A look at the stock market performances of Acadiana's publicly traded companies over the last 10 years, and how a small investment made in 2003 would have panned out today.
By Patrick Flanagan
Nov. 15, 2013
[Correction: An earlier version of this story incorrectly attributed a quote about investing in specific local stocks to Bo Billeaud. ABiz regrets the error.]
Ten years ago, an investment, let's say of $500, in one of the locally headquartered companies included in our list of the area's local stocks would have had vastly different results.
Petroquest's president and CEO Charles Goodson
A decade ago, a local investor could've bought stock from Petroquest just as easily as he could've bought from Stone Energy. If he'd gone with Stone, he wouldn't have made any money.
With that same $500, however, an investment in Petroquest - which had the greatest percentage increase since 2003 among Acadiana's publicly traded companies - would have doubled an individual's earnings.
Yet, there may be a more lucrative strategy - or at least safer approach - to investing locally, explains Bo Billeaud of Billeaud Capital Management: "The better approach would be to buy a little bit of all of them."
Company
[Adjusted Price 9/30/13] [Adjusted Price 9/30/03] [% Change]
Home Bank
$18.07 - $10.90 - 65.78 percent
IberiaBank
$51.91 - $33.20 - 56.36 percent
LHC Group
$21.04 - $17.10 - 23.04 percent
MidSouth Bank
$15.28 - $14.91 - 2.48 percent
Petroquest Energy
$4.01 - $2.07 - 93.72 percent
PHI
$36.59 - $29.00 - 26.17 percent
Stone Energy
$32.43 - $35.28 - (-8.08 percent)
Teche Holding
$45.68 - $25.06 - 82.28 percent
[Source: Yahoo Finance]
[Earnings generated as of 2013 from a $500 investment made in 2003:]
Home Bank - $828.90
IberiaBank - $781.80
LHC Group - $615.20
MidSouth Bank - $512.40
Petroquest Energy - $968.60
PHI - $630.85
Stone Energy - (-$904.00)
Teche Holding - $911.40