Buffett and Johnson & Johnson

Here is a post that was emailed to me about Buffett and Johnson & Johnson (JNJ). It is well worth the read. Here is the first paragraph:

"As of March 31, 2007, Warren Buffett's company, Berkshire Hathaway (BRK.A), reportedly increased its holding in Johnson & Johnson (JNJ) to 48.7 million shares-an increase of 24 million shares in three months. And it's no surprise. Forget Wall Street's earnings, JNJ knows how to generate cash!

Buffett tells us we should look at 4- and 5-year histories to judge the performance of a company and that we should look primarily at the intrinsic value of a company and pay a fair or bargain price. Let's follow the lead of this investing genius:"

You can read the wholepost here.