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Abbott Laboratories Message Board

  • flashcrashcoming flashcrashcoming Oct 17, 2012 5:20 PM Flag

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

     

    ask this to obama.....

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    • since this is yet a capitalist compay where investment cash is needed for companies to stay in business, managements must make decisions as to present and future earnings. management could hire more employees but if earnings dont warrant the costs this will reflect on value of company which sends company in decline.

      if even more employees lose their jobs due to OTHER companies taking advantage of anothers weakened condition, how is THIS beneficial to taxpayers who now must support liabilities of nonworking families, not to mention investment cash lost.

    • as an abt retiree, i can tell you that abt has been laying off workers for many years -- they often keep it hidden and it goes back to Reagan at least

    • how's your "Buy" rating working for you now? abt is a strong sell at these prices...

      Sentiment: Sell

    • 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

 
ABT
41.46+0.60(+1.47%)Oct 20 4:00 PMEDT

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