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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (76555)	2/25/2000 5:23:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Marcher, First, I love JNJ and it is a stock I often own in my cap app portfolio. However, the growth has been miniscule for the past 5 years while the valuation has been insane. The valuation has declined and I like it as a value stock. However, I am postponing any serious buying in this area until the drug plan either gets passed or fails in Congress. 24 times looks cheap relative to other stocks, but expensive compared to the 12 times the stock was selling at during the Billary fiasco.