Summary
- Johnson & Johnson has steadily performed during every economic cycle.
- The company is one of two with a AAA credit rating.
- Johnson & Johnson is finding ways to grow despite its massive size.
- We conclude why I believe JNJ is a buy based on yield and DCF value.
Johnson & Johnson (JNJ) has been in my portfolio for the past few years as a blue chip heavyweight cornerstone type of investment. Despite being a mega cap company with over $81 billion in 2018 revenues, the company still manages to grow its top line every year. With the strongest credit rating available, shareholder-friendly management, and active portfolio management, the company will continue to grow revenues and profits. Investors should be able to continue to expect steady returns that will drive long-term capital appreciation to their investment.
Johnson & Johnson Steady As She Goes
J&J has offered steady performance to investors for decades. While its large growth days are in the past, it still continues to grow its business. In the last quarter, JNJ beat on both the top and bottom lines.
