I found 38 Indiana Headquartered Companies in the superb Google Finance website and from SEC filings with current Total 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 before the financial meltdown hit
- On March 6, 2009, 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 February 5, 2015.
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 39 Indiana Companies had their equal-company weighted average stock market prices decline by a massive 57% from December 31, 2007 before the 2008 Financial Meltdown hit to March 6, 2009, 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 eleven months since March 6, 2009, the average stock market prices of these same 39 Indiana Companies have increased by a phenomenally off-the-charts 944% through February 5, 2015, led mainly by Patrick Industries' stock market price up a massive 131 times, Remy Intl up 44 times, CNO Financial up 43 times, and Escalade up 38 times, all in the most recent five years and eleven months.
This 944% Indiana Companies average stock market price increase was the highest of that in all US States.
There has been something nearly miraculous happening with Indiana Companies Stock Market Prices in the most recent five years and eleven months, and among others, President Obama, Ben Bernanke, Janet Yellen, Indiana Governors Mitch Daniels and Mike Pence, Indiana mayors, all Indiana members in the US Congress as well as all members of the Indiana State Legislature have all undoubtedly helped here.
Below here are the stock market prices of each of these 39 Indiana Companies on February 5, 2015, 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 | |||
| Indiana Company | HQs | 2-5-15 | 3-6-09 | 12-31-07 | 2-5-15 | 3-6-09 | 2-5-15 | |
| $s | $s | $s | ||||||
| Patrick Industries | Elkhart | IN | 45.03 | 0.34 | 9.96 | 13067% | -97% | 352% |
| Remy Intl | Pendleton | IN | 22.61 | 0.50 | 31.50 | 4422% | -98% | -28% |
| CNO Financial Group | Carmel | IN | 16.60 | 0.38 | 12.56 | 4268% | -97% | 32% |
| Escalade | Evansville | IN | 15.93 | 0.41 | 9.13 | 3785% | -96% | 74% |
| Wabash National | Lafayette | IN | 13.57 | 0.95 | 7.69 | 1328% | -88% | 76% |
| Supreme Industries | Goshen | IN | 7.79 | 0.73 | 5.06 | 962% | -86% | 54% |
| Simon Property Group | Indianapolis | IN | 203.22 | 26.19 | 86.86 | 676% | -70% | 134% |
| CTS Corp | Elkhart | IN | 16.93 | 2.26 | 9.93 | 649% | -77% | 70% |
| Cummins | Columbus | IN | 138.11 | 19.34 | 63.69 | 614% | -70% | 117% |
| Mutualfirst Financial | Muncie | IN | 24.00 | 4.10 | 13.94 | 485% | -71% | 72% |
| Shoe Carnival | Evansville | IN | 24.52 | 4.31 | 9.41 | 468% | -54% | 161% |
| Thor Industries | Elkhart | IN | 59.02 | 10.47 | 38.01 | 464% | -72% | 55% |
| Finish Line | Indianapolis | IN | 24.30 | 4.51 | 2.42 | 439% | 86% | 904% |
| Interactive Intelligence Group | Indianapolis | IN | 43.33 | 8.33 | 26.35 | 420% | -68% | 64% |
| Celadon Group | Indianapolis | IN | 24.47 | 4.75 | 9.16 | 415% | -48% | 167% |
| Hill-Rom Holdings | Batesville | IN | 46.74 | 9.34 | 29.96 | 400% | -69% | 56% |
| Duke Realty | Indianapolis | IN | 22.15 | 4.48 | 26.08 | 394% | -83% | -15% |
| Horizon Bancorp | Michigan City | IN | 23.20 | 4.98 | 11.40 | 366% | -56% | 104% |
| Anthem | Indianapolis | IN | 137.23 | 31.41 | 87.73 | 337% | -64% | 56% |
| Hurco Companies | Indianapolis | IN | 36.82 | 9.21 | 43.65 | 300% | -79% | -16% |
| Franklin Electric | Fort Wayne | IN | 35.02 | 9.00 | 19.14 | 289% | -53% | 83% |
| Mainsource Financial Group | Greensburg | IN | 19.60 | 5.42 | 15.56 | 262% | -65% | 26% |
| Zimmer Holdings | Warsaw | IN | 117.10 | 32.66 | 66.15 | 259% | -51% | 77% |
| Haynes Intl | Kokomo | IN | 40.19 | 11.35 | 69.50 | 254% | -84% | -42% |
| First Merchants | Muncie | IN | 22.93 | 7.76 | 21.84 | 195% | -64% | 5% |
| German American Bancorp | Jasper | IN | 28.95 | 10.51 | 12.74 | 175% | -18% | 127% |
| Lakeland Financial | Warsaw | IN | 40.11 | 15.02 | 20.90 | 167% | -28% | 92% |
| Calumet Specialty Product Partners LP | Indianapolis | IN | 24.82 | 9.45 | 37.03 | 163% | -74% | -33% |
| Kite Realty Group Trust | Indianapolis | IN | 30.56 | 11.72 | 61.08 | 161% | -81% | -50% |
| Eli Lilly | Indianapolis | IN | 71.41 | 27.98 | 53.39 | 155% | -48% | 34% |
| Republic Airways | Indianapolis | IN | 13.61 | 5.45 | 19.59 | 150% | -72% | -31% |
| Steel Dynamics | Fort Wayne | IN | 19.04 | 7.89 | 29.79 | 141% | -74% | -36% |
| Symmetry Medical | Warsaw | IN | 9.27 | 4.41 | 17.43 | 110% | -75% | -47% |
| 1st Source | South Bend | IN | 31.36 | 15.16 | 17.31 | 107% | -12% | 81% |
| Old National Bancorp | Evansville | IN | 13.74 | 9.30 | 14.96 | 48% | -38% | -8% |
| Baldwin & Lyons | Indianapolis | IN | 23.43 | 19.03 | 27.46 | 23% | -31% | -15% |
| First Financial Bancorp | Terre Haute | IN | 34.40 | 31.68 | 28.34 | 9% | 12% | 21% |
| hhgregg | Indianapolis | IN | 6.25 | 10.33 | 13.76 | -39% | -25% | -55% |
| ITT Educational Services | Carmel | IN | 7.84 | 101.37 | 85.27 | -92% | 19% | -91% |
| Average % Change all 39 Indiana Companies | 944% | -57% | 67% | |||||
When I stratify the above 39 Indiana Companies by City Metro Area, the South Bend Area rules in Indiana with a Company average stock market price increase from March 6, 2009 to February 5, 2015 of a staggering 3,050%, followed in second by Evansville's 1,434%.
In many other US States, by far the largest city in a State usually rules in having by far the highest Company average stock market price increase such as is clearly the case of Detroit in Michigan, Chicago in Illinois, Atlanta in Georgia and Dallas in Texas. But this is not the case in Indiana where the 15 Companies in the Indianapolis Metro Area had an average stock market price increase from March 6, 2009 to February 5, 2015 of a very impressive 518%, but which is substantially lower than the State average of 944%.
Below here are the above 39 Indiana Companies broken down by City Metro Area:
| 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 | |||
| Indiana Company | HQs | 2-5-15 | 3-6-09 | 12-31-07 | 2-5-15 | 3-6-09 | 2-5-15 | |
| $s | $s | $s | ||||||
| South Bend Area (5) | ||||||||
| Patrick Industries | Elkhart | IN | 45.03 | 0.34 | 9.96 | 13067% | -97% | 352% |
| Supreme Industries | Goshen | IN | 7.79 | 0.73 | 5.06 | 962% | -86% | 54% |
| CTS Corp | Elkhart | IN | 16.93 | 2.26 | 9.93 | 649% | -77% | 70% |
| Thor Industries | Elkhart | IN | 59.02 | 10.47 | 38.01 | 464% | -72% | 55% |
| 1st Source | South Bend | IN | 31.36 | 15.16 | 17.31 | 107% | -12% | 81% |
| …Average % Change | 3050% | |||||||
| Evansville (3) | ||||||||
| Escalade | Evansville | IN | 15.93 | 0.41 | 9.13 | 3785% | -96% | 74% |
| Shoe Carnival | Evansville | IN | 24.52 | 4.31 | 9.41 | 468% | -54% | 161% |
| Old National Bancorp | Evansville | IN | 13.74 | 9.30 | 14.96 | 48% | -38% | -8% |
| …Average % Change | 1434% | |||||||
| Indianapolis Area (15) | ||||||||
| CNO Financial Group | Carmel | IN | 16.60 | 0.38 | 12.56 | 4268% | -97% | 32% |
| Simon Property Group | Indianapolis | IN | 203.22 | 26.19 | 86.86 | 676% | -70% | 134% |
| Finish Line | Indianapolis | IN | 24.30 | 4.51 | 2.42 | 439% | 86% | 904% |
| Interactive Intelligence Group | Indianapolis | IN | 43.33 | 8.33 | 26.35 | 420% | -68% | 64% |
| Celadon Group | Indianapolis | IN | 24.47 | 4.75 | 9.16 | 415% | -48% | 167% |
| Duke Realty | Indianapolis | IN | 22.15 | 4.48 | 26.08 | 394% | -83% | -15% |
| Anthem | Indianapolis | IN | 137.23 | 31.41 | 87.73 | 337% | -64% | 56% |
| Hurco Companies | Indianapolis | IN | 36.82 | 9.21 | 43.65 | 300% | -79% | -16% |
| Calumet Specialty Product Partners LP | Indianapolis | IN | 24.82 | 9.45 | 37.03 | 163% | -74% | -33% |
| Kite Realty Group Trust | Indianapolis | IN | 30.56 | 11.72 | 61.08 | 161% | -81% | -50% |
| Eli Lilly | Indianapolis | IN | 71.41 | 27.98 | 53.39 | 155% | -48% | 34% |
| Republic Airways | Indianapolis | IN | 13.61 | 5.45 | 19.59 | 150% | -72% | -31% |
| Baldwin & Lyons | Indianapolis | IN | 23.43 | 19.03 | 27.46 | 23% | -31% | -15% |
| hhgregg | Indianapolis | IN | 6.25 | 10.33 | 13.76 | -39% | -25% | -55% |
| ITT Educational Services | Carmel | IN | 7.84 | 101.37 | 85.27 | -92% | 19% | -91% |
| …Average % Change | 518% | |||||||
| Muncie (2) | ||||||||
| Mutualfirst Financial | Muncie | IN | 24.00 | 4.10 | 13.94 | 485% | -71% | 72% |
| First Merchants | Muncie | IN | 22.93 | 7.76 | 21.84 | 195% | -64% | 5% |
| …Average % Change | 340% | |||||||
| Fort Wayne (2) | ||||||||
| Franklin Electric | Fort Wayne | IN | 35.02 | 9.00 | 19.14 | 289% | -53% | 83% |
| Steel Dynamics | Fort Wayne | IN | 19.04 | 7.89 | 29.79 | 141% | -74% | -36% |
| …Average % Change | 215% | |||||||
| Warsaw (3) | ||||||||
| Zimmer Holdings | Warsaw | IN | 117.10 | 32.66 | 66.15 | 259% | -51% | 77% |
| Lakeland Financial | Warsaw | IN | 40.11 | 15.02 | 20.90 | 167% | -28% | 92% |
| Symmetry Medical | Warsaw | IN | 9.27 | 4.41 | 17.43 | 110% | -75% | -47% |
| …Average % Change | 179% | |||||||
| Rest of Indiana (9) | ||||||||
| Remy Intl | Pendleton | IN | 22.61 | 0.50 | 31.50 | 4422% | -98% | -28% |
| Wabash National | Lafayette | IN | 13.57 | 0.95 | 7.69 | 1328% | -88% | 76% |
| Cummins | Columbus | IN | 138.11 | 19.34 | 63.69 | 614% | -70% | 117% |
| Hill-Rom Holdings | Batesville | IN | 46.74 | 9.34 | 29.96 | 400% | -69% | 56% |
| Horizon Bancorp | Michigan City | IN | 23.20 | 4.98 | 11.40 | 366% | -56% | 104% |
| Mainsource Financial Group | Greensburg | IN | 19.60 | 5.42 | 15.56 | 262% | -65% | 26% |
| Haynes Intl | Kokomo | IN | 40.19 | 11.35 | 69.50 | 254% | -84% | -42% |
| German American Bancorp | Jasper | IN | 28.95 | 10.51 | 12.74 | 175% | -18% | 127% |
| First Financial Bancorp | Terre Haute | IN | 34.40 | 31.68 | 28.34 | 9% | 12% | 21% |
| …Average % Change | 870% |
In addition to the above 39 Indiana Companies, there have been 9 additional Indiana Companies filing Initial Public Offerings since the beginning of 2009. All 9 have current stock market capitalization above $200 mil.
These 9 Indiana IPOs since 2009 have experienced an average stock market increase over the short period of time their common stocks have traded from their Initial Offering Price to February 5, 2015 of an impressive 89%.
The 3 Evansville, Ind Area Company IPOs since the beginning of 2009 have all had their stock market prices double, with an average price increase of an exceptional 180%. The Total Stock Market Capitalization of these 3 Evansville IPOs is now an extremely robust $28.230 bil.
The 4 Indianapolis IPOs since 2009 have had an average stock market price growth of very solid 62%. The Total Stock Market Capitalization of these 4 Indianapolis Area IPOs is now a very robust $13.509 bil.
Below here is key information related to these 9 Indiana IPO:
| % | |||||||||
| Market | |||||||||
| Price | |||||||||
| 2-5-15 | Change | ||||||||
| Stock | Initial | From | |||||||
| IPO | City | State | Market | Offering | Offering | Market | |||
| Date | Indiana Corp IPOs since 2009 | HQs | Sector | Industry | Price | Price | Price | Cap | |
| $mils | |||||||||
| Evansville | |||||||||
| 2/10/09 | Mead Johnson Nutrition | Evansville | IN | Consumer Goods | Processed & Packaged Goods | $100.11 | $24.00 | 317% | 20,220 |
| 10/4/12 | Berry Plastics Group | Evansville | IN | Consumer Goods | Rubber & Plastics | $34.88 | $16.00 | 118% | 4,030 |
| 10/16/13 | Springleaf Holdings | Evansville | IN | Financial | Credit Services | $34.68 | $17.00 | 104% | 3,980 |
| Average % Change all 3 Evansville | 180% | 28,230 | |||||||
| Indianapolis Area | |||||||||
| 12/11/09 | KAR Holdings | Carmel | IN | Services | Specialty retail | $34.81 | $12.00 | 190% | 4,930 |
| 3/22/12 | ExactTarget | Indianapolis | IN | Technology | Application Software | $33.75 | $19.00 | 78% | 2,500 |
| 3/15/12 | Allison Transmission Holdings | Indianapolis | IN | Consumer Goods | Auto Parts | $32.41 | $23.00 | 41% | 5,790 |
| 11/17/11 | Angie’s List | Indianapolis | IN | Technology | Internet Software & Services | $5.05 | $13.00 | -61% | 289 |
| Average % Change all 4 Indianapolis | 62% | 13,509 | |||||||
| Fort Wayne | |||||||||
| 10/21/10 | Vera Bradley | Fort Wayne | IN | Consumer Goods | Textile-Apparel Accessories | $19.72 | $16.00 | 23% | 797 |
| West Lafayette | |||||||||
| 2/4/11 | Endocyte | West Lafayette | IN | Healthcare | Biotechnology | $5.25 | $6.00 | -13% | 228 |
| Average Market Price % Change all 9 IPOs in Indiana | 89% | ||||||||
On the Indiana Company Audited Earnings front, here is some very recent research on that which shows that Indiana Companies have increased their Total Audited Earnings by an incredible 2,486% from 2008 to 2013.
Indiana Companies Audited Earnings in 2013 Up 2,486% From 2008
On the unemployment front, from the US Bureau of Labor Statistics, the Indiana unemployment rate has dropped precipitously going from 10.8% in June 2009 to 5.8% in the most recently reported December 2014. The Indianapolis-Carmel Metro Area has a December 2014 unemployment rate of an even lower 5.3%.
On the Indiana Housing front, CoreLogic reported that the percentage of Indiana homes which have negative equity has declined from 11.0% of them in June 2010 to 4.7% of them in the most recently reported September 2014.
