Multiply number of shares by $3. Subtract 50% of foreclosure losses, 60% of bankruptcies, percentage of loan defaults due to injuries caused by a Johnson & Johnson or subsidiary product. Hm. Probably looks like Johnson & Johnson crappy products are costing your financial instituation a LOT of money ;o)
Keywords: alex, gorsky, johnson & johnson, jnj, stock, institutional, shareholder, invest
Date Created: 2015, October 22
Why aren't banks pissed at Johnson & Johnson for the massive losses they suffer due to injuries to their customers by Johnson & Johnson and subsidiary products?
Of course, it's easy to calculate gains from JNJ stock. Currently $3 a share (Oct 2015). So, check a spreadsheet and tally the gains from dividends on JNJ stock held by the institution.
It seems JNJ institutional investors are overlooking losses due to injuries caused by a Johnson & Johnson or subsidiary product, which should be deducted from gains from JNJ dividends and share price increases. It was last estimated that 60% of bankruptcy losses plus 50% of foreclosure losses are due to excessive medical expenses.
Well, kids, that's not all ;o)
From what I'm learning through social media, the majority of those injured by a jnj product were functioning, working people with incomes high enough for medical coverage or self-pay. they had mortgages, car loans, disposable income, paid middle- to middle-upper-class taxes. Then they became injured by a Johnson & Johnson product. Foreclosures, bankruptcies, unable to pay on loans, no more income, unable to pay taxes.
And worse, now victims of Johnson & Johnson and subsidiary products are a drain on the economy. They have extreme "unmet medical needs," eh, Alex? Most are accepted for disability and now instead of paying into the tax and healthcare systems, they are now a drain on numerous aspects of the economy.
Johnson & Johnson claims the revenue from these, "unmet medical needs," through self-pay, insurance, medicare, medicaid as income. Either intentionally or unintentionally, they are creating products with high injury rates, selling as many as they can, and calling the revenue from the injuries 'profit'. Literally creating massively inflated income from harming trusting consumers and causing them life-long, horrendous suffering, so jnj can make massive money from these "unmet medical needs." I'm so sorry, shouldn't have gone emotional there.
To recap the points:
Multiply number of jnj shares by $3
Enter 50% of your foreclosure losses
Enter 60% of your bankruptcy losses
So do another step. Start taking a poll of the bank customers that defaulted on loans, auto loans, personal loans, student loans, etc, due to an injury caused by a Johnson & Johnson product. Get a rough percentage and rough total.
Enter rough percentage of your loan defaults.
And, well, just one more step
Consider an estimate in losses from closed funds, savings, CD's, 401K's, etc from individuals that lost their careers due to an injury caused by a jnj product.
Ooops, this is the last one, really
Consider the loss of money going into supporting small businesses, and so on....
Do you get the point yet?
So, come up with the numbers related to losses due to excessive medical debt, lost revenue due to defaults and lost revenue due to loss of disposable income for permanently disabled Johnson & Johnson victims and compare to your coveted JNJ $3 a share.
JNJ is costing you money, sucking consumers dry so they have nothing for the banks ;o)
And you idiots are all giddy with glee over dividends of $3 a share? What? Really?
While jnj has been silently sinking your ass ;o)
Wow, that's funny!
Before the cost of healthcare eats up the entire average American paycheck, you kids really ought to do something, because pretty soon there won't be anything left for your debtors to give you, and all you get is $3 a share ;o)
1. NASDAQ Data (Updated Quarterly). Johnson & Johnson Dividend Date & History NASDAQ. Retrieved from http://www.nasdaq.com/symbol/jnj/dividend-history
2. ConsumerAffairs (2005, February 3). Medical Bills Leading Cause of Bankruptcy, Harvard Study Finds Consumer Affairs. Retrieved from http://www.consumeraffairs.com/news04/2005/bankruptcy_study.html
3. Marlys Harris (2010, January 25). Foreclosure: It's Not Just about the Mortgage CBSNews. Retrieved from http://www.cbsnews.com/8301-505145_162-38140519/foreclosure-its-not-just-about-the-mortgage/
4. David Futrelle (2012, March 23). Will the Cost of Health Insurance Eventually Eat Up Your Entire Paycheck? Study Says Yes. TIME. Retrieved from http://business.time.com/2012/03/23/will-the-cost-of-health-insurance-eventually-eat-up-your-entire-paycheck-study-says-yes/