Have to agree with you. I have a hold on this stock right now. Not purchasing any till after a split. Some it is over priced right now. Fair market valve is right around $99.00 a share. Also have a hold on PEP for the same reason.
Johnson & Johnson JNJ
Revenue Growth: 6%
Pre-Tax Income Growth: -5%
EPS Growth: -4%
J&J's consumer products segment is on the mend, posting operational sales growth (excluding divestitures and currency headwinds) of 4.7% in the most recent quarter. Unfortunately, the medical device business continues to struggle with competitive and reimbursement pressure, delivering operational sales growth of just 1.3%. The pharmaceutical division remains the growth engine, with operational sales growth of 10.2%. However, we expect J&J's pharma business to face increasing branded competition, patent expirations, and few new product launches over the next several years. Our analyst sees the company's drug development pipeline as among the weakest in Big Pharma. J&J also faces a relatively severe near-term currency headwind, which dragged down reported sales by more than seven percentage points in the first quarter. (The revenue growth rate cited above adjusts for divestitures and currency movements, but the pre-tax income and adjusted EPS growth rates do not.) With Johnson & Johnson's stock trading around our $99 fair value estimate, this is one of the first places I'd look to as a potential source of funds in the Tortoise.
Do you think it will drop some $6.00 so it is under $30.00? I should go ahead an invest in it. Are you a user of this company, the gas I mean?
Been into this company for two now. Got into it through the dividend reinvestment program. Very good company. Glad to own it. I am in for the long haul.
I plan on buying this REIT in the near future through the dividend reinvestment plan. Can someone tell why the vacant properties numbers are going up. Is it just that it has more property now then in the past? Or are there other reasons? Has any body held this REIT for the long term can tell me if this is a good investment? I have been looking at other REIT also, but this one seems to be one of the better ones. Am I right?