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Seansonfire (39.54)

August 2010

Recs

7

Stock Pitch (Dividend): Johnson & Johnson

August 11, 2010 – Comments (4) | RELATED TICKERS: JNJ

Johnson & Johnson (JNJ) has trade down lately due to product recalls because not meeting the FDA guidelines when it comes to dosage size on Children’s products.  The plant that produced the pills will have to undergo a renovation in order to meet FDA production standards, but this is nothing in the face of the size of JNJ, which has a total of 56 US manufacturing plants.  Lost revenue + cost of renovations will not come close to the 10% share price slide ($16 B market Cap) it has undergone since this issue arose.   [more]

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