TAMPA - In this week's Tampa Bay Business Journal segment, editor Alexis Muellner discusses local companies who were stock winners in 2012, the high tourism expectations in the Bay Area for 2013, and the web stories most interested Business Journal readers in the last year.
Three local companies had a very good year in 2012. The stock of PGT Inc., Walter Investment Management Corp. and Homeowners Choice Inc. tripled in value over the past twelve months.
The reason for the gains? An upturn in the housing market in Florida.
Each of the firms is tied to residential real estate market and a recovering housing market has piqued investor interest in the sector. If the housing market continues to rebound, the stock prices for the three companies could continue to rise.
There are high expectations for tourism in the Bay Area for 2013. Despite the deficit concerns in Washington, businesses that rely on visitors hope a rebounding national economy will bring in the dollars locally.
However, there are still some concerns.
"If you have substantial increases in your taxes, people look for ways to cut. That's typically food and beverage and vacation," said Tony Satterfield, vice president of operations for Alden Suites.
The Tampa Bay Business Journal took a look at what its readers found most interesting on its website in 2012.
The most popular section was the Business Journal's photoblogs. Other popular items were the “25 people to watch in Tampa Bay Business” article and the searchable database for University of South Florida salaries.
For more information on these stories, click on the video player on the left, click youtu.be /mwRZuLMnV_o or pick up this week's Tampa Bay Business Journal available on newsstands.
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