What's $70M Worth to Johnson & Johnson (JNJ)? Not as Much as You Think
Get Alerts JNJ Hot Sheet
Price: $158.49 +0.34%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3%
EPS Growth %: -1.9%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 3%
EPS Growth %: -1.9%
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How much is $70 million worth in Johnson & Johnson (NYSE: JNJ) stock terms?
About 0.3 percent. Maybe less.
Following an announcement that the maker of baby oil, Lactaid, and Concerta, will pay a smidge over $70 million to settle a Foreign Corrupt Practices Act (FCPA) investigation with the U.S. Securities and Exchange Commission, the stock dropped from $59.73 to $59.55, about a 0.3 percent drop.
Johnson & Johnson boasts a market cap that currently exceeds $162 billion dollars, making the $70 million equivalent to about 0.004%.
The equivalent percentage for the average American, pre-recession, with a nice income of $44,000/year, is the purchase of (post-tax) possibly three Blu-ray DVDs, or half a car payment, or a really (read: decent) set of ear buds.
Welcome to Friday.
Shares eventually recovered, and the stock is trading up about 0.2 percent.
About 0.3 percent. Maybe less.
Following an announcement that the maker of baby oil, Lactaid, and Concerta, will pay a smidge over $70 million to settle a Foreign Corrupt Practices Act (FCPA) investigation with the U.S. Securities and Exchange Commission, the stock dropped from $59.73 to $59.55, about a 0.3 percent drop.
Johnson & Johnson boasts a market cap that currently exceeds $162 billion dollars, making the $70 million equivalent to about 0.004%.
The equivalent percentage for the average American, pre-recession, with a nice income of $44,000/year, is the purchase of (post-tax) possibly three Blu-ray DVDs, or half a car payment, or a really (read: decent) set of ear buds.
Welcome to Friday.
Shares eventually recovered, and the stock is trading up about 0.2 percent.
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