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Strategies & Market Trends : Value Investing

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From: E_K_S2/17/2009 6:43:20 PM
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Berkshire Reduces Stakes in J&J, Procter & Gamble (Update1)
bloomberg.com
From the article:"...Warren Buffett’s Berkshire Hathaway Inc. reduced holdings of Johnson & Johnson, the world’s largest maker of health-care products, and Procter & Gamble Co., the biggest consumer products company.

Buffett’s firm cut its holdings of New Brunswick, New Jersey-based Johnson & Johnson by 54 percent to 28.6 million shares in the three months ended Dec. 31, Berkshire said today in a regulatory filing disclosing U.S. equity investments. The stake in Cincinnati-based Procter & Gamble fell by 9 percent...."

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Both companies near their 52wk lows.
finance.yahoo.com

I would not be surprised to see the five year lows reached soon.

EKS
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