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Abbott Laboratories Message Board

  • divielover divielover Mar 29, 2010 9:43 AM Flag

    Why does ABT keep sliding?

    Why does ABT seem to keep sliding? I would expect them to be growing. Any insight please.



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    • The management in control of department 860 are bringing the company down, not only at work but also out on the streets. It is only a matter of time until the bigwigs catch wind of it. I work in department 854 in the same building and it is unbelievable the amount of tension in this building. Alot of grey hair and nail biting. But the stock is at a good price to buy in right now.

    • Heh, heh, heh....

      You, rather inarticulately posted your question more than a month ago when the PIG was some 10% higher.
      You asked obliquely "Why does ABT seem to keep sliding?"

      First, there is nothing "seeming" about it.

      It is conspicuously, manifestly obvious that ABT is tanking.

      Second, since you invited commentary as to this mysterious to you phenomenon, I will answer it in good old American vernacular (although I am not American):

      ABT is a SH*TTY STOCK.

    • As the Euros declines so does the value of Abt European revenues.

    • More sellers than buyers.

      Seriously, the ANALysts and traders like to smack stocks around every now and then, so they can make money shorting it and then buying it back.

    • "Why does ABT seem to keep sliding? I would expect them to be growing. Any insight please."

      They keep printing out bad news last few weeks that drags the stock down, beginning with "Abbott's TriCor Underperforms in Diabetes Test"

      Just today "Astra, Abbott combo heart drug dealt FDA setback" These things dont help and luckily it is a highly thought-of stock or it would be pushed down much further.

      Im hoping the positives of the stock shine through and its lowered stock price starts attracting more investors.

    • goldinvestmentmanagement goldinvestmentmanagement Mar 31, 2010 12:24 AM Flag

      Abbott has increased
      its dividend payout for 37
      consecutive years, including an 11
      per cent increase earlier this year,
      and was named a top dividend
      stock in Fortune and The Wall
      Street Journal. Additionally, Abbott
      is a member of the S&P 500
      Dividend Aristocrats Index, which
      tracks companies that have annually
      increased their dividend for
      25 consecutive years. Compared
      to the S&P 500, Abbott is cheaper,
      faster growing, higher yielding and
      far more stable, and has significantly
      outperformed the S&P 500
      over the medium and long term.

      Forget the day to day!

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