Thursday, May 15, 2014

North Carolina Company Average Stock Market Prices Up 385% Under Obama, a Democratic US Senate and a Quantitative Easing US Fed, After Being Down 52% During Financial Meltdown

I found 51 North Carolina 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 North Carolina Companies which were sold in 2014.  And I also included one North Carolina Company whose common stock first started trading during 2008.  That makes it 54 North Carolina Companies.

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

These 54 North Carolina Companies had their 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 more than five years since March 6, 2009, the average stock market prices of these same 54 North Carolina Companies have increased by a very impressive 385% through May 14, 2014.

Seven of these 54 North Carolina Companies..... Sonic Automotive, Salix Pharmaceuticals, Krispy Kreme Doughnuts, Polypore, Hanesbrands, Unifi and RF Micro Devices.... had their stock market prices increase by more than 10 times 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, North Carolina's unemployment rate more than doubled, going from 5.0% in December 2007 to 10.9% 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 North Carolina State unemployment rate declined sharply, going from 10.9% in October 2009 to 6.2% in the most recently reported April 2014.

Below here are the stock market prices of each of these 54 North Carolina 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
North Carolina Company HQs
5-14-14 3-6-09 12-31-07 5-14-14 3-6-09



$s $s $s

Sonic Automotive Charlotte NC       24.42      0.95    19.36 2471% -95%
Salix Pharmaceuticals Raleigh NC      105.58      6.49      7.88 1527% -18%
Krispy Kreme Doughnuts Winston-Salem NC       18.25      1.15      3.16 1487% -64%
Polypore  Charlotte NC       43.17      2.93    17.50 1373% -83%
Hanesbrands Wimston-Salem NC       82.34      6.14    27.17 1241% -77%
Unifi Greensboro NC       22.13      1.83      7.26 1109% -75%
RF Micro Devices Greensboro NC         8.74      0.76      5.71 1050% -87%
Belk Inc Charlotte NC       52.10      5.30    31.50 883% -83%
Old Dominion Freight Line Thomasville NC       61.21      8.50    10.27 620% -17%
BioCryst Pharmaceuticals Durham NC         8.55      1.19      6.18 618% -81%
NewBridge Bancorp Greensboro NC         7.50      1.05    10.79 614% -90%
Culp High Point NC       17.30      2.79      6.96 520% -60%
Ingersoll-Rand Davidson NC       58.51      9.45    37.09 519% -75%
Tree.Com Charlotte NC       23.57      3.97      7.32 494% -46%
VF Corp Greensboro NC       63.08    11.91    17.17 430% -31%
EnPro Industries Charlotte  NC        70.91    14.63    30.65 385% -52%
Bank of America Charlotte NC       14.84      3.14    41.26 373% -92%
Carlisle Cos Charlotte NC       83.99    18.11    37.03 364% -51%
Triangle Capital Raleigh NC       25.01      5.60    12.40 347% -55%
Chelsea Therapeutics Charlotte NC         6.60      1.50      7.35 340% -80%
Red Hat Raleigh NC       49.39    13.43    20.84 268% -36%
Reynolds American Winston-Salem NC       56.65    16.08    32.98 252% -51%
Lowe's Mooresville NC       45.17    13.39    22.62 237% -41%
Investors Title Co Chapel Hill NC       69.39    23.00    38.39 202% -40%
Lorillard Greensboro NC       57.79    19.23    28.43 201% -32%
Cornerstone Therapeutics Cary NC         9.49      3.21    12.70 196% -75%
BioDelivery Sciences Raleigh NC         8.43      2.92      2.93 189% 0%
BNC Bancorp High Point NC       16.60      5.75    16.91 189% -66%
First Citizens Bancshares Raleigh NC      220.91    76.95  145.85 187% -47%
BB&T Corp Winston-Salem NC       37.20    13.73    30.67 171% -55%
Tanger Factory Outlet Centers Greensboro NC       35.60    13.20    18.86 170% -30%
Harris Teeter Supermarkets Matthews NC       49.37    19.51    34.67 153% -44%
SPX Corp Charlotte NC      103.85    41.50  102.85 150% -60%
Highwoods Properties Raleigh NC       40.92    16.72    29.38 145% -43%
Cree Durham NC       45.61    18.83    27.47 142% -31%
First Bancorp Troy NC       17.37      7.39    18.89 135% -61%
Ingles Markets Black Mountain NC       27.16    11.62    25.39 134% -54%
The Cato Corp Charlotte NC       30.69    13.46    15.66 128% -14%
PowerSecure Intl Wake Forest NC         7.30      3.46    13.50 111% -74%
Coca-Cola Bottling Charlotte NC       75.61    38.29    58.88 97% -35%
VantageSouth Bancshares Raleigh NC         5.81      3.00      9.50 94% -68%
Family Dollar Stores Matthews NC       56.69    30.36    19.23 87% 58%
Laboratory Corp America Burlington NC       99.58    54.99    75.53 81% -27%
Yadkin Financial Elkin NC       18.56    10.47    45.81 77% -77%
POZEN Chapel Hill NC         8.59      4.99    12.00 72% -58%
Martin Marietta Materials Raleigh NC      118.96    69.96  132.60 70% -47%
Nucor Charlotte NC       52.95    32.34    59.22 64% -45%
Speedway Motorsports Concord NC       17.51    10.74    31.08 63% -65%
Targacept Winston-Salem NC         3.75      2.44      8.26 54% -70%
Snyder's-Lance Charlotte NC       25.99    21.64    20.42 20% 6%
Pike Corp Mount Airy NC         8.74      7.57    16.76 15% -55%
The Pantry Cary NC       13.81    15.01    26.13 -8% -43%
Alliance One Intl Morrisville NC         2.55      3.16      4.07 -19% -22%
CommunityOne Bancorp Asheboro NC         8.82  175.00   1,216.00 -95% -86%








Average % Change all 54




385% -52%