What a shock. ABT underperforms again. And this in a week where Heinz is performing pitifully. Wait until he has a good week. ABT will tumble. I e-mailed a friend and told him that Bush should use Heinz's line about "I voted for the $87 billion before I voted against it" in an ad. Heinz said it two days ago and Bush already has incorporated that in to an ad. Very good. The "Right wing attack machine" is playing hardball and he will knuckle under.
I disagree with Booker. A 2.5% dividend isn't worth anything if you surrender 20% of your capital to get it. You guys can chart and analyze ABT all you want. The bottom line is that the only benchmark that matters is how it does in relation to other things you could put the money in. Right now, almost anything else is doing better. Of course, this will change at some point down the road. But who knows when? And who wants to be at the mercy of the politicians? And how much capital do you surrender waiting? Watched "Squawk Box" this morning and they spent 20 minutes talking about drug importation. The Republican governor of Minnesota is in favor of it. I just can't see ABT outperforming. In line performance at best with huge downside given bad political outcomes.
Let's hope the Pakistani's really do have Bin Laden's second in command trapped. But I'm skeptical. I'll believe it when I see it. Wouldn't it be sweet if Osama happened to be with him? No point wishing for everything to go right at once.
Go ABT. Overcome the headwinds. Do it for Snugly, Plute, P.C. and G.L.