Friday, May 15, 2009

Long: JNJ

JNJ Long at 55.10.  Let's face it, we still need some longs to balance all those short positions, and this one should do okay even if the market churns for a few months.

Yield is 3.6% (better than Treasurys) and even if we socialize medicine folks will still need band-aids.  Other products such as heart stents should do okay, too.

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