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 16, 2015......a roughly six year period of time.
Long-term Audited Earnings From Continuing Operations Under US Generally Accepted Accounting Principles (GAAP) drive Long-Term Changes in Stock Market Prices. These Company Earnings crashed with the late 2008 US Financial Meltdown and thus the linked Stock Market Prices of the related Companies also crashed.
But since the 2008 US Financial Meltdown, these Earnings have been consistently exceptional and thus the Stock Market Prices of the related Companies have also consistently exploded upwardly in the past six years.
This is the dilemma faced by the current US Fed ..... raise US interest rates or continue former US Fed Chair Ben Bernanke's economic policies which have continued to spur Company Earnings and thus also Company Stock Market Prices.
I think the current US Fed should tweak Bernanke's economic policies some to try to more effectively deal with income and wealth inequality, but why in the world would you want to alter them significantly since they have been so incredibly successful?
And the US Congress, and frankly also US Companies, just have to do a much better job addressing income and wealth inequality.
Twelve of the 85 New Jersey Companies had at least Ten-Bag stock market price growth in the past 6 years.
I do find it interesting that New Jersey lost four Company HQs in the past year and all of them are excellent companies..... Ingersall-Rand, Sealed Air, Curtiss-Wright and Hertz. The first three companies moved to the Charlotte, NC area. Perhaps, the State of New Jersey could learn something from the Charlotte, NC area in this regard. Just sayin.
Below here are the 85 New Jersey Headquartered Companies 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 Jersey Company | HQs | 3-16-15 | 3-6-09 | 12-31-07 | 3-16-15 | 3-6-09 | 3-16-15 | |
| $s | $s | $s | ||||||
| Wyndham Worldwide | Parsippany | NJ | 90.57 | 2.92 | 23.56 | 3002% | -88% | 284% |
| IDT Corp | Newark | NJ | 17.32 | 0.59 | 8.45 | 2818% | -93% | 105% |
| Cambrex | East Rutherford | NJ | 36.01 | 1.50 | 8.38 | 2301% | -82% | 330% |
| SL Industries | Mount Laurel | NJ | 39.84 | 2.20 | 20.00 | 1711% | -89% | 99% |
| Rockwood Holdings | Princeton | NJ | 79.20 | 4.65 | 33.22 | 1603% | -86% | 138% |
| Protalex | Summit | NJ | 5.50 | 0.38 | 6.50 | 1367% | -94% | -15% |
| IGI Laboratories | Buena | NJ | 8.24 | 0.57 | 1.41 | 1346% | -60% | 484% |
| WABCO Holdings | Piscataway | NJ | 117.49 | 8.45 | 50.09 | 1290% | -83% | 135% |
| Heartland Payment Systems | Princeton | NJ | 48.50 | 4.03 | 26.80 | 1103% | -85% | 81% |
| Vonage Holdings | Holmdel | NJ | 4.53 | 0.38 | 2.30 | 1092% | -83% | 97% |
| Actavis | Parsippany | NJ | 305.00 | 26.36 | 27.14 | 1057% | -3% | 1024% |
| NPS Pharmaceuticals | Bedminster | NJ | 45.97 | 4.06 | 3.83 | 1032% | 6% | 1100% |
| Cytec Industries | Woodland Park | NJ | 51.67 | 5.50 | 30.79 | 840% | -82% | 68% |
| Cantel Medical | Little Falls | NJ | 45.79 | 5.40 | 6.48 | 749% | -17% | 607% |
| Universal Display | Ewing | NJ | 41.74 | 5.36 | 20.67 | 679% | -74% | 102% |
| Antares Pharma | Ewing | NJ | 2.67 | 0.36 | 0.98 | 642% | -63% | 172% |
| Prudential Financial | Newark | NJ | 83.07 | 11.38 | 93.04 | 630% | -88% | -11% |
| B&G Foods | Parsippany | NJ | 27.97 | 3.99 | 10.21 | 601% | -61% | 174% |
| Marlin Business Services Corp | Mount Laurel | NJ | 20.29 | 2.92 | 12.06 | 595% | -76% | 68% |
| Cognizant Technology Solutions | Teaneck | NJ | 62.03 | 9.15 | 16.97 | 578% | -46% | 266% |
| Innophos Holdings | Cranbury | NJ | 55.24 | 8.24 | 14.88 | 570% | -45% | 271% |
| Rudolph Technologies | Flanders | NJ | 11.92 | 2.03 | 11.32 | 487% | -82% | 5% |
| Celgene | Summit | NJ | 120.84 | 20.58 | 23.11 | 487% | -11% | 423% |
| Hovnanian Enterprises | Red Bank | NJ | 3.35 | 0.58 | 7.17 | 478% | -92% | -53% |
| Asta Funding | Englewood Cliffs | NJ | 8.38 | 1.46 | 26.44 | 474% | -94% | -68% |
| Synchronoss Technologies | Bridgewater | NJ | 47.79 | 9.06 | 35.44 | 427% | -74% | 35% |
| Elite Pharmaceuticals | Northvale | NJ | 0.25 | 0.05 | 2.16 | 392% | -98% | -89% |
| Tyco Intl | Princeton | NJ | 42.32 | 8.84 | 19.48 | 379% | -55% | 117% |
| Movado Group | Paramus | NJ | 23.53 | 5.04 | 25.29 | 367% | -80% | -7% |
| Immunomedics | Morris Plains | NJ | 4.21 | 0.95 | 2.32 | 343% | -59% | 81% |
| CommVault Systems | Oceanport | NJ | 45.95 | 10.51 | 21.18 | 337% | -50% | 117% |
| Honeywell | Morristown | NJ | 102.78 | 23.60 | 61.57 | 336% | -62% | 67% |
| AEP Industries | South Hackensack | NJ | 50.58 | 12.06 | 32.01 | 319% | -62% | 58% |
| Investors Bancorp | Short Hills | NJ | 11.59 | 2.77 | 5.55 | 318% | -50% | 109% |
| Bed Bath & Beyond | Union | NJ | 76.78 | 19.52 | 29.39 | 293% | -34% | 161% |
| Church & Dwight | Ewing | NJ | 85.50 | 23.43 | 27.04 | 265% | -13% | 216% |
| J&J Snack Foods | Pennsauken | NJ | 102.54 | 30.99 | 31.28 | 231% | -1% | 228% |
| Bio-Reference Laboratories | Elmwood Park | NJ | 34.33 | 10.64 | 16.34 | 223% | -35% | 110% |
| ORBCOMM | Rochelle Park | NJ | 5.59 | 1.77 | 6.29 | 216% | -72% | -11% |
| The Medicines Company | Parsippany | NJ | 29.36 | 9.33 | 19.16 | 215% | -51% | 53% |
| The Children's Place | Secaucus | NJ | 62.77 | 20.14 | 25.93 | 212% | -22% | 142% |
| Alexander's | Paramus | NJ | 425.87 | 137.82 | 353.25 | 209% | -61% | 21% |
| Covance | Princeton | NJ | 106.42 | 34.50 | 86.62 | 208% | -60% | 23% |
| Integra LifeSciences | Plainsboro | NJ | 59.86 | 20.29 | 41.93 | 195% | -52% | 43% |
| Everest Re Group Ltd | Liberty Corner | NJ | 177.71 | 61.84 | 100.40 | 187% | -38% | 77% |
| Chubb | Warren | NJ | 101.75 | 35.73 | 54.58 | 185% | -35% | 86% |
| Selective Insurance Group | Branchville | NJ | 29.21 | 10.61 | 22.99 | 175% | -54% | 27% |
| ConnectOne Bancorp | Union | NJ | 18.91 | 7.02 | 11.06 | 169% | -37% | 71% |
| Automatic Data Processing | Roseland | NJ | 87.35 | 33.28 | 44.53 | 162% | -25% | 96% |
| Merck | Whitehouse Station | NJ | 57.12 | 22.74 | 58.11 | 151% | -61% | -2% |
| Insmed | Monmouth Junction | NJ | 21.21 | 8.70 | 8.30 | 144% | 5% | 156% |
| CR Bard | Murray Hill | NJ | 168.70 | 72.38 | 94.80 | 133% | -24% | 78% |
| Northfield Bancorp | Woodbridge | NJ | 14.75 | 6.36 | 7.71 | 132% | -18% | 91% |
| PHH Corp | Mount Laurel | NJ | 23.51 | 10.19 | 17.64 | 131% | -42% | 33% |
| Provident Financial Services | Jersey City | NJ | 18.62 | 8.15 | 14.42 | 128% | -43% | 29% |
| OceanFirst Financial | Toms River | NJ | 17.33 | 7.75 | 15.81 | 124% | -51% | 10% |
| Becton Dickinson | Franklin Lakes | NJ | 142.29 | 64.15 | 83.58 | 122% | -23% | 70% |
| Monmouth Real Estate Investment | Freehold | NJ | 10.94 | 5.09 | 8.10 | 115% | -37% | 35% |
| John Wiley & Sons | Hoboken | NJ | 60.66 | 28.37 | 42.84 | 114% | -34% | 42% |
| Johnson & Johnson | New Brunswick | NJ | 101.06 | 47.97 | 66.70 | 111% | -28% | 52% |
| Bel Fuse | Jersey City | NJ | 19.13 | 9.22 | 29.27 | 107% | -69% | -35% |
| Oritani Financial | Washington Township | NJ | 14.62 | 7.15 | 8.20 | 104% | -13% | 78% |
| Lakeland Bancorp | Oak Ridge | NJ | 11.27 | 5.53 | 10.51 | 104% | -47% | 7% |
| Peapack-Gladstone Financial | Bedminster | NJ | 20.75 | 11.33 | 23.40 | 83% | -52% | -11% |
| UMH Properties | Freehold | NJ | 9.60 | 5.25 | 11.77 | 83% | -55% | -18% |
| Foster Wheeler | Clinton | NJ | 27.52 | 15.15 | 77.51 | 82% | -80% | -64% |
| Dun & Bradstreet | Short Hills | NJ | 128.74 | 71.76 | 88.63 | 79% | -19% | 45% |
| Kearny Financial | Fairfield | NJ | 14.00 | 8.06 | 11.91 | 74% | -32% | 18% |
| Campbell Soup | Camden | NJ | 45.26 | 26.55 | 35.73 | 70% | -26% | 27% |
| Checkpoint Systems | Thorofare | NJ | 10.87 | 6.41 | 25.98 | 70% | -75% | -58% |
| Clifton Savings Bancorp | Clifton | NJ | 13.90 | 8.26 | 9.80 | 68% | -16% | 42% |
| Boulder Brands | Paramus | NJ | 9.36 | 5.57 | 10.93 | 68% | -49% | -14% |
| Quest Diagnostics | Madison | NJ | 73.66 | 44.41 | 52.90 | 66% | -16% | 39% |
| Covanta Holding | Morristown | NJ | 21.24 | 13.42 | 27.66 | 58% | -51% | -23% |
| Suburban Propane Partners LP | Whippany | NJ | 43.64 | 32.06 | 40.50 | 36% | -21% | 8% |
| Hill Intl | Marlton | NJ | 3.42 | 2.57 | 14.17 | 33% | -82% | -76% |
| Amicus Therapeutics | Cranbury | NJ | 9.60 | 7.26 | 10.75 | 32% | -32% | -11% |
| Cape Bancorp | Cape May Court House | NJ | 9.16 | 7.00 | 22.05 | 31% | -68% | -58% |
| Mack-Cali Realty | Edison | NJ | 19.11 | 14.63 | 34.00 | 31% | -57% | -44% |
| Valley National Bancorp | Wayne | NJ | 9.56 | 7.40 | 14.93 | 29% | -50% | -36% |
| BCB Bancorp | Bayonne | NJ | 12.17 | 9.49 | 15.55 | 28% | -39% | -22% |
| Hudson City Bancorp | Paramus | NJ | 10.29 | 8.80 | 15.02 | 17% | -41% | -31% |
| Village Super Market | Springfield | NJ | 29.97 | 25.75 | 25.45 | 16% | 1% | 18% |
| Sun Bancorp | Vineland | NJ | 19.29 | 18.00 | 78.90 | 7% | -77% | -76% |
| North European Oil Royalty Trust | Red Bank | NJ | 12.70 | 22.36 | 34.02 | -43% | -34% | -63% |
| Average % Change all 85 | 431% | -51% | 94% |
