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Contrarian Investing-JNJ?
Using the VW idea, or Phillip Morris, many years ago; I love it when it a large profitable company gets hammered by a Billion dollar settlement. Johnson and Johnson has just moved into that list. $4.8 Billion settlement for selling talcum powder for what, 100 years? Kind of disappointed that today's price is only down 1.30 on light volume. Maybe it's already priced in when it was over 140 a share. Will have to wait and see. Hopefully the MSM will hammer them in the coming days or weeks. I covered the VW idea at length on another web site and was lambasted mainly because a lot of people hated their service and the MSM did all the work for me. They outperformed a hot stock market over 1-1/2 years.
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One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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