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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (27476)	7/27/2007 4:25:39 PM
From: E_K_S	Read Replies (2) \| Respond to of 78628

I added a few more shares of JnJ at the close ($59.75). It hit a 52wk low on today's close. Warren Buffet has been accumulating this stock with an average price around $61. (fair value for JnJ is $107/share according to gurufocus.com) gurufocus.com Also, JnJ announced a $10 billion stock buy back earlier this month. usatoday.com From the article:"...J&J, the world's largest maker of health care products, will use a combination of cash and debt to fund a $10 billion repurchase program..." Hopefully, the bottom is in and when earnings are released in August, it will start a slow and steady rise to $107 in a few years. Disclosure: With today's purchase, JnJ made my #10 position in my top ten holdings in the taxable portfolio. EKS