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.
All US multinationals have a very high % of their businesses generated from Europe. ABT has about the same % coming out of Europe. If anything, I would think ABT will be better able to increase their prices there to compensate the drop of the Euro.
"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.
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!