Tuesday, June 9, 2015

New Jersey Smaller Companies 2014 and 2013 Two Year Audited Earnings Up 84 Times Over 2009 and 2008 ..... Driven In Part By President Obama, New Jersey Democratic US Senators Cory Booker and Bob Menendez, New Jersey Democrats in the US House, and the US Fed

From a very thorough review of SEC filings, I found a huge number of 66 Companies headquartered in the State of New Jersey with Stock Market Capitalizations now of more than $1 bil and with 2014 Audited Financial Statements filed with the SEC.

Eleven of these 66 New Jersey Companies have Stock Market Capitalizations now of more than $21 bil.  Of these 11, three of them have Market Caps of more than $100 bil.

There are a huge number of 55 Somewhat Smaller New Jersey Companies with Stock Market Capitalizations now of between $1 bil and $20 bil.

So just how have the 55 Somewhat Smaller New Jersey Companies done on the earnings front before, during and after the 2008 financial meltdown?  Just spectacular off-the-charts earnings improvement.

The Total Audited Net Income from Continuing Operations of these 55 Somewhat Smaller New Jersey Companies for the 2 years 2014 and 2013 Combined was $19.759 bil, an increase of an incredibly off-the-charts 8,454% over the $0.231 bil comparable Total Earnings in the 2 years 2009 and 2008 Combined.

So if the question to answer is how much better off are these Somewhat Smaller New Jersey Companies now than they were during their 2008/2009 financial meltdown fiscal years, the answer is more than 84 times better, or $19.5 bil better, as audited earnings under US generally accepted accounting principles (US GAAP) are measured by the very prestigious US accounting profession.

There has been something upwardly explosive happening with the Audited Earnings of the many New Jersey Somewhat Smaller Companies and among others, President Obama, New Jersey US Senators Cory Booker and Bob Menendez, New Jersey US House Members Bonnie Watson Coleman, Frank Pallone, Donald Norcross, Albo Sires, Bill Pascrell and Donald Payne, and the US Fed have all undoubtedly helped here.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 55 Somewhat Smaller New Jersey Companies for all of their fiscal years reported from 2008 through 2014:
2014 2013 2012 2011 2010 2009 2008


2014 Audited Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net Net


Recent Income Income Income Income Income Income Income


FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
New Jersey Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s
Smaller Companies








Everest Re Group Ltd Liberty Corner Dec       1,258       1,265          829          (81)          611          807          (19)
CIT Group Livingston Dec       1,079          650        (532)             15          521    (4,244)        (632)
Bed Bath & Beyond Union Feb 15          957       1,022       1,038          990          791          600          425
Tyco Intl Princeton Sep          795          440        (413)       1,567       1,132    (1,841)       1,063
Campbell Soup Camden Jul          726          680          724          802          844          732          671
Quest Diagnostics Madison Dec          587          848          666          494          745          748          645
Wyndham Worldwide Parsippany Dec          529          433          399          417          379          293    (1,074)
Vornado Realty LP Paramus Dec          494          118          474          575          700             36          184
Church & Dwight Ewing Dec          414          394          350          310          271          244          195
Verisk Analytics Jersey City Dec          370          342          317          283          243          127          158
Dun & Bradstreet Short Hills Dec          298          262          297          260          251          322          312
CR Bard Murray Hill Dec          295          690          530          328          510          461          419
Pinnacle Foods Parsippany Dec          248             89             53          (47)             22          303          (29)
Avis Budget Group Parsippany Dec          245             16          290          (29)             54          (47)    (1,124)
Covance Princeton Dec          186          179             95          132             68          176          197
John Wiley & Sons Hoboken Apr          161          144          213          172          144          128          148
Hudson City Bancorp Paramus Dec          158          185          249        (736)          537          527          446
Realogy Holdings Madison Dec          147          443        (540)        (439)          (97)        (260)    (1,764)
Cytec Industries Woodland Park Dec          144          172             94             86             67             (3)             89
Selective Insurance Group Branchville Dec          142          107             38             23             71             44             44
Investors Bancorp Short Hills Dec          132          112             89             79             62             35          (65)
Valley National Bancorp Wayne Dec          116          132          144          133          130          115             92
Suburban Propane Partners LP Whippany Sep             95             79               1          115          115          165          111
PDF Energy Parsippany Dec             78          214          804          243          (44)             (6)             (6)
Provident Financial Services Jersey City Dec             74             71             67             57             50        (122)             42
J&J Snack Foods Pennsauken Sep             72             64             54             55             48             41             28
Alexander's Paramus Dec             67             55             50             55             49          119             64
Burlington Stores Burlington Jan 15             66             16             25             (6)             30        (192)          (49)
Innophos Holdings Cranbury Dec             64             50             74             87             45             63          207
Vitamin Shoppe North Bergen Dec             61             67             61             45             29             13               8
Cambrex East Rutherford Dec             58             30             63             14               9             10               8
Tumi Holdings South Plainfield Dec             58             55             37             17               0          (16)          (12)
The Children's Place Secaucus Jan 15             57             53             63             74             80             84             79
Bio-Reference Laboratories Elmwood Park Dec             47             46             42             36             26             22             16
Cantel Medical Little Falls Dec             43             39             31             20             20             16               9
Universal Display Ewing Dec             42             74             10               3          (20)          (21)          (19)
B&G Foods Parsippany Dec             41             52             59             50             32             17             10
Synchronoss Technologies Bridgewater Dec             39             23             27             15               4             12             12
Integra LifeSciences Plainsboro Dec             34          (21)             41             28             66             51             28
Heartland Payment Systems Princeton Dec             32             74             64             43             34          (52)             42
Mack-Cali Realty Edison Dec             31          (90)             38             78             66             77             62
CommVault Systems Oceanport Dec             26             64             53             32             21             18             12
Vonage Holdings Holmdel Dec             19             28             37          409          (84)          (43)          (65)
Catalent Somerset Jun             18          (51)             18          (29)        (217)        (198)
Kearny Financial Fairfield Jun             10               7               5               8               7               6               6
Covanta Holding Morristown Dec             (1)             42          138             84             35             65             92
Phibro Animal Health Teaneck Jun             (3)             25               7          (13)             16             (6)
NPS Pharmaceuticals Bedminster Dec             (9)          (14)          (19)          (36)          (31)          (18)          (32)
Pacira Pharmaceutics Parsippany Dec          (14)          (64)          (52)          (43)          (27)          (32)          (42)
Eagle Pharmaceuticals Woodcliff Lake Sep          (18)             (6)          (19)             (5)


The Medicines Company Parsippany Dec          (32)             15             51          128          105          (76)             (9)
Amicus Therapeutics Cranbury Dec          (69)          (60)          (49)          (44)          (55)             (7)          (39)
Insmed  Monmouth Junction Dec          (79)          (56)          (41)          (60)             (6)          118          (16)
PTC Therapeutics South Plainfield Dec          (94)          (52)          (26)             31


PHH Corp Mount Laurel Dec        (185)             98             23        (102)             76          173        (281)










Total all 55 with Market Cap Between $1 bil and $20 bil    10,109       9,650       7,141       6,723       8,535        (416)          647










2014 Earnings % Increase Over 2008
1,462%















Two Year Total Earnings:








….. 2014 and 2013

   19,759





….. 2009 and 2008

         231





….. Two Year Earnings Increase








………. Amount

   19,528





………. %

8,454%






On the job front, the US Bureau of Labor reported that the unemployment rate for the State of New Jersey has dropped from 9.8% in January 2010 to 6.5% in the most recently reported April 2015.


 
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