donzoab

Johnson & Johnson: A Buy on Early Expansion Weakness

First, you had your chance at the $49 price target. Without a very large market selloff you won't see that price again
Second, management in public companies buy back stock when their options are coming up. This pushes the price per share up so they can maximize their profits. Why else would they be buying stock at the top of the market when they could be using this cash to fund more acquisitions to build out their pipelines. A thourough analysis of this behavior across the market is warrented.
I think your price targe is accurate though. Add the dividend over the next 4-5 years and this is as safe and solid a return as you can hope for.