Hi Paul -
Re: Johnson & Johnson (JNJ)
My Drug Company watch list was looking interesting today. Specifically MRK under $30.00/share may present a good buying opportunity. I added JNJ to the list based on your post. I pretty much stopped watching it since they have had so many quality production issues. My last transaction was 12/2009 where I closed out my position at $64.00/share.
Buffet still maintains his holdings in the company w/ the 4th largest individual position.
Johnson & Johnson (JNJ) Stock Holdings Summary (Ownership)
As of 12/31/2010
nasdaq.com
STATE STREET CORP 12/31/2010 138,223,181 2,619,253 1.93% $8,083,292
VANGUARD GROUP INC 12/31/2010 103,063,329 (409,900) (0.40%) $6,027,143
BARCLAYS GLOBAL INVE... 12/31/2010 70,860,571 1,126,303 1.62% $4,143,926
BERKSHIRE HATHAWAY I... 12/31/2010 42,624,563 0 0.00% $2,492,684
BANK OF NEW YORK MEL... 12/31/2010 40,847,705 248,680 0.61% $2,388,774
FWIW, "Value Cruncher" ( valuecruncher.com ) has a value of $86.84/share for Johnson & Johnson (JNJ). Is the stock really 48% undervalued? ( I doubt it).
EKS |
