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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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tntpal
To: tntpal who wrote (37942)9/26/2021 11:57:49 AM
From: Jacob Snyder2 Recommendations  Read Replies (1) of 44940
 
JNJ: Of it’s 3 divisions, the only one growing is pharma. There is a global movement by governments to force lower drug prices. This is happening in Europe and China, but not yet in the US. When it comes here (our version of Common Prosperity), JNJ will have a much lower PE than the current 25. I will wait to buy pharma till then. The timing on this is uncertain, but the trend is clear. The market is only starting to price this risk in.
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