12-15-2018, 10:04 AM
Thanks for posting that. I had read of the huge awards this summer. I was unaware they had been accused of knowiing there was an issue for 40 years. I guess there are about 12,000 lawsuits filed against JNJ including the artificial hip problem which is about 8,000 litigants. That's an outrageous volume, and the awards get more ludicrous each year. It's not just JNJ being sued of course. It's not too hard to figure out why wonder why medical costs are soaring. I don't suggest negligence or criminal acts go unpunished at all, but this is out of hand and not good for the consumer or the stockholders.
I expect JNJ may go down a bit more this week before it settles out. I'd like to think the free fall is about over. Dividend increases will probably be stingy for a few years. I'll be paying closer attention to earnings estimates and associated one time charges.
I expect JNJ may go down a bit more this week before it settles out. I'd like to think the free fall is about over. Dividend increases will probably be stingy for a few years. I'll be paying closer attention to earnings estimates and associated one time charges.