Thursday, May 15, 2014

Indiana Company Average Stock Market Prices Up 815% Under Obama, a Democratic US Senate and a Quantitative Easing US Fed, After Being Down 58% During Financial Meltdown

I found 42 Indiana Headquartered Companies in Yahoo's or Google's superb Finance websites or from SEC filings 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 May 14, 2014.
I also included two Indiana Companies which were sold in November 2013 and April 2014.  And I also included one Indiana Company whose common stock first started trading in early 2008.  That makes 45 Indiana Companies.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 45 Indiana Companies had their average stock market prices decline by a massive 58% 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 more than five years since March 6, 2009, the average stock market prices of these same 45 Indiana Companies have increased by a phenomenally off-the-charts 815% through May 14, 2014, led mainly by Patrick Industries' stock market price up a massive 111 times, Remy Intl up 47 times, CNO Financial up 42 times and Escalade up 35 times, all in the most recent roughly 5 years.

In similar fashion, from the US Bureau of Labor Statistics, the US unemployment rate doubled from 5.0% in December 2007 to 10.0% in October 2009, early in President Obama's first term which was the very lowest point for the US Labor Market due to the lagging spillover effects resulting from the disastrous 2008 Financial Meltdown.

And then with the US economic stimulating actions of the Obama Administration, supported by both a Democratic controlled US Senate and US House (at the time), taking full effect, coupled with the Quantitative Easing by the US Fed, the US unemployment rate declined sharply from 10.0% in October 2009 to 6.3% in the most recently reported April 2014.

In like manner, Indiana's unemployment rate more than doubled, going from 4.6% in December 2007 to 10.4% in October 2009.  And then with the US economic stimulating actions of the Obama Administration, supported by both a Democratic controlled US Senate and US House (at the time), going full throttle, coupled with the Quantitative Easing by the US Fed, the Indiana State unemployment rate declined precipitously, going from 10.4% in October 2009 to 5.7% in the most recently reported April 2014.

Below here are the stock market prices of each of these 45 Indiana Companies on May 14, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:






Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to
Indiana Company HQs
5-14-14 3-6-09 12-31-07 5-14-14 3-6-09



$s $s $s

Patrick Industries Elkhart IN       38.41      0.34      9.96 11131% -97%
Remy Intl Pendleton IN       23.90      0.50    31.50 4680% -98%
CNO Financial Group Carmel IN       16.49      0.38    12.56 4239% -97%
Escalade Evansville IN       14.86      0.41      9.13 3524% -96%
Wabash National Lafayette IN       13.20      0.95      7.69 1289% -88%
Emmis Communications Indianapolis IN         3.14      0.30      3.85 947% -92%
Supreme Industries Goshen IN         5.97      0.73      5.06 714% -86%
Drew Industries Elkhart IN       48.62      6.04    27.40 705% -78%
Cummins Columbus IN      151.70    19.34    63.69 684% -70%
CTS Corp Elkhart IN       16.89      2.26      9.93 647% -77%
Simon Property Group Indianapolis IN      174.27    26.19    86.86 565% -70%
CFS Bancorp Munster IN       12.52      1.95    14.69 542% -87%
Finish Line Indianapolis IN       28.95      4.51      2.42 542% 86%
Interactive Intelligence Group Indianapolis IN       47.39      8.33    26.35 469% -68%
Thor Industries Elkhart IN       59.22    10.47    38.01 466% -72%
Shoe Carnival Evansville IN       21.82      4.31      9.41 406% -54%
Tower Financial Fort  Wayne IN       23.54      4.75    13.00 396% -63%
Haynes Intl Kokomo IN       56.02    11.35    69.50 394% -84%
Mutualfirst Financial Muncie IN       18.90      4.10    13.94 361% -71%
Celadon Group Indianapolis IN       21.89      4.75      9.16 361% -48%
Franklin Electric Fort Wayne  IN        37.72      9.00    19.14 319% -53%
Hill-Rom Holdings Batesville IN       38.90      9.34    29.96 316% -69%
Horizon Bancorp Michigan City IN       20.30      4.98    11.40 308% -56%
Duke Realty Indianapolis IN       17.45      4.48    26.08 290% -83%
WellPoint Indianapolis IN      105.67    31.41    87.73 236% -64%
Calumet Specialty Product Partners LP Indianapolis IN       30.10      9.45    37.03 219% -74%
Zimmer Holdings Warsaw IN      100.93    32.66    66.15 209% -51%
Hurco Companies Indianapolis IN       27.65      9.21    43.65 200% -79%
Mainsource Financial Group Greensburg IN       16.25      5.42    15.56 200% -65%
Kimball Intl Jasper IN       16.64      5.81    13.70 186% -58%
First Merchants Muncie IN       20.18      7.76    21.84 160% -64%
German American Bancorp Jasper IN       25.09    10.51    12.74 139% -18%
Lakeland Financial Warsaw IN       35.84    15.02    20.90 139% -28%
Steel Dynamics Fort Wayne IN       18.14      7.89    29.79 130% -74%
Kite Realty Group Trust Indianapolis IN         6.37      2.93    15.27 117% -81%
Eli Lilly Indianapolis IN       60.10    27.98    53.39 115% -48%
1st Source South Bend IN       30.20    15.16    17.31 99% -12%
Hillenbrand Batesville IN       29.65    16.05    18.00 85% -11%
Symmetry Medical Warsaw IN         8.11      4.41    17.43 84% -75%
Republic Airways Indianapolis IN         9.68      5.45    19.59 78% -72%
Old National Bancorp Evansville IN       13.56      9.30    14.96 46% -38%
Baldwin & Lyons Indianapolis IN       26.01    19.03    27.46 37% -31%
First Financial Bancorp Terre Haute IN       31.31    31.68    28.34 -1% 12%
hhgregg Indianapolis IN         8.32    10.33    13.76 -19% -25%
ITT Educational Services Carmel IN       25.08  101.37    85.27 -75% 19%








Average % Change all 45




815% -58%