Florida Corps Average Stock Prices Up 212% Since President Obama Took Office

I found 97 Corps filing with the SEC, which were headquartered in the State of Florida, which generated Core, Ongoing Pretax Income or Pretax Loss of at least $10 mil each in any of the first three years of the Obama Administration (2009, 2010 or 2011), and which also had their common stock trading at both the beginning of the Obama Administration and on yesterday, July 24, 2013 or were acquired in the most recent 12 months.

How did the stock prices fare over this four and a half year period?  Well fantastically, with an  average stock price increase of 212%, which you can see in the below chart.  This 212% increase was more than double that of the S&P 500 Stock Index over the same time period.  Yeah, there is something really special that has happened to Florida Corps all over the State during the Obama Administration. 

		Market	Market	Percentage
	Florida	Price	Price	Increase
	HQs	7/24/2013	1/16/2009	(Decrease)
Dow Industrials Index		15,542.24	8,281.22	88%
S&P 500 Index		1,685.94	850.12	98%
S&P Mid-Cap 400 Index		1,229.85	516.75	138%
S&P SmallCap 600 Index		586.80	247.89	137%
Companies Headquartered in Florida
HSN Inc	St Petersburg	$59.51	$5.16	1053%
BFC Financial	Fort Lauderdale	$2.84	$0.25	1036%
PGT Inc	Nokomis	$10.03	$1.01	893%
Stein Mart	Jacksonville	$14.01	$1.51	828%
Ultimate Software Group	Weston	$130.77	$14.11	827%
Health Management Associates	Naples	$15.02	$1.68	794%
Ruth's Hospitality Group	Heathrow	$11.53	$1.29	794%
Web.com Group	Jacksonville	$26.69	$3.19	737%
Metropolitan Health Networks (1)	Boca Raton	$11.25	$1.44	681%
B/E Aerospace	Wellington	$70.26	$9.07	675%
HCI Group	Tampa	$34.60	$4.60	652%
Elizabeth Arden	Miramar	$44.03	$7.06	524%
AutoNation	Fort Lauderdale	$46.04	$8.42	447%
Wellcare Health Plans	Tampa	$62.76	$11.63	440%
Opko Health	Miami	$7.57	$1.43	429%
Hertz	Fort Myers	$26.76	$5.27	408%
Nicholas Financial	Clearwater	$15.01	$3.02	397%
Walter Investment Management (2)	Tampa	$37.99	$8.00	375%
Perry Ellis International	Miami	$20.63	$4.40	369%
Authentec (3)	Melbourne	$8.00	$1.75	357%
Lennar	Miami	$33.92	$7.85	332%
Chicos Fas	Ft Myers	$16.82	$3.91	330%
SBA Communications	Boca Raton	$78.12	$18.45	323%
MarineMax	Clearwater	$10.30	$2.44	322%
Bluegreen (4)	Boca Raton	$10.00	$2.40	317%
Quality Distribution	Tampa	$10.64	$2.58	313%
Tupperware Brands	Orlando	$82.50	$21.40	286%
Jabil Circuit	St Petersburg	$22.41	$5.92	279%
Interval Leisure Group	Miami	$21.69	$5.83	272%
Royal Caribbean	Miami	$36.37	$9.85	269%
Dycom Industries	Palm Beach Gardens	$26.45	$7.43	256%
Beasley Broadcast Group	Naples	$9.35	$2.91	221%
Roper Industries	Sarasota	$131.76	$42.08	213%
HeartWare International (5)	Miami Lakes	$93.33	$30.00	211%
Sun Hydraulics	Sarasota	$32.18	$10.87	196%
Heico	Hollywood	$56.47	$19.10	196%
Mednax	Sunrise	$95.32	$32.49	193%
Citrix Systems	Fort Lauderdale	$67.49	$23.23	191%
MasTec	Coral Gables	$33.64	$11.69	188%
Rayonier	Jacksonville	$57.71	$20.16	186%
Universal Insurance Holdings	Ft Lauderdale	$7.99	$2.86	179%
FARO Technologies	Lake Mary	$37.99	$13.66	178%
Ladenburg Thalman Financial Services	Miami	$1.97	$0.72	174%
Raymond James Financial	St Petersburg	$43.81	$16.20	170%
Fidelity National Information Services	Jacksonville	$44.32	$16.44	170%
Tech Data	Clearwater	$50.94	$19.41	162%
Watsco	Coconut Grove	$93.13	$35.81	160%
CSX	Jacksonville	$24.94	$9.94	151%
United Insurance Holdings	Saint Petersburg	$7.51	$3.00	150%
World Fuel Services	Miami	$40.01	$16.74	139%
Steiner Leisure	Coral Gables	$57.25	$24.75	131%
National Retail Properties	Orlando	$35.87	$15.71	128%
Kforce	Tampa	$15.41	$6.81	126%
Spanish Broadcasting System (8)	Miami	$3.39	$1.50	126%
Geo Group	Boca Raton	$35.53	$17.40	104%
National Beverage	Ft Lauderdale	$17.93	$9.15	96%
Hackett Group	Miami	$5.58	$2.93	90%
Darden Restaurants	Orlando	$48.38	$25.97	86%
Ryder System	Miami	$61.66	$34.75	77%
Carnival	Miami	$36.92	$21.11	75%
MAKO Surgical	Fort Lauderdale	$12.26	$7.15	71%
SEACOR Holdings	Ft Lauderdale	$86.76	$50.73	71%
Great Florida Bank	Miami Lakes	$2.91	$1.75	66%
PSS World Medical (6)	Jacksonville	$29.00	$17.88	62%
Brown & Brown	Tampa	$33.30	$20.61	62%
RTI Surgical	Alachua	$4.20	$2.60	62%
Office Depot	Boca Raton	$4.31	$2.75	57%
Equity One	North Miami Beach	$23.59	$15.07	57%
Exactech	Gainesville	$21.98	$14.09	56%
Patriot Transportation Holding	Jacksonville	$35.49	$23.41	52%
Landstar System	Jacksonville	$51.60	$34.07	51%
Alico	La Belle	$45.41	$31.61	44%
Vector Group	Miami	$16.42	$11.44	44%
Fidelity National Financial	Jacksonville	$24.49	$17.48	40%
Regency Centers	Jacksonville	$53.36	$38.48	39%
Harris Corp	Melbourne	$52.80	$41.54	27%
International Speedway	Daytona Beach	$35.19	$27.76	27%
Lender Processing Services	Jacksonville	$32.60	$26.87	21%
Fresh Del Monte Produce	Coral Gables	$28.15	$24.96	13%
PetMed Express	Pompano Beach	$17.12	$16.74	2%
Sykes Enterprises	Tampa	$17.69	$17.51	1%
Ecosphere Technologies	Stuart	$0.31	$0.31	0%
Odyssey Marine Exploration	Tampa	$3.33	$3.51	-5%
St. Joe Co.	Watersound	$22.25	$25.00	-11%
MeetMe	West Palm Beach	$1.67	$1.93	-13%
Cross Country Healthcare	Boca Raton	$5.71	$8.37	-32%
Centerstate Banks	Winter Haven	$9.47	$14.36	-34%
AV Homes	Kissimmee	$16.87	$26.16	-36%
Lighting Science Group	Satellite Beach	$0.42	$0.90	-53%
Seacoast Banking Corp of Florida	Stuart	$2.35	$5.13	-54%
eDiets.com (7)	Fort Lauderdale	$0.76	$2.58	-71%
Comprehensive Care	Tampa	$0.11	$0.51	-78%
Florida Gaming Corp	Miami	$0.20	$2.60	-92%
Accentia Biopharmaceuticals	Tampa	$0.01	$0.20	-95%
Jacksonville Bancorp	Jacksonville	$0.52	$11.10	-95%
Avantair	Clearwater	$0.02	$0.87	-98%
OptimumBank Holdings (8)	Plantation	$1.50	$74.56	-98%
Average Increase: all 97 Florida Corps				212%
Dow Industrials Index		15,542.24	8,281.22	88%
S&P 500 Index		1,685.94	850.12	98%
S&P Mid-Cap 400 Index		1,229.85	516.75	138%
S&P SmallCap 600 Index		586.80	247.89	137%

(1) Metropolitan Health Networks was acquired by Humana in Dec 2012 for $11.25

(2) Walter Investment Management was spun off and its stock first started trading in Apr 2009

(3) Authentec was acquired by Apple in Oct 2012 for $8.00

(4) Bluegreen was acquired by BFC Financial in Mar 2013 for $10.00

(5) HeartWare International's stock first started trading in Feb 2009

(6) PSS World Medical was acquired by McKesson in Feb 2013 for $29.00

(7) eDiets.com was acquired by As Seen on TV in Mar 2013 for $0.76

(8) 2009 stock prices restated for reverse stock splits

Jacksonville, Florida Corps Average Stock Prices Up 190% Since President Obama Took Office

I found 12 Corps filing with the SEC, which were headquartered in Jacksonville, Florida, which generated Core, Ongoing Pretax Income or Pretax Loss of at least $10 mil each in any of the first three years of the Obama Administration (2009, 2010 or 2011), and which also had their common stock trading at both the beginning of the Obama Administration and on yesterday, July 22, 2013.

How did the stock prices fare over this four and a half year period?  Well, just great, with an  average stock price increase of 190%, which you can see in the below chart, led by Stein Mart and by Web.Com Group.  This 190% increase was nearly double that of the S&P 500 Stock Index over the same time period.

		Market	Market	Percentage
	Florida	Price	Price	Increase
	HQs	7/22/2013	1/16/2009	(Decrease)
S&P 500 Index		1,695.53	850.12	99%
Dow Industrials Index		15,545.55	8,281.22	88%
Companies HQd in Jacksonville
Stein Mart	Jacksonville	$14.25	$1.51	844%
Web.com Group	Jacksonville	$27.00	$3.19	746%
Rayonier	Jacksonville	$58.40	$20.16	190%
Fidelity National Information Services	Jacksonville	$44.29	$16.44	169%
CSX	Jacksonville	$25.32	$9.94	155%
PSS World Medical	Jacksonville	$29.00	$17.88	62%
Landstar System	Jacksonville	$52.48	$34.07	54%
Patriot Transportation Holding	Jacksonville	$35.83	$23.41	53%
Regency Centers	Jacksonville	$54.27	$38.48	41%
Fidelity National Financial	Jacksonville	$24.64	$17.48	41%
Lender Processing Services	Jacksonville	$32.69	$26.87	22%
Jacksonville Bancorp	Jacksonville	$0.50	$11.10	-95%
Average Increase: all 12 Jacksonville Corps				190%
S&P 500 Index		1,695.53	850.12	99%
Dow Industrials Index		15,545.55	8,281.22	88%

PSS World Medical's above most recent stock price is its purchase price in Feb 2013, when it was acquired by McKesson Corp.

US Big Six Financial Corps 2Q 2013 Earnings Up 40%

Most pundits think that there are six large US Financial Corps.

All six of them generated US generally accepted accounting principles (US GAAP) Net Income From Continuing Operations in the 2Q 2013 of in excess of $1 bil each.

These six generated total after tax earnings in the 2Q 2013 of $23.155 bil, which was an increase of an amazingly high 40% over the 2Q 2012.

And all six of them had up earnings, with a low of up 19% and a high of up 101%.

All I can say is.....how can so many in the US Congress see nothing wrong with these eye-popping big financial industry earnings when so many US citizens are suffering so severely economically?

And why in the world are so many in the US Congress more concerned about Big Financial Industry quarterly earnings than they are about the economic status of US citizens, including students with education loans with very high interest rates and including so many people being harmed severely by the US Congress mandated Sequester?

Below here are the earnings of these US Big Six Financial Corps for the 2Q 2013 and for the comparable 2Q 2012:

	2Q 2013	2Q 2012
	US GAAP	US GAAP
	Net	Net
	Income	Income
	From	From
	Continuing	Continuing
	Operations	Operations	Increase	Increase
	mil $s	mil $s	Amount	%
JP Morgan Chase	6,496	4,960	1,536	31%
Wells Fargo	5,519	4,622	897	19%
Citigroup	4,188	2,979	1,209	41%
Bank of America	4,012	2,463	1,549	63%
Goldman Sachs	1,931	962	969	101%
Morgan Stanley	1,009	562	447	80%
Total all Six	23,155	16,548	6,607	40%

San Francisco Bay Area Corps Average Stock Prices Up 191% Since President Obama Took Office

In my most recent three posts, I found 257 Corporations HQed in California, with Ongoing, Core Pretax Income or Loss of at least $40 mil in any of the first three fiscal years of the Obama Administration or in either 2009, 2010 or 2011, and which also had their common stock trading on both Jan 16, 2009 just before President Obama took office and also in late May 2013 or early June 2013.

I think it would be helpful to stratify these 257 California Corps by location.  137 of them are HQed in the San Francisco Bay and Silicon Valley areas.  The other 120 are HQed in the rest of the huge State of California, with most of them in Southern California.

The 120 of them in the rest of California, mostly in Southern California, had their average common stock prices increase by a very robust 135% in the roughly four and a half years since President Obama took office.  These California residents have to be very pleased with how well their Corporations have performed since President Obama took office.

So, what about the 137 located in the San Francisco Bay and Silicon Valley areas?  After all, this area is very special as indicated by both the very strong work ethic and incredibly high level of creativity here.  And this area is also home to many Corporations which dominate the California earnings landscape including Apple, Chevron, Wells Fargo, Google, Intel, Oracle, Cisco Systems and Hewlett Packard.

Well, believe it or not, these 137 San Francisco Bay and Silicon Valley area California Corps had their average common stock prices increase by an off-the-charts 191% in the roughly four and a half years since President Obama took office.

This massive 191% increase predominately occurred in the first two years of the Obama Administration, when both the US Senate and the US House were under Democratic control.

The combination of President Obama and California Governor Brown creates a very favorable economic environment for all of California, but particularly for the key San Francisco Bay and Silicon Valley areas.

If all of the following were to occur.....Janet Yellen becoming the new US Fed Chairperson in Jan 2014, the US Senate remaining in Democratic Control and with Mitch McConnell defeated in Nov 2014, and with the US House switching to Democratic Control also in Nov 2014.....this 191% average stock price increase for these 137 San Francisco Bay and Silicon Valley area California Corps will increase to above 500% over Obama's entire eight-year Presidential run.  I am pretty certain of it.

What one thing could the US Government do right now to help this along?  Get the IRS Feds out of the Research and Experimentation Tax Credit audit arena.  How?  By substantially simplifying the R&E Tax Credit computation immediately.  How can the R&E Tax Credit create much in the way of US jobs if in order for companies to earn it, they get their R&E Tax Credit audited to death by overaggressive, mostly untrained, and even some dishonest, IRS auditors?