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Johnson & Johnson Message Board

  • ekurich ekurich Jan 9, 1998 2:01 PM Flag

    JNJ: A core holding in one's portfolio.

    JNJ is up today in a disintegrated overall market environment. Part of the reason is the upgrade by Paine Webber. Another
    reason is that its products are recession immune. JNJ is a mixture of pharmaceutical, cosumer health products and medical supllies
    company. Owning JNJ shares is equivalent to owing MRK, PG and ABT together. It will not offer you a huge return like a high-tech
    company but it will offer you a stead-stream of income over a long period of time. Meanwhile you will not suffer too much in a down
    market.

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    • JNJ could indeed be a port in a storm. I heard on shortwave news out of Japan that they were reverting to Keynsian policies
      rather than continue the fiscal austerity that the west wants them to adopt. Korea and Thailand were thinking of junking the IMF
      plan in favour of government economic stimulation. It is more important to them that businesses do not go bankrupt and people do
      not lose there jobs than pleasing the IMF. This bodes ill for the stock market. You want to be with defensive stocks like JNJ
      for the storm that is coming.

 
JNJ
107.86+0.38(+0.35%)Nov 21 4:04 PMEST

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