You might want to review your high school math, the part on percentages. Closed yesterday at 99.2, touched 99.7 briefly today, an increase of 0.5, which translates to being up 0.5%, not 2%. As for why this happened, while JNJ is an outstanding long term hold, it's not cheap. The yield is 2.7%, and the PE is over 20. Those are low enough and high enough to make many people sellers, not buyers. If I were looking to add to my JNJ holding, I would wait for a pullback to 94-95. Or, maybe, it's just that some days, stocks go down. Anyway, I sure hope this helps calm your nerves.
So your investment system involves shorting stocks based on the price you predict for 10 YEARS out? Please, get back to us in 2024 and let us know how that's worked for you. No need to post before then.
Thanks for the suggestion. Just set up a portfolio and noticed there's no message board. So no spammers to play whack-a-mole with. I'll check in here occasionally to catch up with the oldtimers.
I have three stock portfolios on Yahoo, and all morning I've been getting a "failure to connect" type of message when I try to look at them. I can get individual stocks with no problem. Anybody else seeing this? Sometimes the message says the problem may relate to refusing "cookies." For the record, I never refuse a cookie.
No, incorrect, it does matter and should be a matter of concern to all, because it costs millions of dollars to execute a stock split, and those costs come out of shareholder returns. Because there is no real benefit to shareholders, it is money wasted, spent simply to give a feel-good feeling to those who don't understand basic arithmetic.
Well, that will teach me to read dates more carefully. Now we can start talking about whether 7 cents by 2015 will be enough to keep investors happy.
I'm pretty sure that RF can only raise the dividend to $0.20, because that was what they proposed in their Capital Review, and that, along with the share repurchase, is what the Federal Reserve approved after their CCAR. RF does NOT have Fed approval/permission to deviate from that original proposal. It's a done deal, no room to maneuver.
If you're going to keep posting this, which by the way doesn't make any sense, at least you could spell his name correctly: Horatius. Here's the close of the very long poem to which you seek to refer:
When the goodman mends his armour, and trims his helmet's plume,
And the goodwife's shuttle merrily goes flashing through the loom;
With weeping and with laughter still is the story told,
How well Horatius kept the bridge in the brave days of old.
Sorry, but history just doesn't support your "analysis." Go to the JNJ Interactive Chart, click on MAX years, click on EVENTS, click on SPLITS. Now look at adjusted share price behavior around the time of the splits. Sometimes it continued to rise at the same rate, sometimes it fell a bit, sometimes it rose at a slower rate. There is simply NO consistent effect of a split on share price, not for this one, not for any of the established blue chips with good yields. There was absolutely NOT a stimulus of rise in share price.
You really do need to brush up on your business arithmetic. The number of shares you own is of no importance whatsoever, now that you can buy fractional shares and DRIP invest without a transaction fee. What is important is the total amount you have invested in the company, and that is unrelated to share price. Maybe you would do better with a nice mutual fund.
If you look at the Business Segments Highlights of the 2012 annual report, you'll see that diagnostics accounted for only 2.2% of total sales, and only 10% of its segment. Ortho is an old, slow growth company, and JNJ figures it can do better things with the $4 billion. JNJ is still much more than "just" a pharma company. The pharma sector of the company accounts for about 40% of sales, and it is the fast-growing part of the company. I wouldn't be surprised to see JNJ acquire another diagnostics company, but one with more growth potential. On the other hand, I wouldn't be upset if they didn't. They are a fully diversified company, and they actually know more about running their business than those who post on this board.
Not defending this or any other analyst, but maybe he thought that a price target of $11.33 made RF a hold. If it was around $11.20 when he wrote it, that would mean that he was seeing a top increase of only about 1.2% in the next 12 months. Is that a buy in your analysis?
Old story about Yogi Berra, goes into a pizza place, orders a pie. Waiter asks if he wants it cut in 4 slices or 8. Yogi says "Just cut it in 4 slices, I don't think I could eat 8." So, I guess Yogi would be in favor of a split since, according to his reasoning, 2 split shares would be bigger than 1 un-split. Me, I think a pie is a pie no matter how you slice it.
Sorry, but you are the idiot, don't know about the liar part, but probably. Yes, absolutely, the share price was over $100 at the time of those splits. The historical chart prices adjust for the split, reducing the price by one-half for a 2-1 split. Three 2-1 splits equals an 8-1 split, so going back three splits, the posted price has to be multiplied by 8 to get the price at the time. You really don't know enough to post comments on boards.
Looks like your calculations are a lot closer to market sentiment than mine. How much do you think the 350M share repurchase is contributing to price support? That's not getting much coverage in the discussion, but it is about a 2% reduction of share number, with translates to about a $0.20 price increase.
Based on the price response, I think the baked in figure was $0.24, which would have put the return at a respectable 2.2%. I think that the $0.20 dividend only supports a price of about $10, unless there is compelling evidence of a sustainable and impressive increase in profits.
The analysts I follow mostly rate RF a hold. S&P has it a strong buy, with a 12-month price target of $13. What they like about it is the very conservative approach being taken to restore and rebuild fundamental strengths, improve credit and loan quality. There are better long term uses for the profits than giving them to us as dividends. This raise is in line with expectations. Nothing is going to happen quickly with RF, and that's fine with me. It's a BANK, nothing is supposed to happen quickly.
Really puzzling. How is it spam when he just repeats my post? He's not trying to get us to buy some worthless report, just getting his name on the board. Don't understand what it accomplishes. Unless he just thought my post was so brilliant it had to be repeated. Now that's possible.