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DewDiligence

12/17/18 8:31 AM

#222834 RE: dangerM #222833

JNJ—The sell-off stems from two related issues: a) the potential legal liability; and b) damage to the JNJ brand, which is (still) one of the most highly-valued consumer brands in the world. I don't have an estimate for the magnitude of b), but it's reasonable, IMO, to guess that it could be larger than a).