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?
Business is probably good, but the stock just isn't growing and it's not very interesting. The company has some issues and the stock will probably still go sideways.
I still hold a few shares that I bought a few years ago, but I'm thinking of selling them and buying other stocks.