Johnson & Johnson Message Board

I don't know but it's up from .36 GAAP YoY. Non-GAAP is at .91 from .75 YoY. Guidance of $2.75, which is in line with most estimates I've seen.

...and Yahoo screwed up the formatting after I posted it. Oh well.

It sounds like a programming flaw. The meter tops out at 1,024 milliliters per deciliter before shutting itself off. The 1,024 kilobytes = 1 megabyte. Or maybe it's just a coincidence...

I doubt it. Everyone I know wants into the market but wants to wait for a pullback. That's a signal that a pullback isn't likely in the short term.

Swami is pretty irritating. If USA_citizen isn't on this list I guess that means he moved on to greener pastures. For whatever reason, this board has always attracted more than its fair share of mongoloids.

Do you promise? I'd love for my reinvested dividends and buybacks to go in at a lower price.

"Get yours while you can, jobs are going overseas because of lower labor costs and less government regulations."

And your point? If you want to work at a t-shirt factory 16 hours a day for no pay and live in a polluted slum, move overseas.

Most people seem to be expecting 7-8%, which is in line with the last couple years.

Yeah, I could tune him out or crush him like a bug under my shoe. 6 one way, half a dozen the other.

Complete BS. I can't be bothered to dig up the threads at the moment, but you said you were short in the mid 60's and again in the high 50's if I recall correctly. We'll revisit this topic later.

What a joke. You embrace technicals which occasionally work only because people believe they work, yet you reject the idea that valuation metrics work for the same reasons. I'd love to see your returns vs the S&P 500 over time.

Interestingly, Vanguard published a study a few days ago which shows very low correlations between market valuations and market returns. If it's not a predictive metric, it shouldn't be used to place market bets. I know that this counter-intuitive piece of information will be promptly ignored by those that think they can gain an edge by using the same toolkit as every other investor, which is all the better for me. While everybody is fretting about the "market PE" myth, I'll know that it's a useless metric and figure out what is actually likely to drive returns... in this case it's the Fed, an improving economy, and capitulation from bonds into stocks that will drive returns going forward. The tide will turn eventually. But not yet.

This is indeed an excellent buy and hold stock with many years of solid growth ahead of it. The news that PG is investing heavily in Africa is good news, as I think the potential for economic development on the continent is massive over the next 20 years.

"Yes these stocks can go higher..but all the data point to them being closer to overvalued than to being great buys at these levels...You have no argument to counter that..."

Au contraire, I have a counter-argument to every stupid thing you post on here. We've already discussed why your "model" (i.e. checking Yahoo Finance for the P/E and PEG ratios) is flawed.

"The only reason JNJ and PG are selling for the valuations they are right now is because of the Feds activities not the companies intrinsic value based on revenue and earnings growth."

Again, valuation is relative. Are they bargains now? No, but they were bargains when I bought them 30% lower and I have no problem holding them here. If the E/P (not a typo) for PG and JNJ indicate 5-7% growth and 30 year treasuries are at 3%, then Treasuries prices would need to drop 60-100% before they matched the earnings yield on these two names, or the stocks would have to appreciate another 30-50%, or some combination of the two before bonds become attractive relative to these two names. With the Fed holding rates down and earnings likely to come in ahead of consensus in an improving economy, you can either wait out the rally for your arbitrary entry point, or you can benefit from market conditions as they currently exist.

So you recognized a stock was overpriced in the late 90's. Good for you.

"JNJ is being bought by poeple not caring about valuation becasue the federal reserve has printed so much money and kept interest rates at zero they need a place to go.."

The Fed is not "printing money". That's factually incorrect. There are important distinctions between asset purchases and "printing money", and what nitwits like you always seem to miss is that the Fed has tools to withdraw liquidity and decrease the money supply.

Valuation is ALWAYS relative. As you said yourself, where else is the money going to go for long term return?

Banks? Nope.
Bonds? Nope.
Cash? Nope.
Gold? Nope.
Commodities? Nope.

"Idiots like you are buying into it these stocks not knowing how to value a company..."

Idiots like you are missing the rally, because of short-term worries and some misguided concept of absolute value, as if it's a quantifiable measure handed to man by the divine. It's funny that you're lecturing people about not knowing how to value a company after the hack job you did on the JNJ board singling out the PEG and P/E to the exclusion of all else, as if the brands and net cash on the books are worth $0. You sound like you read Peter Lynch, understood half, and now you think you're an expert at valuation. What a clown.

"If you overpay for something you get what you deserve....."

Apparently I deserve more money.

1.1%. That's VERY low.

So what you're saying is that you missed the rally?