Tuesday, March 17, 2015

New Mexico Companies Stock Market Prices Up 254% Since March 6, 2009

Former US Fed Chair Ben Bernanke will be delivering a key economic presentation at the University of Southern Indiana in Evansville, Indiana on March 23, 2015.  It is open to the public and free of charge.  

Thus, as a backdrop for this upcoming speech and continuing a much deserved tribute to Bernanke's key role in helping the US avoid a Deep, Prolonged Financial Depression, I think it would be helpful to update just what has been going on with Stock Market Prices for Companies in each US State since March 6, 2009, the lowest point for the overall US Stock Market resulting from the aftershocks of the horrific late 2008 US Financial Meltdown, through the most recent date March 13, 2015......a roughly six year period of time.

Below here are the 2 New Mexico Companies, including Diversified Utility Company PNM Resources, with Stock Market Caps now above $100 mil and which have had their common stocks trading from December 31, 2007, or early in 2008 for companies first going public then, through the most recent date March 16, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014.

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
New Mexico Company HQs
3-16-15 3-6-09 12-31-07 3-16-15 3-6-09 3-16-15


PNM Resources Albuquerque NM      28.18        6.20      21.45 355% -71% 31%
EMCORE Albuquerque NM        5.48        2.16      61.20 154% -96% -91%

Average % Change all 2

254% -84% -30%