During this five years and eight months period of time from March 6, 2009 through October 31, 2014, very effective Moderate Democrat Steve Beshear was Kentucky's Governor and the US Senate was under Democratic control.
I found 18 Kentucky Headquartered Companies in Yahoo's or Google's superb Finance websites or from SEC filings with current Total Stock Market Capitalizations of more than $100 mil each 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
- 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 31, 2014.
These 18 Kentucky Companies had their average equal-company-weighted stock market prices decline by 37% 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 eight months since March 6, 2009 through October 31, 2014, the average stock market prices of these same 18 Kentucky Companies have increased by a very impressive 311%.
All 18 Kentucky Companies had stock market price increases since March 6, 2009.
Also, in the six years and ten months from December 31, 2007 before the 2008 financial meltdown to the most recent date October 24, 2014, the equally-company-weighted average stock market prices of these same 18 Kentucky Companies have increased by an impressive 84%...... yeah, these Kentucky Companies have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 84%.
Below here are the stock market prices of each of these 18 Kentucky Companies on October 31, 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 | |||
| Kentucky Company | HQs | 10-31-14 | 3-6-09 | 12-31-07 | 10-31-14 | 3-6-09 | 10-31-14 | |
| $s | $s | $s | ||||||
| Ashland | Covington | KY | 108.07 | 6.08 | 47.43 | 1677% | -87% | 128% |
| Tempur Sealy | Lexington | KY | 52.64 | 4.46 | 25.97 | 1080% | -83% | 103% |
| Humana | Louisville | KY | 138.85 | 19.54 | 75.31 | 611% | -74% | 84% |
| Churchill Downs | Louisville | KY | 101.98 | 23.63 | 53.97 | 332% | -56% | 89% |
| Papa Johns Intl | Louisville | KY | 46.76 | 10.98 | 11.35 | 326% | -3% | 312% |
| Texas Roadhouse | Louisville | KY | 28.87 | 7.67 | 11.06 | 276% | -31% | 161% |
| Brown-Forman | Louisville | KY | 90.89 | 26.90 | 29.94 | 238% | -10% | 204% |
| Computer Services Inc | Paducah | KY | 41.00 | 13.00 | 16.50 | 215% | -21% | 148% |
| Yum! Brands | Louisville | KY | 71.83 | 24.50 | 38.27 | 193% | -36% | 88% |
| Lexmark | Lexington | KY | 43.16 | 15.65 | 34.86 | 176% | -55% | 24% |
| PharMerica Corp | Louisville | KY | 28.69 | 14.83 | 13.88 | 93% | 7% | 107% |
| Farmers Capital Bank | Frankfort | KY | 22.44 | 12.76 | 27.00 | 76% | -53% | -17% |
| Almost Family | Louisville | KY | 29.44 | 15.84 | 19.43 | 86% | -18% | 52% |
| Stock Yards Bancorp | Louisville | KY | 33.28 | 20.12 | 23.94 | 65% | -16% | 39% |
| Republic Bancorp | Louisville | KY | 24.25 | 14.89 | 16.53 | 63% | -10% | 47% |
| Community Trust Bancorp | Pikeville | KY | 35.95 | 23.97 | 27.53 | 50% | -13% | 31% |
| Kindred Healthcare | Louisville | KY | 21.75 | 15.01 | 22.56 | 45% | -33% | -4% |
| General Cable | Highland Heights | KY | 14.17 | 13.65 | 73.28 | 4% | -81% | -81% |
| Average % Change all 18 Kentucky Companies | 311% | -37% | 84% | |||||
On the health care front, there are 5 Kentucky Non-Profit Hospital Systems with annual Total Revenues above $400 mil, with Total Net Assets above $300 mil and with Audited Financial Statements available on EMMA for all years from 2008 through 2013.
The Big 3 Hospital Organizations are now doing extremely well financially, not so much the smaller other two, especially Ashland Hospital.
The Big 3 generated Total 2013 Audited Earnings of $407 mil, a huge $499 mil Earnings Improvement as compared with their 2008 Total Audited Losses of $92 mil.
The Other 2 generated Total 2013 Audited Losses of $74 mil, with Ashland Hospital comprising $63 of the Total $74 mil of Losses.
The chart below shows the Audited Earnings and Losses of these 5 Kentucky Hospital Organizations for each of the following six years.....2013, 2012, 2011, 2010, 2009 and 2008:
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||
| Audited | Audited | Audited | Audited | Audited | Audited | |||
| Most | Net | Net | Net | Net | Net | Net | ||
| Kentucky Non-Profit | City | Recent | Income | Income | Income | Income | Income | Income |
| Hospital Organization | HQs | FYE | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) |
| mil $s | mil $s | mil $s | mil $s | mil $s | mil $s | |||
| Big 3 | ||||||||
| Baptist Healthcare System | Louisville | Aug 13 | 201 | 96 | 85 | 59 | (14) | 34 |
| Saint Elizabeth Medical Center | Edgewood | Dec 13 | 147 | 132 | 64 | 97 | 99 | (53) |
| Norton Health Care | Louisville | Dec 13 | 59 | 19 | 50 | 64 | 96 | (73) |
| Total all Big 3 | 407 | 247 | 199 | 220 | 181 | (92) | ||
| Owensboro Health | Owensboro | May 14 | (13) | 1 | 22 | 62 | 62 | (22) |
| Ashland Hospital | Asland | Sep 13 | (61) | 30 | 4 | 12 | 32 | 3 |
| Total all 5 | 333 | 278 | 225 | 294 | 275 | (111) |
Likewise, the financial strength of the Big 3 is now superb with gargantuan improvement since 2008. The Big 3 has Total Net Assets (Financial Strength) of $3.422 bil presently, which is more than double that of from 2008 and 2009.
On the other hand, Ashland Hospital has seen its Net Assets decline over the same period, as you can see in the following chart.
| FYE | Balance | Net | ||||||
| Most | Balance | Sheet | Assets | |||||
| Most | Recent | Sheet | Net | % | ||||
| Recent | Balance | Date | Assets | Change | ||||
| Balance | Sheet | Beginning | Beginning | During | ||||
| City | State | Sheet | Net | Obama | Obama | Obama | ||
| Hospital Organization | HQs | HQs | Date | Assets | Admin | Admin | Admin | |
| mil $s | mil $s | |||||||
| Baptist Healthcare System | Louisville | KY | May 14 | 1,653 | Aug 09 | 1,036 | 60% | |
| Norton Health Care | Louisville | KY | Jun 14 | 902 | Dec 08 | 399 | 126% | |
| Saint Elizabeth Medical Center | Edgewood | KY | Jun 14 | 867 | Dec 08 | 265 | 227% | |
| Big 3 | 3,422 | 1,700 | 101% | |||||
| Owensboro Health | Owensboro | KY | May 14 | 344 | May 09 | 211 | 63% | |
| Ashland Hospital | Ashland | KY | Jun 14 | 321 | Sep 08 | 349 | -8% | |
| Total all 5 | 4,087 | 2,260 | 81% |
The Louisville, Kentucky based giant Health Insurance Company Humana has seen its 2008 Audited Earnings in 2008 of $647 mil increase by 90% to $1,231 mil in 2013.
Clearly the ACA and KYNECT have not just greatly helped Kentucky citizens. They also have helped Kentucky Big Hospitals and Kentucky Big Health Insurance.
