Warren Buffet's Berkshire Hathaway Buying Johnson and Johnson, Becton Dickinson

Image via Wikipedia

How many times has Warren Buffett been wrong?  If Buffett is buying Johnson & Johnson, that makes it a buy.  Even with the whole Tylenol fiasco, I think it is oversold.  

Billionaire Warren Buffett's Berkshire Hathaway has been quietly buying shares of Johnson & Johnson, and Becton Dickinson at an astonishing rate.  This endorsement from Omaha, Nebraska's famous billionaire, The Oracle from Omaha, has made these stocks a buy.

Warren Buffett Biography:  The Story of Berkshire Hathaway's Billionaire Chairman

The Snowball:  Warren Buffett and the Business of Life

JNJ at a discount


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Red Hot Somaxon gets even hotter with Proctor & Gamble deal

Image via Wikipedia Red Hot Somaxon Pharmaceuticals is up heavily in trading today. The stock has done extremely well this year and will probably do even better after this deal was made today. Somaxon Pharmaceuticals (SOMX) is trading at 4.34 up 0.97 a 28.78% gain. Earlier today it reached a high of 5.43 before a strong selloff. The stock has been in a heavy downslide trend following it's March FDA approval. Look for things to get a little better after today with increased sales for insomnia medication Silenor