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.
|Southwestern Indiana Company||HQs||mil $s||mil $s||mil $s||mil $s||mil $s||mil $s|
|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|
|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.
|Southwestern Indiana Corp||HQs||10-1-14||3-6-09||12-31-07||10-1-14||3-6-09||9-29-14|
|Old National Bancorp||Evansville||12.79||9.30||14.96||38%||-38%||-15%|
|Average % Change all 3||1047%||-62%||34%|
|Other Southwestern Indiana|
|German American Bancorp||Jasper||25.73||10.51||12.74||145%||-18%||102%|
|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:
|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.