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Abbott Laboratories Message Board

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  • acctwhiz2002 acctwhiz2002 Jul 23, 2009 9:40 PM Flag

    Disappointed

    I have never owned Abbott but bought today. I am 69. If you look at the last ten years, it has been a steady chugger but not an explosive growth stock. Over the past ten years, sales have grown at 8.9% and earnings at 7.8%. I was able to retrieve the dividend payout and they have increased their dividend every year since 1993 and I would not be surprised if it goes back even farther.
    There is a lot of uncertainty in the air about health care and you have to always remember that stocks go up and stocks go down. I viewed this as a good buying opportunity and as someone else as posted: while you wait there is a 3.6% dividend. Pretax profit margins are excellent and return on equity is solid and has been consistently in the high 20% range.

    Patience.

 
ABT
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