Thursday, August 14, 2014

Georgia Company Stock Market Prices Up 479% Since March 6, 2009

Since the Georgia US Senate race is now so close, I think it would be helpful to research how Georgia Headquartered Companies have done on the stock market price front since March 6, 2009, which was the very bottom point of the US Stock Market due to the spillover effects resulting from the disastrous 2008 financial meltdown.

During this five years and five months period of time from March 6, 2009 through August 14, 2014, the Democrats controlled the US Senate.

I found 67 Companies Headquartered in Georgia 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
  • 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 August 14, 2014
I also included two Georgia Companies which were sold in 2014 and one Georgia Company whose common stock first started trading in early 2008.  That makes a total of 70 Georgia Companies shown below.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 70 Georgia Companies had their equally-company-weighted average stock market prices decline by a massive 55% from December 31, 2007 during President Bush's second term 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.  Both Georgia US Senators were Republicans and George W. Bush was President when the disastrous 2008 Financial Meltdown occurred.

But in the five years and five months since March 6, 2009 through August 14, 2014, when the Democrats were in control of the US Senate, the equally-company-weighted average stock market prices of these same 70 Georgia Companies have increased by a spectacular 479%.

Thus in the six years and seven months from December 31, 2007 before the 2008 financial meltdown occurred to the most recent date August 14, 2014, the equally-company-weighted average stock market prices of these same 70 Georgia Companies have increased by a very impressive 85%...... yeah, they have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 85%.
 
Below here are the stock market prices of each of these 70 Georgia Companies on August 14, 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
Georgia Company HQs
8-14-14 3-6-09 12-31-07 8-14-14 3-6-09 8-14-14



$s $s $s








DEMOCRAT







US SENATE







CONTROL

Asbury Automotive Group Duluth GA      70.41        2.40        15.05 2834% -84% 368%
Gray Television Atlanta GA      10.44        0.38          8.02 2647% -95% 30%
Carmike Cinemas Columbus GA      34.15        1.30          7.26 2527% -82% 370%
Oxford Industries Atlanta GA      61.71        3.50        25.77 1663% -86% 139%
Fidelity Southern Corp Atlanta GA      13.59        0.93          7.58 1364% -88% 79%
Graphic Packaging Holding Atlanta GA      12.18        0.85          3.69 1333% -77% 230%
Innotrac Atlanta GA        8.19        0.60          3.61 1265% -83% 127%
Beazer Homes USA Atlanta GA      17.50        1.45        37.15 1107% -96% -53%
MiMedx Group Marietta GA        7.07        0.68          6.35 940% -89% 11%
Neenah Paper Alpharetta GA      54.55        5.26        29.15 937% -82% 87%
Popeyes Louisiana Kitchen Atlanta GA      39.44        3.92        11.32 906% -65% 248%
Delta Airlines Atlanta GA      38.40        4.06        14.89 846% -73% 158%
RPC Inc Atlanta GA      22.18        2.41          5.20 821% -54% 326%
Interface Atlanta GA      17.32        1.98        16.32 775% -88% 6%
Manhattan Associates Atlanta GA      30.70        3.53          6.59 770% -46% 366%
Saia Inc Johns Creek GA      47.72        5.51          8.87 766% -38% 438%
Mohawk Industries Calhoun GA     139.92       18.24        74.40 667% -75% 88%
Newell Rubbermaid Atlanta GA      33.49        4.71        25.88 611% -82% 29%
Schweitzer-Mauduit Intl Alpharetta GA      43.72        6.85        12.96 539% -47% 237%
Acuity Brands Atlanta GA     117.01       20.82        45.00 462% -54% 160%
Post Properties Atlanta GA      55.05       10.15        35.12 442% -71% 57%
Arris Group Suwanee GA      31.49        6.37          9.98 394% -36% 216%
Ocwen Financial Atlanta GA      26.38        5.38          3.34 390% 61% 691%
Carter's Atlanta GA      79.55       16.30        19.35 388% -16% 311%
Numerex Atlanta GA      11.23        2.34          8.25 379% -72% 36%
NCR Duluth GA      32.14        6.80        25.10 373% -73% 28%
Coca-Cola Enterprises Atlanta GA      47.14       10.00        26.03 371% -62% 81%
Home Depot Atlanta GA      83.86       18.00        26.94 366% -33% 211%
Mueller Water Products Atlanta  GA         8.95        1.98          9.52 352% -79% -6%
AFLAC Columbus GA      60.11       13.44        62.63 347% -79% -4%
Cumulus Media Atlanta GA        4.64        1.07          8.04 334% -87% -42%
Axiall Atlanta GA      39.95        9.75       165.50 310% -94% -76%
Rock-Tenn Norcross GA      95.20       23.75        25.41 301% -7% 275%
Invesco Ltd Atlanta GA      39.26        9.83        31.38 299% -69% 25%
Heritage Financial Group Albany GA      20.25        5.08        11.25 299% -55% 80%
SunTrust Banks Atlanta GA      36.97        9.36        62.49 295% -85% -41%
Equifax Atlanta GA      77.30       20.21        36.36 282% -44% 113%
Genuine Parts Atlanta GA      85.55       25.55        46.30 235% -45% 85%
AGCO Corp Duluth  GA       48.73       15.10        67.98 223% -78% -28%
Agilysys Alpharetta GA      12.45        3.97        15.12 214% -74% -18%
IntercontinentalExchange Group Atlanta GA     189.31       60.39       192.50 213% -69% -2%
Haverty Furniture Atlanta GA      23.68        7.75          8.99 206% -14% 163%
Rollins Atlanta GA      29.24        9.67        12.80 202% -24% 128%
Thomasville Bancshares Thomasville GA      22.50        7.50        10.63 200% -29% 112%
American Software Atlanta GA        9.37        3.17          8.50 196% -63% 10%
Internap Network Services Atlanta GA        6.98        2.42          8.33 188% -71% -16%
Total System Services Columbus GA      31.47       11.82        28.00 166% -58% 12%
CryoLife Kennesaw GA      10.35        4.10          7.95 152% -48% 30%
Global Payments Atlanta GA      71.03       28.34        46.52 151% -39% 53%
Marine Products Atlanta GA        7.98        3.21          7.01 149% -54% 14%
United Parcel Service Atlanta GA      96.07       39.38        70.72 144% -44% 36%
Ebix Inc Atlanta GA      13.73        5.91          8.13 132% -27% 69%
Zep Inc Atlanta GA      16.00        7.02        13.87 128% -49% 15%
PRGX Global Atlanta GA        6.37        2.85          8.57 124% -67% -26%
Cousins Properties Inc Atlanta GA      12.92        5.81        20.56 122% -72% -37%
Coca-Cola Atlanta GA      40.18       19.55        30.69 106% -36% 31%
Aaron's Atlanta GA      25.92       12.78        11.51 103% 11% 125%
Flower Foods Thomasville GA      19.65        9.78        10.40 101% -6% 89%
Southeastern Bank Financial Augusta GA      23.95       12.00        31.36 100% -62% -24%
Premiere Global Services Atlanta GA      13.00        7.03        14.85 85% -53% -12%
Citi Trends Savannah GA      20.08       11.61        15.44 73% -25% 30%
MedAssets Alpharetta GA      21.37       13.28        23.94 61% -45% -11%
Crawford & Co Atlanta GA        9.55        7.14          4.15 34% 72% 130%
Gentiva Health Services Atlanta GA      18.41       13.80        19.04 33% -28% -3%
United Community Banks Blairsville GA      15.89       12.20        79.00 30% -85% -80%
Charter Financial West Point GA      11.09        8.82        34.48 26% -74% -68%
Synovus Financial Columbus GA      23.28       18.55        73.71 25% -75% -68%
Bluelinx Holdings Atlanta GA        1.27        1.36          3.93 -7% -65% -68%
Cbeyond Atlanta GA        9.99       13.04        38.99 -23% -67% -74%
EarthLink Holdings Atlanta GA        4.38        6.13          7.07 -29% -13% -38%









Average % Change all 70




479% -55% 85%

In addition to the above 70 Georgia Companies, the 4 Georgia Companies shown below have filed Initial Public Offerings (IPOs) since 2010 and had their stock market prices more than double from their Initial Offering Prices.  One of them, Greenway Medical Technologies, was subsequently sold in November 2013.








%








Market








Price # of Mos






8-14-14
Change Stock 






Stock
From Traded
IPO
City State

Market Offering Offering Thru
Date Georgia Company IPO HQs HQs Sector Industry Price Price Price 8-8-14





$ $

12/15/10 FleetCor Technologies  Norcross GA Services Business Services 142.39 23.00 519% 44
4/1/10 Primaerica  Duluth GA Financial Life Insurance 47.95 15.00 220% 52
10/28/10 ExamWorks Group  Atlanta GA Services Business Services 33.62 16.00 110% 46
2/2/12 Greenway Medical Technologies  Carrollton GA Healthcare Information Technology 20.35 10.00 104% 21

In like manner on the employment front, from the US Bureau of Labor Statistics, Georgia's State unemployment rate more than doubled, going from 5.1% in December 2007 to 10.4% in October 2009, which was the very lowest point for the US Labor Market due to the lagging spillover effects resulting from the disastrous 2008 Financial Meltdown.  But in the four years and eight months since then, when Democrats were in control of the US Senate, the Georgia State unemployment rate has declined from 10.4% in October 2009 to 7.4% in the most recently reported June 2014.

Georgia Citizens must be very pleased with both the outstanding performance of nearly all of their Georgia Companies as well as the significant drop in the Georgia Unemployment Rate, both occurring during the most recent roughly five years when the Democrats were in control of the US Senate.