 $13.75 100%
8/8/12 Bloomin Brands  Tampa Services Restaurants $24.69 $12.41 99%
5/3/12 EverBank Financial  Jacksonville Financial Regional Banks $19.01 $10.60 79%
9/20/12 Capital Bank Financial  Coral Gables Financial Regional Banks $25.27 $18.19 39%
7/25/13 WCI Communities  Bonita Springs Industrial Goods Residential Construction $19.54 $15.12 29%
1/18/13 Norwegian Cruise Line Holdings   Miami Services General Entertainment $32.00 $24.79 29%
1/28/11 BankUnited   Miami Lakes Financial Regional Banks $33.18 $28.40 17%
4/9/10 Metals USA Holdings  Ft Lauderdale Services Wholesale Metal Service Centers $20.65 $19.20 8%
6/17/11 Bankrate  North Palm Beach Technology Internet Information Providers $16.40 $15.34 7%
4/16/10 Chatham Lodging Trust  Palm Beach Financial REIT-Hotel/Motel $20.74 $20.50 1%
4/19/13 SeaWorld Entertainment   Orlando Services Sporting Activities $31.51 $33.52 -6%
10/3/12 JAVELIN Mortgage Investment  Vero Beach Financial REIT-Mortgage Investment $13.81 $19.60 -30%
12/17/10 Fortegra Financial  Jacksonville Financial Property & Casualty Insurance $7.17 $11.00 -35%
9/24/09  Boca Raton Services Catalog&Mail Order Houses $6.76 $12.05 -44%
2/8/11 Imperial Holdings  Boca Raton Financial Life Insurance $5.78 $10.81 -47%

Average % Change all 16


Average Number of Months 16 Stocks Traded 29