Sunday, September 7, 2014

Georgia Company Stock Market Prices Up 484% Since March 6, 2009

There are two key fundraisers being held this coming week for Georgia US Senate Candidate Michelle Nunn, a very familiar last name in Georgia and National Politics.  The first one is being held tomorrow Monday September 8, 2014 in Atlanta and First Lady Michelle Obama will be there.  The second one is being held next Saturday September 13, 2014 also in Atlanta at the home of "Usher" and former President Bill Clinton will be there.

Given these two key Atlanta fundraisers, I think it would be helpful to research just how Georgia 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 financial meltdown.

During this five years and six months period of time from March 6, 2009 through September 5, 2014, the Democrats controlled the US Senate.

I found 68 Companies Headquartered in Georgia 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
  • 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 September 5, 2014
I also included two Georgia Companies which were sold in 2014 and one Georgia Company whose common stock first started trading in early 2008.  That makes a total of 71 Georgia 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 71 Georgia Companies had their equally-company-weighted average stock market prices decline by a massive 55% 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.  Both Georgia US Senators were Republicans and George W. Bush was President when the disastrous 2008 Financial Meltdown occurred.

But in the five years and six months since March 6, 2009 through September 5, 2014, when the Democrats were in control of the US Senate, the equally-company-weighted average stock market prices of these same 71 Georgia Companies have increased by a spectacular 484%.

Thus in the six years and eight months from December 31, 2007 before the 2008 financial meltdown occurred to the most recent date September 5, 2014, the equally-company-weighted average stock market prices of these same 71 Georgia Companies have increased by a very impressive 88%...... yeah, they have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 88%.

This 484% average stock market price growth for the five years and six months from March 6, 2009 to September 5, 2014 is a bit above the comparable 479% average stock market price growth for these same Georgia Companies for the one month shorter five years and five months from March 6, 2009 through August 14, 2014.
 
Below here are the stock market prices of each of these 71 Georgia Companies on September 5, 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
Georgia Company HQs
9-5-14 3-6-09 12-31-07 9-5-14 3-6-09 9-5-14



$s $s $s








DEMOCRAT







US SENATE







CONTROL










Asbury Automotive Group Duluth GA      71.94        2.40      15.05 2898% -84% 378%
Carmike Cinemas Columbus GA      33.70        1.30        7.26 2492% -82% 364%
Gray Television Atlanta GA        9.70        0.38        8.02 2453% -95% 21%
Oxford Industries Atlanta GA      61.43        3.50      25.77 1655% -86% 138%
Graphic Packaging Holding Atlanta GA      12.78        0.85        3.69 1404% -77% 246%
Fidelity Southern Corp Atlanta GA      13.82        0.93        7.58 1389% -88% 82%
Innotrac Atlanta GA        8.19        0.60        3.61 1265% -83% 127%
Beazer Homes USA Atlanta GA      18.70        1.45      37.15 1190% -96% -50%
Neenah Paper Alpharetta GA      55.30        5.26      29.15 951% -82% 90%
MiMedx Group Marietta GA        7.02        0.68        6.35 932% -89% 11%
Popeyes Louisiana Kitchen Atlanta GA      40.14        3.92      11.32 924% -65% 255%
Delta Airlines Atlanta GA      39.22        4.06      14.89 866% -73% 163%
Saia Inc Johns Creek GA      51.04        5.51        8.87 826% -38% 476%
RPC Inc Atlanta GA      21.75        2.41        5.20 803% -54% 318%
Interface Atlanta GA      17.00        1.98      16.32 759% -88% 4%
Mohawk Industries Calhoun GA     148.12      18.24      74.40 712% -75% 99%
Manhattan Associates Atlanta GA      28.55        3.53        6.59 709% -46% 333%
Newell Rubbermaid Atlanta GA      34.20        4.71      25.88 626% -82% 32%
Schweitzer-Mauduit Intl Alpharetta GA      44.57        6.85      12.96 551% -47% 244%
Acuity Brands Atlanta GA     123.08      20.82      45.00 491% -54% 174%
Post Properties Atlanta GA      55.53      10.15      35.12 447% -71% 58%
Ocwen Financial Atlanta GA      28.51        5.38        3.34 429% 61% 754%
Home Depot Atlanta GA      91.61      18.00      26.94 409% -33% 240%
Carter's Atlanta GA      82.25      16.30      19.35 405% -16% 325%
NCR Duluth GA      33.54        6.80      25.10 393% -73% 34%
Arris Group Suwanee GA      30.80        6.37        9.98 384% -36% 209%
Numerex Atlanta GA      11.04        2.34        8.25 371% -72% 34%
Coca-Cola Enterprises Atlanta GA      47.03      10.00      26.03 370% -62% 81%
Mueller Water Products Atlanta  GA         9.18        1.98        9.52 364% -79% -4%
Galectin Therapeutics Norcross GA        5.55        1.20        4.20 363% -71% 32%
AFLAC Columbus GA      61.46      13.44      62.63 357% -79% -2%
Rock-Tenn Norcross GA      51.48      11.88      12.71 334% -7% 305%
Axiall Atlanta GA      41.57        9.75     165.50 326% -94% -75%
Invesco Ltd Atlanta GA      40.97        9.83      31.38 317% -69% 31%
SunTrust Banks Atlanta GA      38.50        9.36      62.49 311% -85% -38%
Cumulus Media Atlanta GA        4.31        1.07        8.04 303% -87% -46%
Heritage Financial Group Albany GA      20.27        5.08      11.25 299% -55% 80%
Equifax Atlanta GA      79.86      20.21      36.36 295% -44% 120%
Genuine Parts Atlanta GA      88.24      25.55      46.30 245% -45% 91%
Thomasville Bancshares Thomasville GA      25.25        7.50      10.63 237% -29% 138%
AGCO Corp Duluth  GA       48.26      15.10      67.98 220% -78% -29%
Rollins Atlanta GA      30.45        9.67      12.80 215% -24% 138%
Agilysys Alpharetta GA      12.45        3.97      15.12 214% -74% -18%
IntercontinentalExchange Group Atlanta GA     186.67      60.39     192.50 209% -69% -3%
Haverty Furniture Atlanta GA      23.71        7.75        8.99 206% -14% 164%
American Software Atlanta GA        8.90        3.17        8.50 181% -63% 5%
Internap Network Services Atlanta GA        6.77        2.42        8.33 180% -71% -19%
Total System Services Columbus GA      31.47      11.82      28.00 166% -58% 12%
Global Payments Atlanta GA      72.49      28.34      46.52 156% -39% 56%
Marine Products Atlanta GA        8.17        3.21        7.01 155% -54% 17%
Ebix Inc Atlanta GA      15.00        5.91        8.13 154% -27% 84%
United Parcel Service Atlanta GA      98.86      39.38      70.72 151% -44% 40%
CryoLife Kennesaw GA      10.17        4.10        7.95 148% -48% 28%
Cousins Properties Inc Atlanta GA      13.19        5.81      20.56 127% -72% -36%
Zep Inc Atlanta GA      15.73        7.02      13.87 124% -49% 13%
Coca-Cola Atlanta GA      41.84      19.55      30.69 114% -36% 36%
PRGX Global Atlanta GA        6.05        2.85        8.57 112% -67% -29%
Aaron's Atlanta GA      25.81      12.78      11.51 102% 11% 124%
Citi Trends Savannah GA      23.40      11.61      15.44 102% -25% 52%
Southeastern Bank Financial Augusta GA      24.00      12.00      31.36 100% -62% -23%
Flower Foods Thomasville GA      19.39        9.78      10.40 98% -6% 86%
Premiere Global Services Atlanta GA      12.76        7.03      14.85 82% -53% -14%
MedAssets Alpharetta GA      22.93      13.28      23.94 73% -45% -4%
United Community Banks Blairsville GA      17.50      12.20      79.00 43% -85% -78%
Crawford & Co Atlanta GA        9.45        7.14        4.15 32% 72% 128%
Synovus Financial Columbus GA      24.24      18.55      73.71 31% -75% -67%
Gentiva Health Services Atlanta GA      17.80      13.80      19.04 29% -28% -7%
Charter Financial West Point GA      10.81        8.82      34.48 23% -74% -69%
Bluelinx Holdings Atlanta GA        1.33        1.36        3.93 -2% -65% -66%
Cbeyond Atlanta GA        9.99      13.04      38.99 -23% -67% -74%
EarthLink Holdings Atlanta GA        4.12        6.13        7.07 -33% -13% -42%









Average % Change all 71




484% -55% 88%




In addition to the above 71 Georgia Companies, there have been 7 Georgia Companies shown below which have filed Initial Public Offerings (IPOs) since 2010 and had their stock market prices increase by 23% or better from their Initial Offering Prices.  Four of the seven have seen their stock market prices more than double, led by FleetCor Technologies being up more than five times.  One of them, Greenway Medical Technologies, was subsequently sold in November 2013.








%








Market








Price






9-5-14
Change






Stock Initial From
IPO
City State

Market Offering Offering
Date Georgia Company IPO HQs
Sector Industry Price Price Price





$ $
12/15/10 FleetCor Technologies  Norcross GA Services Business Services 142.24 23.00 518%
4/1/10 Primaerica  Duluth GA Financial Life Insurance 50.20 15.00 235%
10/28/10 ExamWorks Group  Atlanta GA Services Business Services 33.63 16.00 110%
2/2/12 Greenway Medical Technologies  Carrollton GA Healthcare Information Technology 20.35 10.00 104%
6/27/13 HD Supply Holdings  Atlanta GA Services Industrial Equipment Wholesale 27.62 18.02 53%
2/10/10 Piedmont Office Trust Realty  Johns Creek GA Financial REIT-Office 19.85 14.50 37%
9/13/13 OCI Resources LP    Atlanta GA Basic Materials Industrial Metals & Minerals 23.40 19.00 23%

In like manner on the employment front, from the US Bureau of Labor Statistics, Georgia's State unemployment rate more than doubled, going from 5.1% in December 2007 to 10.4% 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 nine months since then, when Democrats were in control of the US Senate, the Georgia State unemployment rate has declined from 10.4% in October 2009 to 7.8% in the most recently reported July 2014.

Georgia Citizens must be very pleased with both the outstanding performance of nearly all of their Georgia Companies as well as the significant drop in the Georgia Unemployment Rate, both occurring during the most recent roughly five years when the Democrats were in control of the US Senate.