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Abbott Laboratories Message Board

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  • jak.stat jak.stat May 20, 2010 5:52 PM Flag

    Unbelievable POS stock!

    JNJ, the company with notorious FDA and manufacturing problems was down today 2.68% and in rebounded in after hours trading.

    This POS ABT was down again 3.05% and DOWN again in after hours.

    It is a POS of a stock and I have been telling you this for more than 3 years.

    I would not buy it ever.

    Student, you are one of the few wise voices here, but that is not a surprise to me. I always respected your views and it goes 10 years back to the good old days.

    Most others here know nothing.


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    • jak. it pains me that abt has fallen into the situation before you today. I have many friends working there and spent 17 years working for abt but I cannot deny the facts. abt is a shell of what is once was and I don't see when a turn-around might come. If the stock gets down to the mid 30's, I might buy some as a trading vehicle but I long ago divested any serious commitment to the stock--serious for me at least.

      I believe that many of the people on this board are looking at the "good old days". For their sake, I hope they are right but I remain cautious.

      Good luck to all.

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