This stock seems to be a favorite of mutual funds. I still believe this stock will be a 40-42 dollar post split. Still on all the down days ABT has managed to hold the $70-72 range. Not being a tech this to me says that's very positive. We're still 19 days to split. Bet we'll hit in the high 70's by the 25th. This is only a guess. (maybe more hope than guess) Also remember the drugs stocks are off their highs. Some down 10%+ ABT down 6-7% Remember drugs are not a favorite sector now. When we are expect a 15% rise. My tech's and Telco's are out of favor, heck all my stocks are out of favor today. Long run they go up more than they come down.
Do you think that Abbott could get rid of one of its divisions so as to make acquisitions in another one? As of today DuPont is looking to spin off Cononco and use the cash to move more strongly into life sciences, specifically neutriceuticals which is what Ross is concentrated in.
This is all strictly speculation but it does seem to be a good fit.
Might be more willing to spin off brands than the division. Packaged goods brands not as profitable as nutritionals. Despite recent problems and declining monopoly position, nutritionals still turn a nice buck. Be hard to replace that level of profit volume (although may beat on a % basis) thru an aquisition.