- 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 12, 2014.
And I also included a company which was sold in 2014. That makes it 9 Rhode Island Companies.
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 9 Rhode Island Companies had their average stock market prices decline by a massive 60% 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 9 Rhode Island Companies have increased by a phenomenal 678% through May 12, 2014, led by LIN Media's stock market price increasing by 28 times in the most recent roughly 5 years. And all 9 Rhode Island Companies had their stock market prices more than double.
In similar fashion, 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 spillover effects resulting from the disastrous 2008 Financial Meltdown.
And then with the US economic stimulating actions of the Obama Administration, supported by a Democratically controlled US Senate, 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, Rhode Island's unemployment rate nearly doubled, going from 6.0% in December 2007 to 11.7% in October 2009. And then with the US economic stimulating actions of the Obama Administration, supported by a Democratically controlled US Senate, going full throttle, coupled with the Quantitative Easing by the US Fed, the Rhode Island State unemployment rate declined markedly, going from 11.7% in October 2009 to 8.3% in the most recently reported April 2014.
Below here are the stock market prices of each of these 9 Rhode Island Companies on May 12, 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 | |||
Rhode Island Company | HQs | 5-12-14 | 3-6-09 | 12-31-07 | 5-12-14 | 3-6-09 | |
$s | $s | $s | |||||
LIN Media | Providence | RI | 24.95 | 0.86 | 12.17 | 2801% | -93% |
Costa | Lincoln | RI | 21.49 | 1.75 | 9.98 | 1128% | -82% |
Textron | Providence | RI | 39.86 | 3.75 | 71.30 | 963% | -95% |
United Natural Foods | Providence | RI | 67.29 | 14.48 | 31.72 | 365% | -54% |
CVS Caremark | Woonsocket | RI | 76.82 | 24.46 | 39.75 | 214% | -38% |
Washington Trust Bancorp | Westerly | RI | 35.86 | 12.13 | 25.23 | 196% | -52% |
KVH Industries | Middletown | RI | 13.62 | 4.90 | 8.06 | 178% | -39% |
Hasbro | Pawtucket | RI | 55.59 | 22.07 | 25.58 | 152% | -14% |
Towerstream | Middletown | RI | 1.53 | 0.73 | 3.07 | 110% | -76% |
Average % Change all 9 | 678% | -60% |