Tuesday, May 13, 2014

Rhode Island Company Average Stock Market Prices Up 678% Under Obama, a Democratic US Senate and a Quantitative Easing US Fed, After Being Down 60% During Financial Meltdown

I found 8 Rhode Island 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 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%