Evansville, Indiana Businesses Have Flat Out Rocked Under Obama

Since President Obama is visiting the Evansville, Ind area on this Friday October 3, 2014 and pretty consistently gets hammered by so many unaware Evansville area citizens about how he has seriously harmed Evansville Headquartered businesses, I think it would be helpful to research how the 7 Evansville Companies with Market Capitalizations now of at least $100 mil each and with annual audited financial statements filed with the SEC covering all years from 2007 to 2013 have done on the earnings front before, during and after the late 2008 financial meltdown.

Included in these 7 Evansville Companies is Mead Johnson Nutrition, which has its Operational Headquarters located on the West Side of Evansville.

From a review of their SEC filings, the Total Audited Net Income from Continuing Operations of these 7 Evansville Companies was $917 mil in the Most Recent Year 2013, as compared to a Total Audited Net Loss from Continuing Operations of a massive $1,292 mil (yeah, that's a Total Loss of nearly $1.3 bil) in the financial meltdown year of 2008, the last year President George W. Bush was in office.

Thus, there has been a Total Earnings Improvement for these 7 Evansville Companies of $2.2 bil from 2008 to 2013.

In addition, the Total Audited Earnings of these 7 Evansville Companies in 2013 of $917 mil were up a very impressive 84% over the comparable earnings in 2007 of $499 mil, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......these Evansville Companies not only recouped the earnings they lost with the financial meltdown, but they also added another 84% of earnings.   

This off-the-charts spectacular earnings recovery for these 7 Evansville Companies from 2008 to the most recent 2013 occurred when the US Senate was under Democratic control and also when Barack Obama was US President.  The US financial meltdown occurred in late 2008, in George W. Bush's last year as US President.

Below here are the Audited Net Income (Losses) of each of these 7 Evansville Companies for the six years 2013, 2012, 2011, 2009, 2008 and 2007.  In addition, also shown are the same earnings amounts for 3 additional Southwest Indiana Companies, all of which also had nice earnings improvements from 2008 to 2013.

			2013	2012	2011	2009	2008	2007
			Audited	Audited	Audited	Audited	Audited	Audited
		Most	Net	Net	Net	Net	Net	Net
		Recent	Income	Income	Income	Income	Income	Income
		FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
Southwestern Indiana Company	HQs		mil $s	mil $s	mil $s	mil $s	mil $s	mil $s
Evansville
Mead Johnson Nutrition	Evansville	Dec 13	654.9	612.4	519.0	410.6	401.0	429.6
Old National Bancorp	Evansville	Dec 13	100.9	91.7	72.5	13.7	62.5	74.9
Springleaf Holdings	Evansville	Dec 13	93.7	(217.7)	(241.7)	(477.7)	(1,345.7)	112.0
Berry Plastics Group	Evansville	Sep 13	57.0	2.0	(299.0)	148.0	(138.0)	(128.0)
Shoe Carnival	Evansville	Jan 14	26.9	29.3	26.4	15.2	5.3	12.8
Escalade	Evansville	Dec 13	9.8	(4.9)	4.4	1.7	(7.5)	9.3
Accuride	Evansville	Dec 13	(26.3)	(173.4)	(17.5)	(140.1)	(269.4)	(11.9)
Total Evansville			916.9	339.4	64.1	(28.6)	(1,291.8)	498.7
Other Southwestern Indiana
Kimball Intl	Jasper	Jun 14	33.5	19.9	11.6	10.8	17.3	0.1
First Financial Bancorp	Terre Haute	Dec 13	31.5	32.8	37.2	22.7	24.8	25.6
German American Bancorp	Jasper	Dec 13	25.4	24.1	20.2	12.2	12.8	9.4
Total all 10			1,007.3	416.2	133.1	17.1	(1,236.9)	533.8

But it wasn't just the audited earnings of Evansville Headquartered Businesses that have flat out rocked under Obama.  The stock market prices of Evansville Companies have done likewise, which is only logical since earnings drive stock market prices.

Below here are the stock market prices of the 6 Southwestern Indiana Companies which have had their common stock trading from December 2007 to the present day October 1, 2014.  As you can see in the following chart, the 3 Evansville Companies had their equally-company-weighted average stock market prices increase by a massive 1,047% from March 6, 2009, the very low point for the stock market resulting from the disastrous late 2008 financial meltdown, to the most recent date October 1, 2014, driven mainly by the very well run Escalade.

					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
Southwestern Indiana Corp	HQs	10-1-14	3-6-09	12-31-07	10-1-14	3-6-09	9-29-14
		$s	$s	$s
Evansville
Escalade	Evansville	11.88	0.41	9.13	2798%	-96%	30%
Old National Bancorp	Evansville	12.79	9.30	14.96	38%	-38%	-15%
Shoe Carnival	Evansville	17.47	4.31	9.41	305%	-54%	86%
Average % Change all 3					1047%	-62%	34%
Other Southwestern Indiana
German American Bancorp	Jasper	25.73	10.51	12.74	145%	-18%	102%
Kimball Intl	Jasper	14.74	5.81	13.70	154%	-58%	8%
First Financial Bancorp	Terre Haute	30.99	31.68	28.34	-2%	12%	9%
Average % Change all 3					99%	-21%	40%

And on top of that, there have been 9 Indiana IPOs since Barack Obama was elected US President.  Amazingly, all 3 of the Evansville IPOs were in the Top 4 for highest percentage stock market price performance from the Initial Offering Price to the most recent date's stock market price, as you can see here below:

								%
								Market
								Price
						10-1-14		Change
						Stock	Initial	From
IPO		City	State			Market	Offering	Offering
Date	Top 4 Indiana Corp IPOs since 2009	HQs		Sector	Industry	Price	Price	Price
						$	$
2/10/09	Mead Johnson Nutrition	Evansville	IN	Consumer Goods	Processed & Packaged Goods	95.50	24.00	298%
12/11/09	KAR Holdings	Carmel	IN	Services	Specialty retail	27.72	12.00	131%
10/16/13	Springleaf Holdings	Evansville	IN	Financial	Credit Services	32.04	17.00	88%
10/4/12	Berry Plastics Group	Evansville	IN	Consumer Goods	Rubber & Plastics	24.94	16.00	56%

Given the above annual earnings history and stock market price history, it only makes sense to me that the earnings in the next two years of Evansville Companies, and also frankly of all US Companies in all industries, have a much better chance of being much higher under a US Senate controlled by the Democrats than by the Republicans.  Profits of US Businesses and a rising US Stock Market have and will continue to result from a Trifecta of President Obama, a Democratic Majority US Senate and Janet Yellen heading the US Fed.....you need all three or else the three-legged stool drops precipitously.  Smart New York money is very aware of this.