You guys are very stupid, like most investors which are selling JNJ based on past growth numbers. 2007 is going to see HUGE growth for JNJ, simply because of the YEAR OF THE GOLDEN PIG in China. Millions of couples are going to have babies this year, only based on ancient beliefs that this year is the best ever to have babies. But stupid americans don't read and listen to those facts. Only a few one are bright enought to position themselves for the boom (Buffet).
Mark my post: JNJ will be close to $100 by year end, losers.
my point is that i believe JNJ knows more about the outlook for market demand than you do, and they are forecasting only 5 - 8% growth in eps this year. for the stock to hit 100 this year, the p/e would need to expand to 25 - 26x '07 eps. not going to happen.
What's your point? Aren't all the facts there that this year will see a baby boom in China and there will be a huge demand for baby care products and healthcares supplies? China has 4 times the US population and is purchasing the same products than Americans (JNJ). Anyway, time will tell soon enough and we hope you will just feel dumb enough to quit this board when the stock will be around $100