Thursday, May 15, 2014

Maine Company Average Stock Market Prices Up 231% Under Obama, a Democratic US Senate and a Quantitative Easing US Fed, After Being Down 43% During Financial Meltdown

I found 5 Maine 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.

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

These 5 Maine Companies had their average stock market prices decline by a huge 43% 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 5 Maine Companies have increased by a robust 231% through May 14, 2014.

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, Maine's unemployment rate increased sharply, going from 4.8% in December 2007 to 8.3% 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 Maine State unemployment rate declined markedly, going from 8.3% in October 2009 to 5.7% in the most recently reported April 2014.

Below here are the stock market prices of each of these 5 Maine 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
Maine Company HQs
5-14-14 3-6-09 12-31-07 5-14-14 3-6-09



$s $s $s

WEX Inc South Portland ME       90.64    13.79    35.49 557% -61%
IDEXX Laboratories Westbrook ME      127.98    29.23    58.63 338% -50%
Camden National Camden ME       35.68    16.10    28.39 122% -43%
Bar Harbor Bankshares Ben Harbor ME       37.60    18.98    31.40 98% -40%
The First Bancorp Damariscotta ME       15.80    11.24    14.64 41% -23%








Average % Change all 5




231% -43%