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Abbott Laboratories Message Board

  • hornmaster69 hornmaster69 Jan 24, 2014 11:02 AM Flag

    Conference Call

    One of the poorest presentations that I have witnessed by both Miles White and Tom Freyman and the written comments to 4th quarter and total year results were even worse. Danced around many operational issues and had no good reason as to why they were bringing into the US $2 Billion (all of the 2014 Cash Flow from foreign operations) and paying US taxes on these funds. It looks on the surface that the reason is to buy back $2Billion (50million shares or 3%) of stock in order to help make 2014 EPS since Freyman made the statement in the conference that no good prospects for M&A activity on the horizon. If these two want any bonus dollars in 2014 than they need to get their act together. Looks like the analysts came away with the same take as I have.

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