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Tuesday, September 1, 2020

Residents Fleeing New Jersey -- United Van Lines -- September 1, 2020

Moving. They must be reading the blog. I posted a United Van Lines story just a week or so ago and now we have this over at ZeroHedge. Fascinating.

According to the latest data from United Van Lines, people have been flooding into Vermont, Idaho, Oregon and South Carolina, eager to flee such financially-challenged, high-tax, protest-swept, Democrat-controlled states as Connecticut, Illinois and New York. But no other state has seen a greater exodus than New Jersey, where out of every 10 moves, 7 have been households leaving the state, or nearly three times as many moved out than moved in.

EVs: still need to be bailed out and financially backed by "the state." Link here.

Tesla: will raise a lot of cash by selling company-owned shares.

AAPL: trending toward $150/share? Motley Fool. Link here.

AAPL: too pricey. Let's check the P/E's:

  • ZM: 2,514
  • TSLA: 1,256
  • SBUX: 75
  • AAPL: 40

Forward P/E's:

  • Home Depot: 30
  • AAPL: 10

Comment: a lot of talk that even when pandemic is an old story, CEOs are not going to fly five hours across the country (and five hours back) for a 2-hour meeting. It's interesting: when I was in the USAF -- and that was years ago -- we held video conferences on a daily basis, dialing in from around the world. Without question, like so many things in life, the US DOD was an early adopter and an early adapter.

Time for the disclaimer.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

Records, records, and more records:

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