- 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 June 17, 2014.
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 70 Virginia Companies had their average stock market prices decline by a huge 44% 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 five years and three months since March 6, 2009 through June 17, 2014, the equal-company-weighted average stock market prices of these same 70 Virginia Companies have increased by a very impressive 379%.
Three of these 70 Virginia Companies had their stock market prices increase by more than 20 times in the most recent 5 years and three months. Seven of them had their stock market prices advance more than 10 times. And 12 of them had their stock market prices increase more than 7.6 times.
These 70 Virginia Companies had their average stock market prices increase sharply in the most recent month. To illustrate this point, the average stock market prices of these Virginia Companies had increased by a lower 349% in the five years and two months from March 6, 2009 through May 9, 2014, as compared with a much higher 379% increase in the five years and three months from March 6, 2009 through June 17, 2014.
To illustrate the overall operational excellence of these 70 Virginia Companies, only 6 of them had their stock market prices decline in the five years and three months since March 6, 2009 through June 17, 2014.
Virginia citizens should be pleased with the strong performance of so many of their Virginia Companies during the Obama Administration.
In similar fashion on the employment front, 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 May 2014.
In like manner, Virginia's unemployment rate more than doubled, going from 3.3% in December 2007 to 7.2% 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 Virginia State unemployment rate declined sharply, going from 7.2% in October 2009 to 4.9% in the most recently reported April 2014.
I think there is a general feeling that the Obama Administration and the US Government as a whole does more to economically benefit Northern Virginia DC area businesses than it does to benefit the rest of Virginia businesses. But you know what, the numbers don't bear this out. The above 36 Northern Virginia DC area Companies had their average stock market prices increase by 366% in the most recent five years and three months, whereas the above 34 Virginia Companies located outside the DC area had their average stock market prices increase by a much higher 392% over the same time period.
Below here are the stock market prices of DC area of these 70 Virginia Companies on June 17, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
|Arlington Asset Investment Corp||Arlington||VA||27.69||2.60||62.80||965%||-96%|
|Capital One Financial||McLean||VA||80.90||8.31||47.26||874%||-82%|
|Portfolio Recovery Associates||Norfolk||VA||58.55||6.73||13.22||770%||-49%|
|MCG Capital Corp||Arlington||VA||3.52||0.61||11.59||477%||-95%|
|Virginia Commerce Bancorp||Arlington||VA||16.26||2.96||10.66||449%||-72%|
|Corporate Executive Board||Arlington||VA||68.34||12.96||60.10||427%||-78%|
|Northrop Grumman||Falls Church||VA||121.09||31.33||71.34||286%||-56%|
|Advance Auto Parts||Roanoke||VA||125.95||36.43||37.99||246%||-4%|
|General Dynamics||Falls Church||VA||119.10||36.49||88.99||226%||-59%|
|Beacon Roofing Supply||Herndon||VA||34.62||10.84||8.42||219%||29%|
|FBR & Co||Arlington||VA||27.88||9.60||38.32||190%||-75%|
|C&F Financial Corp||West Point||VA||35.65||12.57||30.25||184%||-58%|
|Monarch Financial Holdings||Chesapeake||VA||11.50||4.18||7.92||175%||-47%|
|Southern National Bancorp VA||McLean||VA||10.57||4.41||9.00||140%||-51%|
|Computer Sciences Corp||Falls Church||VA||63.55||32.84||49.47||94%||-34%|
|First Community Bancshares||Bluefield||VA||14.25||8.28||31.89||72%||-74%|
|Owens & Minor||Mechanicsville||VA||34.48||21.31||28.29||62%||-25%|
|American National Bankshares||Danville||VA||21.81||15.50||19.97||41%||-22%|
|Dynex Capital||Glen Allen||VA||8.52||6.90||8.87||23%||-22%|
|Alpha Natural Resources||Bristol||VA||3.57||10.13||35.75||-65%||-72%|
|Hampton Roads Bankshares||Virginia Beach||VA||1.71||158.75||314.00||-99%||-49%|
|Average % Change all 70||379%||-44%|