The Rising Influence of Rising Affluence

[DewDiligence]

KVUE—Is anyone on this board long or considering going long?

KVUE is clearly a thematic stock for this board, according to the statement in this message board's intro box. OTOH, KVUE's projected growth rate of 3-4% through 2025 (see left side of slide 20 at
https://s202.q4cdn.com/991673667/files/doc_financials/2023/q2/Kenvue-Q2-2023-Earnings-Presentation.pdf ) is rather uninspiring on an inflation-adjusted basis.

Moreover, KVUE bears 100% of JNJ’s talc liability outside of the US and Canada (#msg-171839658). While the US is by far the most litigious country in the world, the ex-North America talc liabilities could still be material and are hard to quantify.

Still, KVUE is the world's largest company selling OTC health and personal-care products, a "defensive" business that should have reliable, though modest, long-term prospects. In other words, KVUE could be a good stock for capital preservation with a decent dividend yield.

TIA for any feedback.