Johnson & Johnson: A Good Long-Term Buy - Eddy Elfenbein

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Johnson & Johnson: A Good Long-Term Buy
Apr 16, 2008 06:38 AM UTC

Eddy Elfenbein

Return	Risk
+9.97%	MID

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Symbol	Sentiment	Start	Return	Closed
JNJ		04/16/08	+8.70%	08/18/08

Via Long Investment Ideas from Seeking Alpha:

A small bit of evidence against a broad-based slowdown came yesterday with Johnson & Johnson’s (JNJ) earnings. For the first quarter, the company earned $1.26 a share, which beat the Street’s estimates by six cents a share.

The
company said it expects 2008 EPS of $4.40 to $4.45. That’s a penny a
share higher on both the high and low ends. I’m not sure if that
qualifies as “guiding higher,” but there you are.

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