FGH

JNJ Still Solid - Buffett or No Buffett

Jae Jun offers a lucid insight into JNJ here. Following whales like Kirkorian, Ichan, Pickens and Buffet, et al, has been no help during these times and even disasterous for those who drank their kool-aid. Remember only 12 months ago when Ichan was hot to buyout now bankrupt WCI at $21...great idea! How about Pickens' oil call...and his wind farm blather. Contarian indicators in retrospect. So Buffet folded out of JNJ equity in favor of GE debt...maybe he's the patsy.