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Hi everyone,

First post to this board - another lurker.

I opened a DRIP account (I know - another board) with Johnson & Johnson awhile back. Just one share purchase as you have to already own a share to open the DRIP. My thoughts were someday this great company will be more affordable, I'd move in at that time, and hold for the long term.

Recent JNJ traded at such a premium to the market average that I always left it alone. I'm not a strict value trader but I like to think I'm a decent shopper.

The PE is 21.6, yield is 1.97. Share price is finally below $50 (not that this matters much, but it is down almost 25% from $65 about a year ago).

Has anybody been watching JNJ?

Will the slide for JNJ continue? I know there is no answer for this one unless you know the reason behind the fall.

Has the recent Hi-Tech flyers put this old business in the shadows or am I missing something in the company closet?

Call it a value question, contrarian or DRIP

Thanks for any help.
Paul

PS
Thanks Mr Seabreeze for all the great posts. I may take Mr. Howard up on his newsletter trial from the Great White North.
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