About The times. (Gainesville, Ga.) 1972-current | View Entire Issue (Sept. 2, 2020)
Nate McCullough | News Editor 770-718-3431 | news@gainesvilletimes.com The Times, Gainesville, Georgia Midweek Edition - September 2-3, 2020 BUSINESS CarMax planning Gainesville dealership Auto retailer would announce arrival of new store year before expected grand opening BY JEFF GILL jgill@gainesvilletimes.com CarMax is planning a store in Gainesville. The pre-owned automobile deal ership chain is proposing to put up a 7,590-square-foot building and 936-square-foot car wash on the nearly 8-acre site at 2602 Browns Bridge Road, west of Memorial Park Drive and near Cherryhill Drive. CarMax would operate the car wash “to clean vehicles for sale and final quality con trol of cars presented to purchasers,” the company said. CarMax “has identified the Gaines ville area as a good fit for our current growth plan,” the company said in an email to The Times about the project. As for a schedule for the project, “it Gainesville Planning and Appeals Board What: Annexation for proposed CarMax Auto Superstore at 2602 Browns Bridge Road, Gainesville When: 5:30 p.m. Tuesday, Sept. 8 Where: Public Safety Complex, 701 Queen City Parkway, Gainesville can often take two to three years to get all necessary approvals, complete con struction and open for business, once we decide to move forward on any location,” the company said. CarMax said it would announce the new store opening “about one year in advance of the anticipated grand open ing date.” The property, which is also next to Absolute Trailers, contains an “older home and various outbuildings” that would be torn down as part of the proj ect, according to a Gainesville planning staff report on the project. The project is set to go before the Gainesville Planning and Appeals Board on Tuesday, Sept. 8. The appli cant, Colorado-based developer Center- Point Integrated Solutions, is seeking to annex the property for the store. Car Max’s “business model is to pro mote a high-end retail experience and a welcoming experience,” said Brad Lauth, development manager for Cen- terPoint, in a description of the project. “As such, CarMax does not use outdoor loudspeakers... and does not use flags, balloons, inflatables, placards in open car hoods, painted window lettering or the like in its marketing.” The company has more than 200 locations nationwide, Lauth said. CarMax is proposing a used car dealership and car wash at 2602 Browns Bridge Road, west of Memorial Park Drive and near Cherryhill Drive. JEFF GILL The Times A different antivirus software Associated Press This combo of photos shows the logo for Google, top, and Apple, bottom. Apple and Google on Wednesday, May 20, released long-awaited smartphone technology to automatically notify people if they might have been exposed to the coronavirus. Apple, Google build COVID-tracing tech directly into phones BY MATT O’BRIEN Associated Press Apple and Google are trying to get more U.S. states to adopt their phone-based approach for tracing and curbing the spread of the coronavirus by building more of the technology directly into phone software. That could make it much easier for peo ple to get the tool on their phone even if their local public health agency hasn’t built its own compatible app. The tech giants on Tuesday launched the second phase of their “exposure noti fication” system, designed to automati cally alert people if they might have been exposed to the coronavirus. Until now, only a handful of U.S. states have built pandemic apps using the tech companies’ framework, which has seen somewhat wider adoption in Europe and other parts of the world. States must choose whether they want to enable the Apple-Google system. If they do, iPhone users in those states will auto matically be able to opt into the system without having to download an app. They’ll be prompted with a notification asking if they consent to running the system on their phones. For people with Android phones, Google will automatically generate an Android app for public health agencies that phone users can then download. The companies said they expect Mary land, Nevada, Virginia and Washington, D.C., to be the first in the U.S. to launch the new version of their tool. Virginia says nearly half a million of its 8.5 million resi dents have downloaded its app since the state in early August became the first to launch a customized pandemic app using the Google-Apple framework. Other states that have since launched COVID-19 apps using the Google-Apple model include North Dakota, Wyoming, Alabama and Nevada. The University of Arizona also has one that is expected to eventually go statewide. Some of the apps don’t work as well once people travel across state borders, although a group of coordinating public health agen cies is working to fix that by setting up a national server. The technology relies on Bluetooth wire less signals to determine whether an indi vidual has spent time near anyone else who has tested positive for the virus. Both people in this scenario must have signed up to use the Google-Apple technology. Instead of geo graphic location, the app relies on proxim ity. The companies say the app won’t reveal personal information either to them or pub lic health officials. Individuals who receive such proximity alerts will typically be offered testing and health advice to prevent potential future spread of the virus. Maryland’s Republican Gov. Larry Hogan, announcing the state’s participa tion in the Apple-Google system at a press conference Tuesday, said it will help pub lic health officials more quickly notify people of potential COVID-19 exposure and enhance existing efforts by health workers to trace the contacts of infected people. Gas company, Gainesville reach deal on franchise fees BY MEGAN REED mreed@gainesvilletimes.com The city of Gainesville and Atlanta Gas Light Company have reached a settle ment after a miscalculation led to the utility company overpaying in franchise fees to the city. According to city documents, Atlanta Gas Light pays the city franchise fees every year, and that rate is calculated by multiplying the franchise fee factor of $14.95 by the “Dedicated Design Day Capacity” in the city as of the last day of the previous fiscal year. According to the Atlanta Gas Light website, the “Dedi cated Design Day Capacity” is a charge that recovers costs associated with deliv ering gas to a home or business. However, in 2016-2017, the Dedicated Design Day Capacity was initially miscal culated. Atlanta Gas Light should have paid the city $11,828.92 but instead paid $197,402.70, according to city documents. Since then, Atlanta Gas Light has been withholding franchise fees to recoup the loss, but now the two parties are settling the discrepancy. City Attorney Abb Hayes said Atlanta Gas Light miscalculated the fee for 2016- 2017 and later contacted the city about the overpayment. The remaining balance on the over payment is $146,000, Hayes said at an Aug. 27 Gainesville City Council work session. The gas company has agreed to accept a payment of about two-thirds of that remaining balance, Hayes said. It was unclear why it didn’t request a full refund. The city will pay a lump sum of $97,363.93 to Atlanta Gas Light, saving about $48,000 in the agreement. The city will pay a lump sum of $97,363.93 to Atlanta Gas Light. The City Council unanimously approved the agree ment Tuesday, Sept. 1. “Atlanta Gas Light appreciates its rela tionship with the City of Gainesville and is pleased to have worked together to reach a resolution that benefits the City and our customers fairly,” Atlanta Gas Light said in a statement. “We will continue to part ner with the City to meet our customer commitments to provide clean, safe, reli able and affordable natural gas service.” Stock Exchange Highlights I NYSE 13,113.74 +68.14 i Nasdaq 11,939.67 +164.21 Gainers (§2 or more) Gainers ($2 or more) Name Last Chg %Chg Name Last Chg %Chg LibOilSv 8.75 +2.30 +35.7 JounceTh 7.53 +2.69 +55.6 TortAcq 48.97 +9.53 +24.2 Gogo 7.37 +2.23 +43.4 AtHomGr 23.33 +4.22 +22.1 ZoomVid 457.69+132.59 +40.8 EKodak 7.30 +1.32 +22.1 Evogene 2.74 +.67 +32.4 BldBear 3.13 +.55 +21.3 NanoX n 35.75 +8.19 +29.7 Nautilus 13.85 +2.00 +16.9 Tracon rsh 2.41 +.52 +27.5 CharahSo 3.00 +.39 +14.9 Aemetis h 2.04 +.38 +22.9 GameStop 7.65 +.97 +14.5 OdysMar h 6.89 +1.22 +21.5 Chewy 69.43 +8.36 +13.7 DocuSign 268.80 +45.80 +20.5 Calix 21.84 +2.39 +12.3 PriorityTc 2.33 +.38 +19.2 Losers (§2 or more) Losers ($2 or more) Name Last Chg %Chg Name Last Chg %Chg GTT Comm 4.55 -.43 -8.6 AppliedUV n 8.60 -3.00 -25.9 Kadmon 4.58 -.42 -8.4 Neuronet 4.73 -1.14 -19.4 GencoSh 6.59 -.52 -7.3 VirBiotch n 33.89 -6.59 -16.3 CypressEr 2.25 -.17 -7.1 Wilhelmina 2.61 -.50 -16.0 Dynagas 2.51 -.19 -7.0 UrogenP 21.32 -3.77 -15.0 Brinks 45.41 -2.95 -6.1 ScanSource21.40 -3.29 -13.3 KnotOffsh 11.61 -.75 -6.1 TreviTh 3.50 -.53 -13.2 Glaukos 45.00 -2.83 -5.9 UnumTh 2.49 -.37 -12.9 SelEngS 4.49 -.28 -5.9 Youngev pf 12.10 -1.79 -12.9 TalosEn 7.10 -.41 -5.5 IBEX n 14.02 -1.97 -12.3 Most Active ($1 OR MORE) Most Active ($1 OR MORE) Name Vol (00) Last Chg Name Vol (00) Last Chg EKodak 1061613 7.30 +1.32 Apple Inc s1517251134.18 +5.14 GenElec 929386 6.19 -.15 Tesla Inc s 896450 475.05 -23.27 ItauUnH 655548 4.47 +.22 AmAirlines 727249 13.10 +.05 NokiaCp 491126 4.73 -.17 Gogo 710306 7.37 +2.23 FordM 481798 6.83 +.01 AMD 557898 92.18 +1.36 AT&T Inc 465072 29.47 -.34 ZoomVid 532050 457.69 +132.59 BkofAm 460822 25.71 -.03 JounceTh 430878 7.53 +2.69 WalMart 355150 147.59 +8.74 Gevo 357659 1.24 -.01 Pfizer 342855 36.88 -.91 Aemetis h 340020 2.04 +.38 WellsFargo 304673 24.05 -.10 Workhrs rs 328333 20.15 +2.04 Diary Diary Advanced 1,633 Advanced 1,656 Declined 953 Declined 1,412 Unchanged 64 Unchanged 144 Total issues 2,650 Total issues 3,212 New Highs 93 New Highs 185 New Lows 11 New Lows 40 Volume 3,746,722,488 Volume 3,334,580,759 Stocks of Local Interest Name Ex YTD Div Yld PE Last Chg %Chg AFLAC 1.12 3.1 11 36.70 +.38 -30.6 Intel 1.32 2.6 17 50.79 -.16 AT&T Inc 2.08 7.1 15 29.47 -.34 -24.6 IBM 6.52 5.4 13 123.40 +.09 AbbottLab 1.44 1.4 56 106.55 -2.92 +22.7 JJill 1.15 1 .54 +.16 AMD 92.18 +1.36 +101.0 JohnJn 4.04 2.7 25 151.52 -1.89 Aemetis h 2.04 +.38 +145.8 JounceTh 7.53 +2.69 Altria 3.44 8.0 14 43.12 -.62 -13.6 Lowes 2.20 1.3 37 167.59 +2.90 AmAirlines .40 3.1 4 13.10 +.05 -54.3 Macys 2 7.01 +.04 Apple Inc s 49 134.18 +5.14 +82.8 McDnlds 5.00 2.4 32 212.69 -.83 ATMOS 2.30 2.4 18 97.43 -2.39 -12.9 Merck 2.44 2.9 32 84.43 -.84 AutoZone 221222.43+26.12 +2.6 Microsoft 2.04 .9 45 227.27 +1.74 AveryD 2.32 2.0 34 117.66 +2.85 -10.1 NorflkSo 3.76 1.7 23 215.30 +2.77 BP PLC 2.46 11.8 6 20.77 -.16 -45.0 NDynMn g 1.14 +.09 BkofAm .72 2.8 9 25.71 -.03 -27.0 PepsiCo 4.09 2.9 15 139.19 -.87 Boeing 16 172.10 +.28 -47.2 Pfizer 1.52 4.1 15 36.88 -.91 BrMySq 1.80 3.0 20 60.97 -1.23 -5.0 PhilipMor 4.68 5.9 16 79.04 -.75 CSX 1.04 1.3 19 78.04 +1.58 +7.8 PlugPowr h 14.13 +1.15 CampSp 1.40 2.7 19 51.40 -1.21 +4.0 Primerica 1.60 1.3 15 124.07 -.78 Carnival 4 16.51 +.03 -67.5 ProctGam 3.16 2.3 32 138.18 -.15 Caterpillar 4.12 2.8 13 146.05 +3.74 -1.1 RegionsFn .62 5.3 9 11.63 +.07 Chevron 5.16 6.2 11 83.08 -.85 -31.1 SlackTc 34.30 +1.46 Cisco 1.44 3.4 17 42.03 -.19 -11.7 Snaplnc A 22.41 -.18 Citigroup 2.04 4.0 7 51.20 +.08 -35.9 SouthnCo 2.50 4.8 24 51.81 -.37 CocaCola 1.64 3.3 30 49.12 -.41 -11.3 SynovusFn 1.32 6.0 6 22.02 +.15 ConAgra .85 2.2 25 37.83 -.53 +10.5 Tesla inc s 475.05-23.27 Cummins 5.24 2.5 59 211.06 +3.81 +17.9 3M Co 5.88 3.6 23 164.80 +1.78 Disney 1.76 1.3 18 133.55 +1.68 -7.7 TruistFn 1.80 4.6 10 39.17 +.36 DuPont 1.20 2.1 6 57.26 +1.50 -10.8 T2 Biosys 1.57 +.01 EKodak 7.30 +1.32 +57.0 Tyson 1.68 2.7 11 62.64 -.16 Equifax 1.56 .9 29 168.69 +.42 +20.4 UtdAirlHI 4 36.01 +.01 ExxonMbl 3.48 8.8 9 39.43 -.51 -43.5 UtdCmBks .72 4.0 10 18.13 +.01 FordM 5 6.83 +.01 -26.6 UPS B 4.04 2.5 27 162.65 -.97 GenElec .04 .6 6.19 -.15 -44.5 VerizonCm 2.46 4.2 13 59.16 -.11 GenuPrt 3.16 3.3 18 95.66 +1.22 -10.0 Vodafone .97 6.7 14.49 -.28 Gevo 1.24 -.01 -46.3 WalMart 2.16 1.5 85 147.59 +8.74 GlbeLife .75 .9 6 82.03 -.45 -21.9 WeisMk 1.24 2.6 12 48.58 -.65 Gogo 7.37 +2.23 +15.2 WellsFargo .40 1.7 5 24.05 -.10 HP Inc .70 3.7 6 19.26 -.29 -6.3 WhitngPet .57 -.23 Haverty .60 2.8 22 21.67 +.55 +7.5 Workhrs rs 20.15 +2.04 HermitgOff .18 30.0 .60 -.56 -41.0 YumBrnds 1.88 2.0 34 96.15 +.30 Hershey 3.22 2.2 32 148.42 -.22 +1.0 Zomedica .11 HomeDp 6.00 2.1 29 285.94 +.90 +30.9 ZoomVid 457.69+132.59 YTD Name Ex Div Yld PE Last Chg %Chg -7.9 -52.2 +3.9 -58.8 +7.6 -7.2 +1.8 -5.9 -7.1 +347.2 -5.0 -18.7 -6.6 -30.5 -59.1 -41.3 -3.6 -25.0 -92.3 -4.5 -67.1 Stock Footnotes: g = Dividends and earnings in Canadian dollars, h = Does not meet continued-listing standards. If = Late filing with SEC. n = New in past 52 weeks, pf = Preferred, rs = Stock has undergone a reverse stock split of at least 50 percent within the past year, rt = Right to buy security at a specified price, s = Stock has split by at least 20 percent within the last year, un = Units, vj = In bankruptcy or receivership, wd = When distributed, wi = When issued, wt = Warrants. Fund Footnotes: m - Multiple fees are charged, usually a marketing fee and either a sales or redemption fee. Source: The Associated Press. Sales figures are unofficial. Stock Market Indexes Dow Jones industrials Close: 28,645.66 Change: 215.61 (0.8%) 30,000 27,000 24,000 21,000 28,760 28,140 27,520 : 10 DAYS M A M J J A 52-Week Net YTD 12-mo High Low Name Last Chg %Chg %Chg %Chg 29,568.57 18,213.65 Dow Industrials 28,645.66 +215.61 +.76 +.38 +9.68 11,377.89 6,481.20 Dow Transportation 11,316.69 +131.34 +1.17 +3.81 +13.26 963.80 593.52 Dow Utilities 794.08 -9.14 -1.14 -9.68 -7.76 14,183.26 8,664.94 NYSE Composite 13,113.74 +68.14 +.52 -5.74 +3.56 11,829.84 6,631.42 Nasdaq Composite 11,939.67 +164.21 +1.39 +33.07 +51.63 1,646.60 1,015.63 S&P 100 1,653.67 +14.73 +.90 +14.67 +28.89 3,514.77 2,191.86 S&P 500 3,526.65 +26.34 +.75 +9.16 +21.35 2,109.43 1,181.96 S&P MidCap 1,941.03 +14.49 +.75 -5.91 +4.47 35,950.11 21,955.54 Wilshire 5000 36,134.04 +326.38 +.91 +9.87 +21.70 1,715.08 966.22 Russell 2000 1,578.58 +16.70 +1.07 -5.39 +7.22 Mutual Funds Total Assets Total Return/Rank Pet Min Init Name Obj (SMIns) NAV 4-wk 12-mo 5-year Load Invt Vanguard 500ldxAdmrl LB 318,107 326.38 +8.0 +22.8/A +15.3/A NL 3,000 Fidelity 500ldxlnsPrm LB 259,215 122.61 +8.0 +22.8/A +15.3/A NL 0 Vanguard TtlSMIdxAdmrl LB 246,609 87.08 +7.2 +21.3 +13.8 NL 3,000 Vanguard TtlSMIdxIns LB 156,938 87.10 +7.2 +21.3 +13.8 NL 5,000,000 Vanguard TtlnSIdxInv FB 156,856 17.27 +4.3 +8.6 +5.8 NL 3,000 Vanguard TtlSMIdxInv LB 139,056 87.05 +7.2 +21.2 +13.7 NL 3,000 Vanguard InsIdxInsPlus LB 124,447 315.46 +8.0 +22.9/A +15.3/A NL 100,000,000 Vanguard TtlnSIdxInsPlus FB 122,959 115.58 +4.3 +8.7 +5.9 NL 100,000,000 Vanguard TtBMIdxAdmrl Cl 119,828 11.67 -0.7 +6.7/C +4.3/B NL 3,000 Amer. Fnds GrfAmrcA m LG 114,594 63.72 +9.7 +38.2/C +17.8/C 5.75 250 Fidelity Contrafund LG 114,544 17.75 +11.0 +41.6/B +19.4/B NL 0 Vanguard Insldxlns LB 110,724 315.44 +8.0 +22.8/A +15.3/A NL 5,000,000 Cl -Intermediate-Term Bond, FB -Foreign Large Blend, IH -World Allocation, LB -Large Blend, LG -Large Growth, LV -Large Value, MA -Moderate Allocation, WS -World Stock, Total Return: Chng in NAV with dividends reinvest ed. Rank: How fund performed vs. others with same objective: A is in top 20%, E in bottom 20%. Min Init Invt: Minimum $ needed to invest in fund. Source: Morningstar.
