A long-time Power Line reader and old drinking buddy of mine from my mis-spent youth of the Reagan years writes in with the following observations:
The whole Chick-fil-a thing got me curious about the companies that have been targeted for boycotts etc. by the Left in recent years. The results are interesting.
Wal-Mart has been targeted by the left for at least 20 years. Here’s their stock chart since Jan. 1, 1990:
Whole Foods was targeted by the Left in 2009 when its CEO expressed doubts about Obamacare. Here’s their stock chart since 2009:
McDonald’s has been blasted for supposedly making kids obese. Here’s their stock chart since 2000:
And, of course, we’ll always have ExxonMobil. Here’s their stock chart since the Exxon Valdez:
This suggests a new investment strategy: whenever the Left proposes to boycott or demonize a company, treat it as a massive buy signal. We might even have to start our own hedge fund: how does the Power Line Socially Irresponsible Fund (PLSIF) sound for a name?
Too bad Chick-fil-a is privately owned, or I’d buy the stock. (Note to consumers out west: another privately-owned food outlet that has conservative principles—both theologically and politically—is In-and-Out Burgers. Best. Burgers. Ever. Just ask Donnie. Be sure to order “animal style.” You In-and-Out veterans–and Big Lebowski fans–will know what I’m talking about.)