Tuesday, August 12, 2014

North Carolina Company Stock Market Prices Up 432% Since March 6, 2009

Since the North Carolina US Senate race is now so incredibly close, I think it would be helpful to research how North Carolina Headquartered Companies have done on the stock market price front during the time Kay Hagan, a Democrat, has been the US Senator from North Carolina.  Hagan replaced Republican Elizabeth Dole beginning in 2009.

I found 49 Companies Headquartered in North Carolina 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 the time Republican Elizabeth Dole was a North Carolina US Senator.....before the 2008 financial meltdown
  • On March 6, 2009, very early in Democrat Kay Hagan's North Carolina US Senate 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 August 12, 2014
I also included below 3 North Carolina Companies which were sold in 2014 and 1 North Carolina Company which first started trading in 2008.  That makes a total of 53 North Carolina 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 53 North Carolina Companies had their equally-company-weighted average stock market prices decline by a massive 52% from December 31, 2007 during Elizabeth Dole's North Carolina US Senate term, to March 6, 2009, very early in Kay Hagan's North Carolina US Senate 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 five months since March 6, 2009, all during Kay Hagan's North Carolina US Senate term, the equally-company-weighted average stock market prices of these same 53 North Carolina Companies have increased by a spectacular 432% through August 12, 2014.

Thus in the six years and seven months from December 31, 2007 before the 2008 financial meltdown to the most recent date August 12, 2014, the equally-company-weighted average stock market prices of these same 53 North Carolina Companies have increased by a very impressive 108%...... yeah, they have not just recouped what they lost with the 2008 financial meltdown, but also added another 108%.

Below here are the stock market prices of each of these 53 North Carolina Companies on August 12, 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
North Carolina Company HQs
8-12-14 3-6-09 12-31-07 8-12-14 3-6-09 8-12-14



$s $s $s HAGAN

Sonic Automotive Charlotte NC      24.43        0.95      19.36 2472% -95% 26%
Salix Pharmaceuticals Raleigh NC     127.75        6.49        7.88 1868% -18% 1521%
Hanesbrands Winston-Salem NC      97.87        6.14      27.17 1494% -77% 260%
Unifi Greensboro NC      28.32        1.83        7.26 1448% -75% 290%
RF Micro Devices Greensboro NC      11.29        0.76        5.71 1386% -87% 98%
Polypore  Charlotte NC      42.09        2.93      17.50 1337% -83% 141%
Krispy Kreme Doughnuts Winston-Salem NC      16.48        1.15        3.16 1333% -64% 422%
BioCryst Pharmaceuticals Durham NC      13.39        1.19        6.18 1025% -81% 117%
Belk Inc Charlotte NC      52.10        5.30      31.50 883% -83% 65%
Old Dominion Freight Line Thomasville NC      64.64        8.50      10.27 660% -17% 529%
NewBridge Bancorp Greensboro NC        7.58        1.05      10.79 622% -90% -30%
Tree.Com Charlotte NC      26.55        3.97        7.32 569% -46% 263%
Ingersoll-Rand Davidson NC      60.28        9.45      37.09 538% -75% 63%
Culp High Point NC      17.40        2.79        6.96 524% -60% 150%
VF Corp Greensboro NC      62.13      11.91      17.17 422% -31% 262%
Bank of America Charlotte NC      15.21        3.14      41.26 384% -92% -63%
Triangle Capital Raleigh NC      26.89        5.60      12.40 380% -55% 117%
Carlisle Cos Charlotte NC      81.32      18.11      37.03 349% -51% 120%
EnPro Industries Charlotte NC      65.12      14.63      30.65 345% -52% 112%
BioDelivery Sciences Raleigh NC      12.93        2.92        2.93 343% 0% 341%
Red Hat Raleigh NC      59.26      13.43      20.84 341% -36% 184%
Chelsea Therapeutics Charlotte NC        6.60        1.50        7.35 340% -80% -10%
Lowe's Mooresville NC      49.83      13.39      22.62 272% -41% 120%
Reynolds American Winston-Salem NC      57.14      16.08      32.98 255% -51% 73%
PowerSecure Intl Wake Forest NC      11.24        3.46      13.50 225% -74% -17%
Lorillard Greensboro NC      60.35      19.23      28.43 214% -32% 112%
Investors Title Co Chapel Hill NC      70.12      23.00      38.39 205% -40% 83%
BNC Bancorp High Point NC      17.16        5.75      16.91 198% -66% 1%
Cornerstone Therapeutics Cary NC        9.49        3.21      12.70 196% -75% -25%
First Citizens Bancshares Raleigh NC     220.66      76.95     145.85 187% -47% 51%
BB&T Corp Winston-Salem NC      36.10      13.73      30.67 163% -55% 18%
Cree Durham NC      49.20      18.83      27.47 161% -31% 79%
Tanger Factory Outlet Centers Greensboro NC      34.36      13.20      18.86 160% -30% 82%
Harris Teeter Supermarkets Matthews NC      49.37      19.51      34.67 153% -44% 42%
Family Dollar Stores Matthews NC      76.73      30.36      19.23 153% 58% 299%
Highwoods Properties Raleigh NC      42.18      16.72      29.38 152% -43% 44%
The Cato Corp Charlotte NC      32.86      13.46      15.66 144% -14% 110%
SPX Corp Charlotte NC     100.08      41.50     102.85 141% -60% -3%
First Bancorp Troy NC      16.34        7.39      18.89 121% -61% -13%
Ingles Markets Black Mountain NC      25.07      11.62      25.39 116% -54% -1%
VantageSouth Bancshares Raleigh NC        6.04        3.00        9.50 101% -68% -36%
Coca-Cola Bottling Charlotte NC      74.17      38.29      58.88 94% -35% 26%
Laboratory Corp America Burlington NC     102.83      54.99      75.53 87% -27% 36%
Yadkin Financial Elkin NC      19.05      10.47      45.81 82% -77% -58%
Martin Marietta Materials Raleigh NC     125.59      69.96     132.60 80% -47% -5%
Speedway Motorsports Concord NC      18.04      10.74      31.08 68% -65% -42%
POZEN Chapel Hill NC        8.04        4.99      12.00 61% -58% -33%
Nucor Charlotte NC      51.04      32.34      59.22 58% -45% -14%
Pike Corp Mount Airy NC      11.85        7.57      16.76 57% -55% -29%
The Pantry Cary NC      20.51      15.01      26.13 37% -43% -22%
Snyder's-Lance Charlotte NC      26.69      21.64      20.42 23% 6% 31%
Alliance One Intl Morrisville NC        2.18        3.16        4.07 -31% -22% -46%
CommunityOne Bancorp Asheboro NC        9.23     175.00     1,216.00 -95% -86% -99%









Average % Change all 53




432% -52% 108%

In like manner on the employment front, from the US Bureau of Labor Statistics, North Carolina's State unemployment rate more than doubled, going from 5.0% in December 2007 to 10.9% in October 2009, very early in Democratic US North Carolina Senator Kay Hagan's first term.  But in the four years and eight months since then, all during Kay Hagan's first term, the North Carolina State unemployment rate has declined sharply, going from 10.9% in October 2009 to 6.4% in the most recently reported June 2014.

North Carolina Citizens must be very pleased with both the outstanding performance of nearly all of their North Carolina Companies as well as the substantial drop in the North Carolina Unemployment Rate, both during US North Carolina Senator Kay Hagan's first term.