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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (24548)8/8/2006 10:24:06 AM
From: Wallace Rivers  Read Replies (2) of 78753
 
Considering swapping JNJ for MMM. With JNJ, I've had some good luck trading the stock, and its nearing its year high. MMM is near the bottom of its range, and below the lowest PE in its typical range.
Both high quality companies, this is a reversion to mean idea, both to the upside and downside.
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