Wednesday, August 13, 2014

Louisiana Company Stock Market Prices Up 360% Since March 6, 2009

Since the Louisiana US Senate race is now so close, I think it would be helpful to research how Louisiana Headquartered Companies have done on the stock market price front since March 6, 2009, which was the very bottom point of the US Stock Market due to the spillover effects resulting from the disastrous 2008 US financial meltdown.  George W. Bush was President when this 2008 US financial meltdown occurred.

During this five years and five months period of time from March 6, 2009 through August 13, 2014, Democrat Mary Landrieu was a Louisiana US Senator and the Democrats controlled the US Senate.

I found 17 Companies Headquartered in Louisiana in Google or Yahoo's superb Finance websites with current Total Stock 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.....before the 2008 financial meltdown
  • On March 6, 2009, 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 August 13, 2014
I also included below one Louisiana Company which was sold in 2014.  That makes a total of 18 Louisiana Companies shown below.

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

These 18 Louisiana Companies had their equally-company-weighted average stock market prices decline by a massive 58% from December 31, 2007 during President Bush's second term to March 6, 2009, 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 five months since March 6, 2009 through August 13, 2014, when the very influential Mary Landrieu was a Louisiana US Senator and also when the Democrats controlled the US Senate, the equally-company-weighted average stock market prices of these same 18 Louisiana Companies have increased by a very impressive 360%.
 
Below here are the stock market prices of each of these 18 Louisiana Companies on August 13, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes: 






Market Market Market






Price Price Price






% % %






Change Change Change



Market Market Market 3-6-09 12-31-07 12-31-07



Price Price Price to to to
Louisiana Company HQs
8-13-14 3-6-09 12-31-07 8-13-14 3-6-09 8-13-14



$s $s $s








LANDRIEU

Stone Energy Corp Lafayette LA      34.13        1.81        46.91 1786% -96% -27%
Globalstar Covington LA        3.77        0.37          8.00 919% -95% -53%
Lamar Advertising Baton Rouge LA      50.87        5.59        48.07 810% -88% 6%
H&E Equipment Services Baton Rouge  LA       38.55        4.95        18.88 679% -74% 104%
Pool Corp Covington LA      55.60       11.59        19.83 380% -42% 180%
Hornbeck Offshore Services Covington LA      42.49       10.73        44.95 296% -76% -5%
Albemarle Baton Rouge LA      61.39       16.17        41.25 280% -61% 49%
Gulf Island Fabrication Houma LA      19.29        5.44        31.71 255% -83% -39%
PetroQuest Energy Inc Lafayette LA        5.69        1.80        14.30 216% -87% -60%
PHI Inc Lafayette LA      38.38       13.03        31.60 195% -59% 21%
Amerisafe Inc DeRidder LA      37.54       13.80        15.51 172% -11% 142%
Teche Holding Co New Iberia LA      71.82       26.70        37.75 169% -29% 90%
Midsouth Bancorp Lafayette LA      17.63        8.25        23.30 114% -65% -24%
IberiaBank Lafayette LA      64.76       38.39        46.75 69% -18% 39%
CenturyLink Monroe LA      40.47       24.09        41.46 68% -42% -2%
Tidewater New Orleans LA      49.47       32.07        54.86 54% -42% -10%
LHC Group Lafayette LA      25.16       17.16        24.98 47% -31% 1%
Amedisys Baton Rouge LA      21.58       26.41        48.52 -18% -46% -56%









Average % Change all 18




360% -58% 20%

In like manner on the employment front, from the US Bureau of Labor Statistics, Louisiana's State unemployment rate nearly doubled, going from 3.7% in December 2007 to 6.9% in October 2009, which was the very lowest point for the US Labor Market due to the lagging spillover effects resulting from the disastrous 2008 Financial Meltdown.  But in the four years and eight months since then, when Democratic Louisiana US Senator Mary Landrieu was in office, the Louisiana State unemployment rate has declined from 6.9% in October 2009 to 5.0% in the most recently reported June 2014.

Louisiana Citizens must be pleased with both the very strong performance of nearly all of their Louisiana Companies as well as the significant drop in the Louisiana Unemployment Rate, both occurring during the most recent roughly five years when Louisiana US Senator Mary Landrieu was serving very effectively in the US Congress for the interests of her Louisiana constituents.