Shares of $JNJ fell 4% today after a US judge rejected Johnson & Johnson's proposal to settle tens of thousands of lawsuits for $10 billion. I don't have $JNJ stock in my portfolio and I certainly won't be buying it, because its growth is lousy and the business isn't doing very well either.
Does it make sense for anyone else to invest in $JNJ?
Great business and with a P/E of 20 it's really cheap. We'll see what the stock reaction is tomorrow.