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Abbott Laboratories Message Board

  • bman2000 bman2000 Nov 19, 1998 7:38 PM Flag

    Tell me why?

    I have been looking at abt, trying to understand
    what has made this company so successful. I realize
    they spend a huge amount on r@d. They will always have
    generic competition,is it the management or what? Has
    anybody done any research on this? thanks!

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    • I have been with Abbott/TAP many, many years.
      TAP's pipeline is one of the finest I've ever seen and
      Abbott Pharm. is really doing ok. The other divisions of
      Abbott are really pretty much on target. The outlook (as
      we at Abbott are looking at it) is very, very good.
      This is a very strong, steady company and many people
      have been able to retire at 50 or a little thereafter
      and live very comfortably with this stock. Abbott's
      drugs afford many to have generics out on them. This is
      ok. The drugs Abbott has have been very broad
      collectively and cover many disease states. These do well and
      will continue to do well even considering the broad
      markets they are in i.e. cardiovascular, anti-microbial
      etc. Abbott is well worth buying at any price.

37.37May 23 4:02 PMEDT