Wouldn't Pick Up Buffett's Scraps
It is a rare event when Warren Buffett's Berkshire Hathaway (BRK.A) decides to drastically pare back a long-time holding -- and, recently, the firm disclosed it had sold 92.24% of its stake in Johnson & Johnson (JNJ) as of Sept. 30.
Buffett is famous for saying his favorite holding period is "forever." That makes this a major move. A glance at Johnson & Johnson's long-term chart speaks volumes -- the stock now trades slightly lower than it did at their 2005 peak of $70, and it's now almost 5% under its four-year ago high of $72.80....270 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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