Thursday, September 11, 2014

Maryland Company Stock Market Prices Up 523% Since March 6, 2009

Since on this Friday, September 12, 2014, there is a key Democratic Senatorial Campaign Committee fundraiser being held in Baltimore, MD that President Barack Obama will be attending, I think it would be helpful to research how Maryland Headquartered Companies have done on the stock market price front during the Obama Administration.

I found 42 Companies Headquartered in Maryland 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, 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 September 10, 2014
I also included below three Maryland Companies which were sold in 2014 and one whose common stock first started trading in 2008 .  That makes a total of 46 Maryland 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 46 Maryland Companies had their equally-company-weighted average stock market prices decline by a huge 48% 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 six months since March 6, 2009 through September 10, 2014, the equally-company-weighted average stock market prices of these same 46 Maryland Companies have increased by a phenomenal 523%.
 
Thus in the six years and eight months from December 31, 2007 before the 2008 financial meltdown to the most recent date September 10, 2014, the equally-company-weighted average stock market prices of these same 46 Maryland Companies have increased by a very impressive 78%...... yeah, they have not just recouped what they lost with the 2008 financial meltdown, but also added another 78%.

Below here are the stock market prices of each of these 46 Maryland Companies on September 10, 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
Maryland Company HQs
9-10-14 3-6-09 12-31-07 9-10-14 3-6-09 9-10-14



$s $s $s








OBAMA










American Capital Bethesda MD      15.25        0.44      24.66 3384% -98% -38%
Sinclair Broadcast Group Hunt Valley MD      28.15        1.13        8.21 2391% -86% 243%
WR Grace Columbia MD      96.05        4.18      26.18 2198% -84% 267%
Under Armour Baltimore MD      70.12        3.08      10.92 2175% -72% 542%
CapitalSource Chevy Chase MD      15.50        1.01      17.59 1435% -94% -12%
Colfax Fulton MD      63.31        6.01      21.00 953% -71% 201%
GP Strategies Elkridge MD      27.55        2.74      10.65 905% -74% 159%
LaSalle Hotel Properties Bethesda MD      36.11        3.91      31.90 824% -88% 13%
Novavax Rockville MD        4.84        0.56        3.33 764% -83% 45%
TESSCO Technologies Hunt Valley MD      31.33        4.03      12.05 677% -67% 160%
Radio One Inc Silver Spring MD        3.18        0.41        2.37 676% -83% 34%
Medifast Owing Mills MD      33.00        4.52        4.85 630% -7% 580%
Eagle Bancorp Bethesda MD      33.56        4.91      10.00 584% -51% 236%
Chindex Intl Bethesda MD      23.89        3.64      23.02 556% -84% 4%
Host Hotels & Resorts Bethesda MD      22.26        3.54      17.04 529% -79% 31%
Marriott Intl Bethesda MD      70.79      11.90      32.21 495% -63% 120%
Nuvilex Silver Spring MD        0.22        0.05        0.22 383% -79% 1%
Jos A Bank Clothiers Hampstead MD      64.98      13.51      18.97 381% -29% 243%
MICROS Systems Columbia MD      67.99      15.03      35.08 352% -57% 94%
Diamondrock Hospitality Bethesda MD      13.33        3.00      14.98 344% -80% -11%
Legg Mason Baltimore MD      49.45      11.14      73.15 344% -85% -32%
Neuralstem Rockville MD        3.68        0.86        3.73 328% -77% -1%
United Therapeutics Silver Spring MD     121.88      31.48      48.83 287% -36% 150%
T Rowe Price Group Baltimore MD      80.17      21.07      60.88 280% -65% 32%
Sandy Spring Bancorp Olney MD      24.23        7.16      27.82 238% -74% -13%
Old Line Bancshares Bowie MD      14.87        4.60        8.05 223% -43% 85%
Argan Rockville MD      38.29      12.01      13.35 219% -10% 187%
Ciena Corp Hanover MD      19.40        6.11      34.11 218% -82% -43%
Federal Realty Investment Trust Rockville MD     123.54      39.90      82.15 210% -51% 50%
Omega Healthcare Investors Hunt Valley MD      36.44      11.89      16.05 206% -26% 127%
Lockheed Martin Bethesda MD     174.59      58.85     105.26 197% -44% 66%
Saul Centers Bethesda MD      48.65      20.44      53.43 138% -62% -9%
McCormick & Co Sparks MD      68.96      30.32      37.91 127% -20% 82%
Choice Hotels Intl Rockville MD      52.65      23.49      33.20 124% -29% 59%
First Potomac Realty Trust Bethesda MD      12.91        6.46      17.29 100% -63% -25%
Washington REIT Rockville MD      27.50      15.60      31.41 76% -50% -12%
Sucampo Pharmaceuticals Bethesda MD        6.72        4.38      18.34 53% -76% -63%
Rexahn Pharmaceuticals Rockville MD        0.75        0.51        2.25 47% -77% -67%
Vocus Beltsville MD      17.98      13.17      34.53 37% -62% -48%
Corporate Office Properties Trust Columbia MD      28.40      21.72      31.50 31% -31% -10%
Emergent BioSolutions Rockville MD      22.64      19.91        5.06 14% 293% 347%
Synutra Intl Rockville MD        5.85        5.32      30.20 10% -82% -81%
PharmAthene Annapolis MD        2.35        2.21        3.95 6% -44% -41%
Shore Bancshares Easton MD        9.00      11.86      21.95 -24% -46% -59%
Osiris Therapeutics Columbia MD      13.19      18.01      12.02 -27% 50% 10%
TeleCommunication Systems Annapolis MD        3.15        8.04        3.56 -61% 126% -12%









Average % Change all 46




523% -48% 78%

In addition to the above 46 Maryland Companies, there were another 13 Maryland Companies shown below which have filed Initial Public Offerings (IPOs) since 2009 and had their stock market prices increase by 13% or better from their Initial Offering Prices.  US Silica Holdings led the pack here with its stock market price increasing more than 3 times.  Three of the Top 6 here are Real Estate Investment Trusts (REITs).







%








Market








Price






9-10-14
Change






Stock Initial From
IPO
City State

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





$ $








OBAMA







2/1/12 U.S. Silica Holdings  Frederick MD Basic Materials Industrial Metals & Minerals $69.41 $17.00 308%
6/16/10 BroadSoft  Gaithersburg MD Technology Application Software $23.00 $9.00 156%
12/9/09 Pebblebrook Hotel Trust  Bethesda MD Financial REIT-Hotel/Motel $38.22 $20.00 91%
5/1/12 Supernus Pharmaceuticals  Rockville MD Healthcare Generic Drugs $8.75 $5.00 75%
5/11/11 RLJ Lodging Trust  Bethesda MD Financial REIT-Hotel/Motel $29.62 $18.00 65%
1/22/10 Chesapeake Lodging Trust  Annapolis MD Financial REIT-Hotel/Motel $30.10 $20.00 51%
10/10/13 MacroGenics  Rockville MD Health Care Biotechnology $22.08 $16.00 38%
12/15/10 Walker & Dunlop  Bethesda MD Financial Real Estate Development $13.35 $10.00 34%
12/13/13 Fidelity & Guaranty Life Baltimore MD Financial Life Insurance $21.83 $17.00 28%
10/1/10 The KEYW Holding  Hanover MD Technology Application Software $12.80 $10.00 28%
7/18/14 TerraForm Power Beltsville MD Utilities Solar Generation Assets $31.75 $25.00 27%
3/28/14 2U Landover MD Technology Application Software $15.79 $13.00 21%
4/18/13 Hannon Armstrong Sustainable Infrastructure Capital   Annapolis MD Financial REIT-Diversified $14.11 $12.50 13%

On the employment front, from the US Bureau of Labor Statistics, the seasonally adjusted unemployment rate of Maryland more than doubled from 3.3% in December 2007 to 7.8% 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 Maryland unemployment rate declined from 7.8% in October 2009 to 6.1% in the most recently reported July 2014.

Maryland Citizens must be very pleased with both the outstanding performance of nearly all of their Maryland Companies as well as the drop in the Maryland Unemployment Rate during the Obama Administration.