Dear Fellow Fools,I think that my truly favorite stock is Johnson and Johnson (JNJ). After much research I REALLY like like this stock. Here you have an established company that is recording DOUBLE DIGIT growth in their pharamceutical operations and has posted good revenue numbers for this year and has made excellent, yet conservative revenue predictions for next year. This is not a quick profit stock. It is truly a BUY AND HOLD in the finest tradition of THE FOOL. Yes, It is close to its 52 week high, but that is because the market has had GREAT confidence in JNJ. Also keep in mind that this is during a DOWN market cycle.I am confident that this stock will show growth of 10 percent or more in the future out to 15 even 20 years. I also love this stock becuase I use and enjoy their proucts everyday. Who doesnt use their baby powder or shampoo. I only buy what I enjoy and use. My father did business with them years ago and has only had good things to say.I also like the long term prospects for JNJ since the U.S. population is growing older and there will be more need for healthcare and pharaceutical products in the future. BUY THIS STOCK!!!!SincerelyClint Whitetdwnds1@aol.com
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