Monday, August 18, 2014

New Jersey Company Stock Market Prices Up 389% Since March 6, 2009

The New Jersey US Senate race is not now very close, but I think there is a chance it will be getting much closer in the future.  Thus, I think it would be helpful to research how New Jersey 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.  And I also think it would be helpful to research how New Jersey has done on the employment front after the horrible effects of the 2008 US financial meltdown.

I found 90 New Jersey Headquartered Companies in Yahoo's or Google's superb Finance websites or from SEC filings with current Total 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, very early in President Obama's first term, 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 15, 2014.
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 90 New Jersey Companies had their average stock market prices decline by a huge 51% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But in the five years and five months since March 6, 2009 through August 15, 2014, when all three New Jersey US Senators holding office during this time frame were smart, very effective Democrats.....Cory Booker, Frank Lautenberg and Robert Menendez....., the average stock market prices of these same 90 New Jersey Companies have increased by an exceptional 389%.

Thus in the six years and seven months from December 31, 2007 before the 2008 financial meltdown to the most recent date August 15, 2014, the equally-company-weighted average stock market prices of these same 90 New Jersey Companies have increased by an impressive 67%...... yeah, they have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 67%.

Below here are the stock market prices of each of these 90 New Jersey Companies on August 15, 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
New Jersey Company HQs
8-15-14 3-6-09 12-31-07 8-15-14 3-6-09 8-15-14



$s $s $s








BOOKER







LAUTENBERG







& MENENDEZ

Wyndham Worldwide Parsippany NJ      79.19       2.92      23.56 2612% -88% 236%
IDT Corp Newark NJ      15.69       0.59       8.45 2543% -93% 86%
SL Industries Mount Laurel NJ      41.06       2.20      20.00 1766% -89% 105%
Protalex Summit NJ       6.90       0.38       6.50 1740% -94% 6%
Rockwood Holdings Princeton NJ      79.48       4.65      33.22 1609% -86% 139%
Cambrex East Rutherford NJ      21.50       1.50       8.38 1333% -82% 157%
Hertz Global Holdings Park Ridge NJ      30.14       2.24      15.89 1246% -86% 90%
WABCO Holdings Piscataway NJ    101.38       8.45      50.09 1100% -83% 102%
Heartland Payment Systems Princeton NJ      47.22       4.03      26.80 1072% -85% 76%
IGI Laboratories Buena NJ       6.12       0.57       1.41 974% -60% 334%
Cytec Industries Woodland Park NJ    103.29      10.99      61.58 840% -82% 68%
Vonage Holdings Holmdel NJ       3.26       0.38       2.30 758% -83% 42%
Movado Group Paramus NJ      41.39       5.04      25.29 721% -80% 64%
Actavis Parsippany NJ    215.43      26.36      27.14 717% -3% 694%
Prudential Financial Newark NJ      87.86      11.38      93.04 672% -88% -6%
B&G Foods Parsippany NJ      29.28       3.99      10.21 634% -61% 187%
Innophos Holdings Cranbury NJ      58.27       8.24      14.88 607% -45% 292%
Hovnanian Enterprises Red Bank NJ       3.97       0.58       7.17 584% -92% -45%
Elite Pharmaceuticals Northvale NJ       0.34       0.05       2.16 580% -98% -84%
Marlin Business Services Corp Mount Laurel NJ      19.60       2.92      12.06 571% -76% 63%
NPS Pharmaceuticals Bedminster NJ      26.97       4.06       3.83 564% 6% 604%
Ingersoll-Rand Piscataway NJ      60.55       9.45      37.09 541% -75% 63%
Cantel Medical Little Falls NJ      33.81       5.40       6.48 527% -17% 422%
Universal Display Ewing NJ      33.04       5.36      20.67 516% -74% 60%
Antares Pharma Ewing NJ       2.14       0.36       0.98 494% -63% 118%
Asta Funding Englewood Cliffs NJ       8.42       1.46      26.44 477% -94% -68%
CommVault Systems Oceanport NJ      52.92      10.51      21.18 404% -50% 150%
Tyco Intl Princeton NJ      43.86       8.84      19.48 396% -55% 125%
Cognizant Technology Solutions Teaneck NJ      44.76       9.15      16.97 389% -46% 164%
Rudolph Technologies Flanders NJ       9.61       2.03      11.32 373% -82% -15%
Synchronoss Technologies Bridgewater NJ      39.96       9.06      35.44 341% -74% 13%
Celgene Summit NJ      89.61      20.58      23.11 335% -11% 288%
Honeywell Morristown NJ      94.23      23.60      61.57 299% -62% 53%
Investors Bancorp Short Hills NJ      10.37       2.77       5.55 274% -50% 87%
Immunomedics Morris Plains NJ       3.35       0.95       2.32 253% -59% 44%
ORBCOMM Rochelle Park NJ       6.19       1.77       6.29 250% -72% -2%
Arch Capital Group Ltd Jersey City NJ      55.61      15.93      23.45 249% -32% 137%
AEP Industries South Hackensack NJ      40.81      12.06      32.01 238% -62% 27%
Sealed Air Elmwood Park NJ      34.85      10.64      23.14 228% -54% 51%
Bed Bath & Beyond Union NJ      61.91      19.52      29.39 217% -34% 111%
J&J Snack Foods Pennsauken NJ      95.24      30.99      31.28 207% -1% 204%
Bio-Reference Laboratories Elmwood Park NJ      32.09      10.64      16.34 202% -35% 96%
Curtiss-Wright Parsippany NJ      68.03      23.26      37.08 192% -37% 83%
Church & Dwight Ewing NJ      67.29      23.43      27.04 187% -13% 149%
Alexander's Paramus NJ    387.68    137.82    353.25 181% -61% 10%
The Medicines Company Parsippany NJ      25.55       9.33      19.16 174% -51% 33%
ConnectOne Bancorp Union NJ      19.06       7.02      11.06 172% -37% 72%
Everest Re Group Ltd Liberty Corner NJ    162.67      61.84    100.40 163% -38% 62%
Merck Whitehouse Station NJ      58.61      22.74      58.11 158% -61% 1%
Chubb Warren NJ      89.84      35.73      54.58 151% -35% 65%
Bel Fuse Jersey City NJ      22.93       9.22      29.27 149% -69% -22%
Covance Princeton NJ      85.56      34.50      86.62 148% -60% -1%
Automatic Data Processing Roseland NJ      82.27      33.28      44.53 147% -25% 85%
The Children's Place Secaucus NJ      49.67      20.14      25.93 147% -22% 92%
Boulder Brands Paramus NJ      13.40       5.57      10.93 141% -49% 23%
Integra LifeSciences Plainsboro NJ      48.49      20.29      41.93 139% -52% 16%
PHH Corp Mount Laurel NJ      23.82      10.19      17.64 134% -42% 35%
Selective Insurance Group Branchville NJ      23.68      10.61      22.99 123% -54% 3%
OceanFirst Financial Toms River NJ      16.71       7.75      15.81 116% -51% 6%
Foster Wheeler Clinton NJ      32.22      15.15      77.51 113% -80% -58%
Checkpoint Systems Thorofare NJ      13.57       6.41      25.98 112% -75% -48%
Johnson & Johnson New Brunswick NJ    101.17      47.97      66.70 111% -28% 52%
Oritani Financial Washington Township NJ      14.99       7.15       8.20 110% -13% 83%
John Wiley & Sons Hoboken NJ      59.28      28.37      42.84 109% -34% 38%
CR Bard Murray Hill NJ    149.83      72.38      94.80 107% -24% 58%
Provident Financial Services Jersey City NJ      16.78       8.15      14.42 106% -43% 16%
Monmouth Real Estate Investment Freehold NJ      10.43       5.09       8.10 105% -37% 29%
Northfield Bancorp Woodbridge NJ      12.91       6.36       7.71 103% -18% 67%
Kearny Financial Fairfield NJ      15.96       8.06      11.91 98% -32% 34%
UMH Properties Freehold NJ       9.96       5.25      11.77 90% -55% -15%
Lakeland Bancorp Oak Ridge NJ      10.21       5.53      10.51 85% -47% -3%
Becton Dickinson Franklin Lakes NJ    117.27      64.15      83.58 83% -23% 40%
Hill Intl Marlton NJ       4.49       2.57      14.17 75% -82% -68%
Peapack-Gladstone Financial Bedminster NJ      18.62      11.33      23.40 64% -52% -20%
Campbell Soup Camden NJ      43.47      26.55      35.73 64% -26% 22%
Dun & Bradstreet Short Hills NJ    116.95      71.76      88.63 63% -19% 32%
Covanta Holding Morristown NJ      20.69      13.42      27.66 54% -51% -25%
Clifton Savings Bancorp Clifton NJ      12.54       8.26       9.80 52% -16% 28%
Insmed  Monmouth Junction NJ      13.18       8.70       8.30 51% 5% 59%
Cape Bancorp Cape May Court House NJ      10.23       7.00      22.05 46% -68% -54%
Mack-Cali Realty Edison NJ      21.14      14.63      34.00 44% -57% -38%
Suburban Propane Partners LP Whippany NJ      44.18      32.06      40.50 38% -21% 9%
BCB Bancorp Bayonne NJ      12.98       9.49      15.55 37% -39% -17%
Quest Diagnostics Madison NJ      60.38      44.41      52.90 36% -16% 14%
Valley National Bancorp Wayne NJ       9.77       7.40      14.93 32% -50% -35%
Hudson City Bancorp Paramus NJ       9.61       8.80      15.02 9% -41% -36%
Sun Bancorp Vineland NJ      18.84      18.00      78.90 5% -77% -76%
North European Oil Royalty Trust Red Bank NJ      21.86      22.36      34.02 -2% -34% -36%
Village Super Market Springfield NJ      19.22      25.75      25.45 -25% 1% -24%
Amicus Therapeutics Cranbury NJ       4.44       7.26      10.75 -39% -32% -59%









Average % Change all 90




389% -51% 67%

But it's not just the New Jersey Companies existing at December 31, 2007 which have been doing very well since the 2008 US financial meltdown.  New Jersey has also been a hotbed for Initial Public Offerings (IPOs) since 2009.  As you can see in the below chart, there were 16 New Jersey IPOs since 2009 where the stock market price has appreciated by at least 23% from the Initial Offering Price.  Included in these 16 IPOs were 3 which were subsequently sold.







%








Market # of








Price Months






8-15-14
Change Stock 






Stock
From Traded
IPO
City State

Market Offering Offering Thru
Date New Jersey Company IPO HQs
Sector Industry Price Price Price 8-15-14





$ $

2/3/11 Pacira Pharmaceuticals  Parsippany NJ Healthcare Drug Manufacturers- Major 103.01 7.00 1372% 42
10/7/09 Verisk Analytics  Jersey City NJ Technology Business Services 62.69 22.00 185% 58
10/28/10 SeaCube Container Leasing  Park Ridge NJ Services Equipment Leasing 23.00 10.00 130% 30
10/28/09 Vitamin Shoppe  North Bergen NJ Healthcare Specialty Retail 38.19 17.00 125% 58
6/21/13 PTC Therapeutics    South Plainfield NJ Health Care Biotechnology 33.42 15.00 123% 14
10/2/13 Burlington Holdings   Burlington NJ Services Discount Variety Stores 33.45 17.00 97% 10
10/25/13 Aerie Pharmaceuticals   Bedminster NJ Health Care Major Drug Manufacturers 18.08 10.00 81% 10
10/8/09 Mistras Group  Princeton Junction NJ Services Security & Protection Services 21.71 12.50 74% 58
4/11/13 Omthera Pharmaceuticals  Princeton NJ Health Care Other Drug Manufacturers 13.30 8.00 66% 3
2/12/13 ConnectOne Bancorp  Englewood Cliffs NJ Financial Regional Banks 45.60 28.00 63% 11
3/28/13 Pinnacle Foods   Parsippany NJ Consumer Goods Food-Major Diversified 32.18 20.00 61% 17
10/11/12 Realogy Holdings   Madison NJ Financial Property Management 40.20 27.00 49% 22
2/1/13 Zoetis  Florham Park NJ Health Care Generic Drugs 33.69 26.00 30% 18
4/19/12 Tumi Holdings  South Plainfield NJ Services Specialty Retail 23.03 18.00 28% 28
4/11/14 Phibro Animal Health Teaneck NJ Health Care Animal Health 18.52 15.00 23% 4
5/23/14 Agile Therapeutics Princeton NJ Health Care Generic Drugs 7.36 6.00 23% 3

In like manner on the employment front, from the US Bureau of Labor Statistics, New Jersey's State unemployment rate more than doubled, going from 4.6% in December 2007 to 9.6% 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 all three Democratic New Jersey US Senators, including Cory Booker, were in office, the New Jersey State unemployment rate has declined from 9.6% in October 2009 to 6.5% in the most recently reported June 2014.

New Jersey Citizens must be very pleased with both the outstanding performance of nearly all of their New Jersey Companies as well as the substantial drop in the New Jersey Unemployment Rate, both occurring during the most recent roughly five years when the very bright, practical Cory Booker, Frank Lautenberg and Robert Menendez.....all Democrats..... were serving in the US Senate very effectively for the interests of their New Jersey constituents.







More Details to come.