We'd all like to see 50, but you obviously haven't done your homework.
Compare ABT's 5 yr performance to S&P, DJIA, NASDAQ and ^DRX. It beats them all. I used PFE in the chart reference below.
And, don't forget the equivalent additional $2.60 special dividend from the HSP split (which by now is actually worth $3.08). That adds another 6%.
Whether you acknowledge it or not, this has been a GOOD period for ABT.
Here's the 5 year comparison of ^DRG with S&P, DJIA, NASDAQ and ABT.
ABT up nearly 30%. Everything else down over the period.
The starting point for 'my' five years is FIVE YEARS AGO!!!! I don't control the calendar. Do a little research on your own using a five year moving average. You'll see the same thing!
Some of you just don't get it.... I'm not pumping nor am I dissing ABT. I'm simply trying to show you that all your 'knee jerk' bullsh&T is just that. LOOK AT THE G.D. FACTS!!
Geezz -- are you that damn obstinate?
What makes you think I have the 'inside track'. If you've been around this MB for very long, you know I don't even work for ABT.
I can, however, do something that perhaps eludes you -- research, read, analyze, and conclude.
Try it -- you'll be surprised what you can find.
Seems like you are also adept at reading sarcasm!!! Don't get angry. If I pick the time period and draw a line I can make any company look good!!
The fact is 1999 to 2005; or 2002 to 2005; or 2003 to 2005; or almost any other point you pick - except exactly five years ago right after the stock crashed - have been terrible periods for Abbott shareholders. In fact, you would be very hard pressed to find a period in ABT's history worse that 1999 to 2005.
<..quoted from my other note just posted..>>
-------As of THIS DATE, 5/6/05, the 5 year rate of return for ABT stock is EXACTLY 38.62%.
-------As of THIS DATE, 5/6/05, the 7 year rate of return for ABT stock is EXACTLY 46.85%
-------As of THIS DATE, 5/6/05, the 10 year rate of return for ABT stock is EXACTLY 161.32%
Sorry, you are just plain wrong!
Friends forever in budum, Persh
See B1, WSJ this AM. Lists some websites for revealing fake POW's, heroes, MOH winners etc.
I know a guy here in town that says he was a POW in WWII, I rather doubt it.
I understand your explanation. Lesson learned -- trust your instincts.
BTW, aren't all the other 401K choices in the ABT plan mutual funds? As a general rule, funds all did pretty poorly during 2002/2003. For your own peace of mind, have you actually modeled what would have happened if you had moved the investments?
I would have moved to bonds, bond fund. And probably some cash until the dust cleared.
My chip is that I asked numerous people and the word around the camp is that we are JUST FINE. "NOT!"
ALWAYS trust your instincts, that way no matter what happens, you only have yourself to blame.