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Oh BULL! What Wall St is really saying is this:
WE WANT ABT CHEAP SO WE CAN PROFIT LIKE MAD WHEN THE STOCK RISES AGAIN IN THE summer SEASON.
That is the real reason.
Ask your "Citi" friend. This stock is being sold due to one reason: no confidence in management. Read the cc transcript I alluded to. These analysts, to a man ( and one woman ), clearly gave White's responses very little merit. Indeed, one chap actually used a rather mocking tone. You cannot have a lightning rod such as this in the executive suite. It serves neither employees nor shareholders.
It is a question of confidence, competence, and the quality of executive management. It really is as simple as that. Ditto for J&J, for that matter - although J&J has the luxury of having the venerable "Buffett Backstop," which Abbott will never enjoy, limiting its downside.
INfotech, if you will read my post correctly regarding CITI, you will see that I never posted that I have "CITI" friends. I posted that I personally know people at Citi, and don't recall informing you or anyone else that they are "friends."
But getting back to the core of your post, I can't ask individuals anything when I don't trust them. The people I know who work at Citi cheated are as dumb as dirt. In fact, one of them paid money to have his papers written, because he was too lazy or competent to do it himself. He is now a Citi analyst. Would I ask him anything? NO.
You have been quite histerical last few days.
You should STFU. You are totally, completely discredited on this MB. You post nonsense for years and pump this POS of a stock at the same time proclaiming your "millionaire" status.
A total, absolote disgrace!
Remember what I told you a year ago.
Problem is, you're too limited to learn.
You know Jakstat, you are, imo, a dumb individual. I think my reason is supported by your own actions. You tell me that I am discredited on this board; however, your only gauge is that I like ABT. My return to the board is consistent with my liking for the stock. YOU, on the other hand, are STILL here. As I said last year, people who genuinely dislike a stock or do not believe in it, DO NOT arrive to boards to post. It is that simple. And you continue to criticize ME? Please. I think you are absolutely moronic.
Yes, Jakstat, I do recall our correspondence with one another, You attempted to throw around your Latin terms to intimidate me. Oh yes, I remember your nonsensical blabber. ABT rose to 57 months after that, and it will go it again. I am sorry you have issues with ABT, but I think I deserve much more credit than someone who reappears to a board for a stock of which they OBVIOUSLY disapprove. If you recall, I asked you THEN why you are here. YOU, my friend, are the one who deserves NO respect. Your own actions substantiate my opinion of you, clearly.
agree - wall street could care less about ceo, cfo, bod, janitor, etc. it's all about how to take advantage of the system and make money (and often at the expense of uninformed nervous little guy).