12-14-2018, 10:54 AM
I love JNJ - one of my favorite and most reliable holdings. Am interested in adding more if it drops back down to around $128. Any time JNJ's yield creeps to near 3% flashes a strong buy signal for me.
Also hold a small position in GIS, but not looking to add more. They hugely overpaid (and added tons of debt) for the Blue Buffalo acquisition, and their BBB credit rating reflects it. Dividend frozen at $0.49 quarterly for 7 quarters now, and the payout ratio is over 72%. They will have to execute flawlessly in a very competitive space just to sustain the current dividend.
Also hold a small position in GIS, but not looking to add more. They hugely overpaid (and added tons of debt) for the Blue Buffalo acquisition, and their BBB credit rating reflects it. Dividend frozen at $0.49 quarterly for 7 quarters now, and the payout ratio is over 72%. They will have to execute flawlessly in a very competitive space just to sustain the current dividend.