Johnson & Johnson: High Quality Business Without The Premium Valuation
Johnson & Johnson (JNJ) has long been a core holding for many investors seeking a stable business with solid growth and of course those that want dividends from their investments. While revenue growth isn't likel to return to >10% on an annual basis over a consistent stretch of years, that doesn't mean that Johnson & Johnson can't deliver solid returns for investors that hold over the long term. Consistent revenue growth in the mid-single digits should be achievable which can still do wonders when purchase at sound valuations.
My primary investment strategy is dividend growth investing. By following the dividend growth strategy the idea is to focus on business quality and buying at sound valuations, but ignore the day-to-day and month-to-month fluctuations in the share price.