tag:blogger.com,1999:blog-6587699706949333863.post7621443409965870082..comments2024-03-27T23:39:33.499-05:00Comments on Passive Income Pursuit: Johnson and Johnson Dividend Stock AnalysisPassive Income Pursuithttp://www.blogger.com/profile/13947101854482544346noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6587699706949333863.post-87681166890105844412013-05-11T02:46:33.612-05:002013-05-11T02:46:33.612-05:00Agree, there's no question that investors are ...Agree, there's no question that investors are enthusiastic about JNJ for a lot of reasons. New products and potentially fewer headaches are reasons to explain why the stock is doing what it's doing.<br /><br /> <a href="http://www.dividendinvestor.com/" rel="nofollow">dividend stocks</a> Anonymoushttps://www.blogger.com/profile/08165843028099303428noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-7546089197186375692013-04-08T07:43:56.130-05:002013-04-08T07:43:56.130-05:00CI,
I should have and will probably be kicking m...CI, <br /><br />I should have and will probably be kicking myself for years to come as the DG just continues to march on for them. I'd love some to see sub-$70 but that will probably take a huge market pullback or another recall issue. But if the recall issue pops up again then we'd have to reconsider whether they are truly non-recurring issues.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-27289940938100685152013-04-08T07:42:00.814-05:002013-04-08T07:42:00.814-05:00Integrator,
Unfortunately EPS growth has slowed,...Integrator, <br /><br />Unfortunately EPS growth has slowed, but the FCF payout ratio is still only 50% which I think is a more telling number. The growth is also limited by the fact that they are a ridiculously huge mega-cap company and it's hard to continue growing at a 10%+ rate. If they can keep up around 5% organic growth EPS will growth around 7% which I think is still a fine number and will lead to pretty solid DG and total returns.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-44005602092671836582013-04-08T07:29:03.759-05:002013-04-08T07:29:03.759-05:00Martin,
I should have picked some up then and I&...Martin, <br /><br />I should have picked some up then and I'm annoyed I didn't pick up more PG in the low $60's. Of course I didn't think the markets would go pretty much straight up to start the year killing a lot of the value plays.<br /><br />You're set up for some very good total returns on those shares at $58. <br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-21119275690382624182013-04-08T07:27:05.453-05:002013-04-08T07:27:05.453-05:00@Martin - Yeah I really wanted to buy some but nev...@Martin - Yeah I really wanted to buy some but never pulled the trigger. It was too early in my DG investing experience to realize that this isn't really that big of an issue. Oh well, less learned. Hopefully there will be another chance to get in at some good prices. <br /><br />@DGI - I don't think it's a steal, but it's still at a good valuation. I'm hoping to pick some up sub-$80. Of course it could be awhile before that happens. If it hangs out here for another week or so I'll probably start a position and just add to it as Mr. Market allows.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-68131088257622705382013-04-06T20:47:46.852-05:002013-04-06T20:47:46.852-05:00I like JNJ, and I did include back the one-time co...I like JNJ, and I did include back the one-time costs. That's why I believe the company is attractively valued today. I recently added to JNJ.Dividend Growth Investorhttp://www.dividendgrowthinvestor.com/noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-85358499953358925752013-04-06T09:41:07.363-05:002013-04-06T09:41:07.363-05:00JNJ has been a fantastic holding for me the past f...JNJ has been a fantastic holding for me the past few years. The payout ratio is actually very reasonable if you exclude non-recurring items. Glad I increased this position last year, but wish I would have bought more sub 70!Compounding Incomehttps://www.blogger.com/profile/04207986983526689578noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-41535797680066527052013-04-06T07:06:22.506-05:002013-04-06T07:06:22.506-05:00I have been invested in JNJ before, and really adm...I have been invested in JNJ before, and really admire the business. I'm a little concerned with how high the payout ratio is and the fact that dividend growth and earnings have been slowing (possibly both affected by recalls). They are also in the midst of quite a significant pivot into the medical devices area with Synthes. It will be interesting to see how that plays out. Integratorhttp://financiallyintegrated.comnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-2215826786229938252013-04-06T00:38:20.097-05:002013-04-06T00:38:20.097-05:00I understand your concern in regards to those reca...I understand your concern in regards to those recalls, but I was kicking my butt around convincing myself: "Look the company ha a very wide moat, these few recalls won't bankrupt it, take advantage of those who are panicking and overreacting..." And I did and added more shares at a great price!Martinhttp://www.hellosuckers.netnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-7047561144673614352013-04-06T00:35:46.664-05:002013-04-06T00:35:46.664-05:00Thanks for your analysis. It confirms my numbers t...Thanks for your analysis. It confirms my numbers that the company is now too high and there was no correction at all. Just a straight run up. But I believe it will correct some day and then I will add more shares into my portfolio. I own JNJ in my ROTH account. I bought it at 58 a share so I am totally in positive numbers. When I include dividends I made killing on this stock.Martinhttp://www.hellosuckers.netnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-39252678522285219652013-04-04T14:53:36.482-05:002013-04-04T14:53:36.482-05:00W2R,
If it happens to get back into the $60'...W2R, <br /><br />If it happens to get back into the $60's I'll be buying pretty heavily, although I don't see that coming. Hopefully mid $70-s if the ever-elusive correction ever does actually show up.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-88931036146418465432013-04-04T14:52:41.109-05:002013-04-04T14:52:41.109-05:00MyFIJ,
I can't believe that I didn't pur...MyFIJ, <br /><br />I can't believe that I didn't purchase any before. I got wrapped up in the recall issues and was anxious to research other companies instead of revisiting JNJ. If it dips under $80 I'll probably pick up some shares. I was going to earlier this year, I think late January or early February, and wanted a bit of a pullback. And of course it's gone well up since then.<br /><br />I'd say it's on the higher end of fair value, but they're a great company so I'll pay a premium for to start a position.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-58487148838104850452013-04-04T12:31:05.655-05:002013-04-04T12:31:05.655-05:00Nice work on the analysis JC! I am a fan of JNJ as...Nice work on the analysis JC! I am a fan of JNJ as a company, but feel they are just a bit too rich for my blood at the moment. With a pullback, it would definitely be a company I put money into.writing2realityhttp://www.writeyourownreality.comnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-16889716188088283182013-04-04T08:02:22.883-05:002013-04-04T08:02:22.883-05:00J&J has been good to me so far. I agree with ...J&J has been good to me so far. I agree with your analysis. It's a bit overvalued at the moment, which is sad, because I'd like to grab up some more.My Financial Independence Journeyhttp://www.myfijourney.comnoreply@blogger.com