udirtyrat

Johnson & Johnson Profit-Taking Likely, Offering Better Entry Point

The question is...What better price? Just because what happened in the past doesn't necessarily mean the future is foretold. Energy is dead, for now, financials are stable but unsure and tech is a wash. You got anywhere else that's this safe? I didn't think so.
You could argue that for the last 5 years everyone was on the oil bandwagon or "short" run that JNJ wasn't on anyone's screen. JNJ is probably the best run company in the entire market. The cash flow is HALF of their outstanding debt and if they use just a bit of that to rid itself of that overhang, what little it is, then the stock will be another 10% higher from these highs. Nope...your argument is off base and this is where the price should be.