Talc lawsuits - Johnson & Johnson?

[ripvanwinkle]

I own some Johnson & Johnson stock. On my way home last Friday I heard a market analysis wonk reviewing the markets. One of the stories was about a April story that Johnson & Johnson was asking a judge to move any state-court litigation transferred to a federal court. Although the JnJ supplier Imerys Talc America hasn't filed for bankruptcy yet, this will affect the stock.

Whats anyone's stand on owning JnJ now? I see I see it's still rated as a "Buy".

[gacpa]

I own some JNJ also.  Not much.  My mom owns a whopping 1,600 shares.  I honestly don't think litigation will affect the stock as a long term buy.  The days ahead will be rocky I am betting.

[nittanycheme]

You probably own more than you think since quite a few funds own JnJ stock, its in the DOW and S&P 500.  

[gacpa]

You are right.  Most of our assets are in mutual funds so I am sure JNJ is a factor in those shares.

[kadee79]

Have you read this?....


uk.reuters.com/article/us-usa-opioids-litigation-oklahoma/oklahoma-seeks-to-hold-jj-responsible-for-opioid-crisis-as-trial-ends-idUKKCN1UA0X0?feedType=RSS&feedName=healthNews

[architecto25]

Kadee, your knowledge of the market goings-on has impressed me for a very long time.

I think your posting this ….. takes the cake.

Arch.

[kadee79]

Thank you Arch...I just do a LOT of reading every day.  Right now I can't get out & work in flower beds & no veggies this year at all...so it's reading on the net & a lot of times it's those articles in the "small print" that may have the biggest impact.

[Value Buy]

Good earnings report, but also talks about the talc and opiod court cases

www.cnbc.com/2019/07/16/johnson-johnson-q2-2019-earnings.html