Tuesday, May 13, 2014

South Carolina Company Average Stock Market Prices Up 522% Under Obama and a Quantitative Easing US Fed, After Being Down 57% During Financial Meltdown

I found 11 South Carolina 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.

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

These 11 South Carolina Companies had their average stock market prices decline by a massive 57% 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 11 South Carolina Companies have increased by a spectacular 522% through May 12, 2014, driven by 3D Systems Corp's stock market price advancing by more than 30 times in the most recent roughly 5 years.
 
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 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, South Carolina's unemployment rate more than doubled, going from 5.5% in December 2007 to 11.8% in October 2009, the 4th highest in the US at that time. And then with the US economic stimulating actions of the Obama Administration going full throttle, coupled with the Quantitative Easing by the US Fed, the South Carolina State unemployment rate declined by more than half, going from 11.8% in October 2009 to 5.3% in the most recently reported April 2014.

Below here are the stock market prices of each of these 11 South Carolina 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
South Carolina Company HQs
5-12-14 3-6-09 12-31-07 5-12-14 3-6-09



$s $s $s

3D Systems Corp Rock Hill SC       48.63      1.54      5.15 3051% -70%
World Acceptance Greenville SC       79.30    11.26    26.98 604% -58%
Denny's Corp Spartanburg SC         6.79      1.19      3.75 471% -68%
Delta Apparel Greenville SC       15.01      3.89      7.12 286% -45%
Synalloy Spartanburg SC       15.24      4.24    17.19 259% -75%
Blackbaud Charleston SC       33.45      9.49    28.04 252% -66%
First Financial Holdings Columbia SC       58.32    17.72    31.67 229% -44%
First Citizens Bancorp Columbia SC      720.00  225.00  660.00 220% -66%
ScanSource Greenville SC       38.81    14.63    32.35 165% -55%
Sonoco Products Hartsville SC       42.52    17.62    32.68 141% -46%
AVX Corp Fountain Inn SC       13.46      8.31    13.42 62% -38%








Average % Change all 11




522% -57%