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Last March, I wrote that shares of Johnson & Johnson (JNJ) looked cheap. Not a bad call. The stock was around $57 and today it's up to $65. The company just reported very good earnings. J&J earned $1.16 a share (after charges) compared with analysts' forecasts of $1.04. The company now sees 2007 earnings of $4.02 to $4.07 a share, compared with the Street's forecast of $3.90.

By the way, J&J was one of the final stocks cut from my 2007 Buy List.

Posted by edelfenbein at April 17, 2007 11:48 AM