Monday, October 13, 2014

New Hampshire Company Audited Profits For 2013 and 2012 Combined Up 919% Over Two Years 2009 and 2008 Combined and New Hampshire Stock Market Prices Up 393% Since March 6, 2009

Since on this Thursday, October 16, 2014, there is a key Democratic Fundraiser in Manchester, New Hampshire which former US President Bill Clinton will be attending along with New Hampshire US Senator Jeanne Shaheen who is seeking reelection, I think it would be helpful to research how the Companies Headquartered in New Hampshire have done on both the earnings and stock market price fronts during the Obama Administration, which precisely matches the time when Shaheen was a New Hampshire US Senator.

I found 8 New Hampshire State Headquartered Companies with Stock Market Capitalizations now of at least $100 mil each and with annual audited financial statements filed with the SEC covering all years from 2008 to 2013.

The Total Audited Net Income from Continuing Operations of these 8 New Hampshire Companies for the 2 Most Recent Years 2012 and 2013  combined totaled $611.6 mil, up an incredibly off-the-charts 919% as compared with the Total Audited Net Losses from Continuing Operations for the 2 Years 2008 and 2009 combined of  $74.6 mil.

This incredibly off-the-charts earnings resurrection for these 8 New Hampshire Companies from 2008 and 2009 to the most recent 2013 occurred when Jeanne Shaheen was a New Hampshire US Senator, when the US Senate was under Democratic control, when Barack Obama was US President and when the US Federal Reserve was headed by two brilliant Chairpersons.  The US financial meltdown occurred in late 2008 when George W. Bush was US President.

Below here are the Audited Net Income (Losses) of each of these 8 New Hampshire Companies for each of the following five years: 2013, 2012, 2011, 2009 and 2008:
 


2013 2012 2011 2009 2008



Audited Audited Audited Audited Audited


Most Net Net Net Net Net


Recent Income Income Income Income Income

City FYE (Loss) (Loss) (Loss) (Loss) (Loss)
New Hampshire Company HQs
 $ 000s  $ 000s  $ 000s  $ 000s  $ 000s








White Mountains Insurance Hanover Dec 13     268,300     278,500     208,000     579,500   (629,700)
Standex Intl Salem Jun 14        49,749        44,054        45,896        27,960        (1,890)
PC Connection Merrimack Dec 13        35,682        33,071        28,787        (1,222)        10,366
Albany Intl Rochester Dec 13        17,704     (40,843)        21,266     (22,380)     (84,858)
New Hampshire Thrift Bancshares Newport Dec 13          8,414          7,759          7,669          6,598          5,725
iCAD Nashua Dec 13        (7,608)        (9,374)     (37,587)        (1,968)          4,356
Bottomline Technologies Portsmouth Jun 14     (19,104)     (14,395)          1,705          3,954     (12,288)
Sprague Resources LP Portsmouth Dec 13     (27,500)     (12,831)        29,572        19,744        21,472








Total all 8

    325,637     285,941     305,308     612,186   (686,817)








Two Year Total Earnings

   



…..2012 and 2013

    611,578



…..2008 and 2009

    (74,631)



…..% Increase

919%




Also, I found 8 Companies Headquartered in New Hampshire 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
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 8 New Hampshire Companies had their equally-company-weighted average stock market prices decline by a massive 60% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's and Jeanne Shaheen's first terms, 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 8 New Hampshire Companies have increased by a exceptional 393%.  All 8 New Hampshire Companies had their stock market prices more than double in the most recent five years and seven months.

Thus 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 8 New Hampshire Companies have increased by a very impressive 87%...... yeah, these 8 New Hampshire Companies have not just recouped what they lost with the 2008 financial meltdown, but also added another 87%.

Below here are the stock market prices of each of these 8 New Hampshire 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
HQs 10-10-14 3-6-09 12-31-07 10-10-14 3-6-09 10-10-14


$s $s $s


New Hampshire Company






Standex Intl Salem           70.81             8.55           17.45 728% -51% 306%
PC Connection Merrimack           21.58             3.07           11.35 603% -73% 90%
Albany Intl Rochester           32.57             5.15           37.10 532% -86% -12%
Bottomline Technologies Portsmouth           25.86             5.07           14.00 410% -64% 85%
Centrix Bank & Trust Bedford           40.88             9.20           14.25 344% -35% 187%
White Mountains Insurance Hanover         631.15         165.00         514.05 283% -68% 23%
New Hampshire Thrift Bancshares Newport           15.86             6.51           12.40 144% -48% 28%
iCAD Nashua             8.95             4.45           10.10 101% -56% -11%








Average % Change all 8 New Hampshire Companies


393% -60% 87%

On the employment front, from the US Bureau of Labor Statistics, the seasonally adjusted unemployment rate of New Hampshire nearly doubled from 3.4% in December 2007 to 6.7% in October 2009, early in President Obama's and Jeanne's Shaheen's first terms, 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, and with much help from Jeanne Shaheen, and also with the major economic boost due to the Quantitative Easing by the US Fed, the New Hampshire Unemployment Rate declined sharply from 6.7% in October 2009 to 4.4% in the most recently reported August 2014.

New Hampshire Citizens must be very pleased with both the outstanding performance of nearly all of their New Hampshire Companies as well as the substantial drop in the New Hampshire Unemployment Rate during the Obama Administration and during Jeanne Shaheen's first term as a New Hampshire US Senator.