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Abbott Laboratories Message Board

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  • leonmccottry leonmccottry Oct 18, 2012 7:03 AM Flag

    abt cutting 550 jobs....is it good for america???

    I think the simple answer is that if ABT cuts these jobs where many are even from overseas, it allows Abbott to restructure the company in such a way that is now a stronger focus in high skilled and higher level work created within America. Greater number of higher earning jobs available in America is the direction that Obama wishes to see America move towards in an effort to maintain a commanding position in not only today's market, but the market of 10, 50, and even 100 years from today. Personally, I applaud this move by Abbott from an investors point of view, but also expect this to transition into company growth and a healthier America and world.

    Is this good for America? Well, let's just say, "What is good for the goose is good for the gander." So the real question to ask here is: who is the goose and who is the gander?

    I think this one is a Buy and a even a Strong Buy soon.

    Sentiment: Buy

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