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Abbott Laboratories Message Board

  • snugly60031 snugly60031 Nov 7, 2004 6:20 PM Flag

    OT: Opinions on Buying BMY Shares?

    Paying over 4% divi, and last earnings beat expectations. Selling close to 52 wk low. Any opinions out there on buying at this level?

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    • Snug-About 10 months ago BMY was one of Spec's picks at $26 it moved up >$30 then crashed.Yield 5% looks attractive but you could lose 10% on price as it looks like any market drop will take it to $20.ABT will surprise some of the hecklers on this MB as I do believe Miles must perform or HSP will make him look bad for spinning it off.I do think ABT will hit $47 in next 90 days.

      • 1 Reply to plutothecat_17
      • ABT at $47? So what? I'm not a heckler; it's just a bad investment in a sector that is down and will not be up for a long time. Buds should get out. I hope it goes up. How many times have I said it.

        Plute, I do not get any pleasure from ABT being down and I pull for Northwestern/Redskins. So does Lib, if you noticed.

        You need to think that over, The General

    • Snug, IMHO...

      NYT Business noted several sectors in the toilet and would never get out. Big pharmas on the edge. Why, Snugly, would anyone buy a pharma when there are some pretty attractive co's you can get relatively cheap? The reason the divy is high is because the co is going nowhere.

      If I had to buy, buy HSP, not the same, but kin.

      Good luck, Persh

 
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