(07-19-2019, 10:20 AM)Otter Wrote:(07-19-2019, 09:51 AM)fenders53 Wrote: It was my largest holding for 20 years. I lightened up when it was in the high 140s. I've sold a lot of puts and covered calls the past year and it has worked out very well. As long as you don't make a long-term bet against JNJ it's been hard to lose. I think fall may be a rough ride though. Attorneys, politicians and the media will keep a lid on the SP for some time IMO.
I will happily add more to my holdings if the yield jumps over 3%
I won't be surprised if you get your chance. 14,000 separate talc cases alone Something has gotta give as that alone would clog up most of the higher courts in the US. I'm not trying to discourage anyone, but this could be messy for a good while.