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Strategies & Market Trends : Value Investing
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To: Wallace Rivers who wrote (24553)8/8/2006 11:14:07 PM
From: Spekulatius  Read Replies (2) of 78757
 
JNJ, MMM
Considering swapping JNJ for MMM. . I have been thinking the same thing. I sold about 40% of my position (which resided in an IRA) today . Rationale is reversal to the mean -JNJ is up 10% up since i bought it, while most peers are down.

My big concern is that both devices and pharma may have trouble to grow - my plan is to put proceeds into something like GE or MDT which are trading near the lower limit of their LT valuation range. MMM is not yet a choice but i'll have a 2nd look. In any case i'll continue to hold 60% of my JNJ position in my taxable account.
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