Sunday, October 12, 2014

Maryland Company 2013 Audited Earnings Up 6,249% Over 2008 and Maryland Company Stock Market Prices Up 482% Since March 6, 2009

Since there is a very key Baltimore, Maryland Fundraiser to be held on Thursday, October 16, 2014 with a stellar group of Democrats including Elizabeth Warren, Nancy Pelosi, Martin O'Malley, Chris Van Hollen and Elijah Cummings, I think it makes sense to research what has been going on with Maryland Company earnings and Maryland stock market prices during the Obama Administration.

I found 29 Maryland Headquartered Companies with Market Capitalizations now of at least $1 bil each and with annual audited financial statements filed with the SEC covering all years from 2008 to 2013.

The Total Audited 2013 Net Income from Continuing Operations of these 29 Maryland Companies was $7.7 bil, an increase of a phenomenal 6,249% as compared with a Total Audited Net Loss of $125 mil in the financial meltdown year of 2008, the last year of the George W Bush/Dick Cheney Presidency.

This phenomenally off-the-charts earnings recovery of a massive $7.8 bil for these 29 largest Maryland Companies from 2008 to the most recent 2013 occurred when all Maryland US House members were Democrats, both Maryland US Senators were Democrats, Maryland's Governor was a Democrat, when Democrats controlled the US Senate, when President Obama was in office and when there were very effective US Fed Chairpersons.  

Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 29 Maryland Companies in 2013, 2012, 2011, 2009, 2008 and in 2007:


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)
Maryland Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s








Lockheed Martin Bethesda Dec 13          2,950          2,745          2,667          3,024          3,217          3,033
T Rowe Price Group Baltimore Dec 13          1,048              884              773              434              491              671
Marriott Intl Bethesda Dec 13              626              571              198           (353)              344              696
Host Hotels & Resorts Bethesda Dec 13              210                (8)              (27)           (248)              380              532
Under Armour Baltimore Dec 13              162              129                97                47                38                53
Federal Realty Investment Trust Rockville Dec 13              138              143              130              102              121                99
McCormick & Co Sparks Nov 13              366              386              349              300              256              230
Colfax Fulton Dec 13              209              (42)                  5                22                (1)                65
WR Grace Columbia Dec 13              258                41              219                81              137              113
United Therapeutics Silver Spring Dec 13              175              304              217                19              (49)                12
Legg Mason Baltimore May 14              282           (360)              231              211        (1,965)              264
MICROS Systems Columbia Jun 14              182              172              167              115                98              102
Omega Healthcare Investors Hunt Valley Dec 13              173              121                53                82                78                68
RLJ Lodging Trust Bethesda Dec 13              107                43                (9)           (125)              (28)                12
American Capital Bethesda Dec 13              184          1,136              974           (910)        (3,115)              700
LaSalle Hotel Properties Bethesda Dec 13                90                72                43                  8                38                66
CapitalSource Chevy Chase Dec 13              164              491              (52)           (894)           (260)              129
Choice Hotels Intl Rockville Dec 13              113              121              110                98              100              111
Pebblebrook Hotel Trust Bethesda Dec 13                43                27                15                (0)

Diamondrock Hospitality Bethesda Dec 13                24              (18)                (9)              (11)                53                63
U. S. Silica Holdings Frederick Dec 13                75                79                30                  0                17                (7)
Sinclair Broadcast Group Hunt Valley Dec 13                64              144                77           (138)           (249)                17
Corporate Office Properties Trust Columbia Dec 13                37                  8              (79)                60                57                30
Jos A Bank Clothiers Hampstead Jan 14                63                80                97                71                58                50
Chesapeake Lodging Trust Annapolis Dec 13                45                27                  9


Ciena Corp Hanover Oct 14              (85)           (144)           (196)           (581)                39                83
Novavax Rockville Dec 13              (52)              (29)              (19)              (38)              (36)              (29)
Washington REIT Rockville Dec 13                 -                    8              (14)                26                  8                25
Saul Centers Bethesda Dec 13                35                35                30                43                48                46









Total all 29

         7,686          7,166          6,086          1,445           (125)          7,234









% 2013 Earnings Over 2008 Loss

6249%





Also, I found 45 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 October 10, 2014
Included in these 45 were 5 which were sold in 2014 and 1 whose common stock first started trading in 2008.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 45 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 seven months since March 6, 2009 through October 10, 2014, the equally-company-weighted average stock market prices of these same 45 Maryland Companies have increased by a spectacular 482%, especially impressive since there has been a stock market collapse in the most recent two weeks.

In addition, in the six years and nine months from December 31, 2007 before the 2008 financial meltdown to the most recent date October 10, 2014, the equally-company-weighted average stock market prices of these same 45 Maryland Companies have increased by an impressive 67%...... yeah, these Maryland Companies have not just recouped what they lost with the 2008 financial meltdown, but also added another 67%.
    
Below here are the stock market prices of each of these 456 Maryland Companies on October 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 10-10-14 3-6-09 12-31-07 10-10-14 3-6-09 10-10-14


$s $s $s










American Capital Bethesda           13.82             0.44           24.66 3057% -98% -44%
Sinclair Broadcast Group Hunt Valley           23.94             1.13             8.21 2019% -86% 192%
Under Armour Baltimore           63.72             3.08           10.92 1967% -72% 484%
WR Grace Columbia           84.38             4.18           26.18 1919% -84% 222%
CapitalSource Chevy Chase           15.50             1.01           17.59 1435% -94% -12%
GP Strategies Elkridge           29.18             2.74           10.65 965% -74% 174%
LaSalle Hotel Properties Bethesda           34.12             3.91           31.90 773% -88% 7%
Colfax Fulton           52.26             6.01           21.00 770% -71% 149%
Novavax Rockville             4.40             0.56             3.33 686% -83% 32%
TESSCO Technologies Hunt Valley           30.00             4.03           12.05 644% -67% 149%
Medifast Owing Mills           30.33             4.52             4.85 571% -7% 525%
Chindex Intl Bethesda           23.99             3.64           23.02 559% -84% 4%
Eagle Bancorp Bethesda           31.43             4.91           10.00 540% -51% 214%
Host Hotels & Resorts Bethesda           20.78             3.54           17.04 487% -79% 22%
Radio One Inc Silver Spring             2.24             0.41             2.37 446% -83% -5%
Marriott Intl Bethesda           63.55           11.90           32.21 434% -63% 97%
Jos A Bank Clothiers Hampstead           64.98           13.51           18.97 381% -29% 243%
MICROS Systems Columbia           67.99           15.03           35.08 352% -57% 94%
Legg Mason Baltimore           49.46           11.14           73.15 344% -85% -32%
Diamondrock Hospitality Bethesda           12.82             3.00           14.98 327% -80% -14%
Nuvilex Silver Spring             0.19             0.05             0.22 302% -79% -16%
United Therapeutics Silver Spring         125.98           31.48           48.83 300% -36% 158%
T Rowe Price Group Baltimore           75.35           21.07           60.88 258% -65% 24%
Neuralstem Rockville             2.95             0.86             3.73 243% -77% -21%
Old Line Bancshares Bowie           15.05             4.60             8.05 227% -43% 87%
Sandy Spring Bancorp Olney           22.84             7.16           27.82 219% -74% -18%
Omega Healthcare Investors Hunt Valley           36.11           11.89           16.05 204% -26% 125%
Federal Realty Investment Trust Rockville         120.96           39.90           82.15 203% -51% 47%
Lockheed Martin Bethesda         174.47           58.85         105.26 196% -44% 66%
Argan Rockville           30.77           12.01           13.35 156% -10% 130%
Ciena Corp Hanover           14.51             6.11           34.11 137% -82% -57%
Saul Centers Bethesda           48.42           20.44           53.43 137% -62% -9%
McCormick & Co Sparks           67.62           30.32           37.91 123% -20% 78%
Choice Hotels Intl Rockville           49.72           23.49           33.20 112% -29% 50%
First Potomac Realty Trust Bethesda           11.95             6.46           17.29 85% -63% -31%
Washington REIT Rockville           26.39           15.60           31.41 69% -50% -16%
Sucampo Pharmaceuticals Bethesda             7.13             4.38           18.34 63% -76% -61%
Rexahn Pharmaceuticals Rockville             0.73             0.51             2.25 44% -77% -67%
Vocus Beltsville           17.98           13.17           34.53 37% -62% -48%
Corporate Office Properties Trust Columbia           25.77           21.72           31.50 19% -31% -18%
Emergent BioSolutions Rockville           19.95           19.91             5.06 0% 293% 294%
Synutra Intl Rockville             4.67             5.32           30.20 -12% -82% -85%
Shore Bancshares Easton             9.00           11.86           21.95 -24% -46% -59%
Osiris Therapeutics Columbia           12.05           18.01           12.02 -33% 50% 0%
TeleCommunication Systems Annapolis             2.80             8.04             3.56 -65% 126% -21%








Average % Change all 45 Maryland



482% -48% 67%









Details to come.