I continue to be impressed with the strength Johnson & Johnson
has been showing of late. The only fly in the ointment is that it's not
a particularly well-balanced strength, as the company's drug business
is really driving the improvements. As ointment-flies go, though, that's
really not so bad and the company continues to see respectable
performance in key categories like cardiology, orthopedics, and surgery.
Johnson & Johnson isn't particularly undervalued today, but
investors should nevertheless be able to expect high single-digit to low
double-digit returns from this point, which is pretty compelling for
investors looking for a quality long-term holding.
Read more here:
http://www.fool.com/investing/general/2013/10/15/johnson-johnson-continues-to-play-to-its-strengths.aspx
No comments:
Post a Comment