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Abbott Laboratories Message Board

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  • bman2000 bman2000 Nov 24, 1998 2:37 PM Flag

    Drip 2

    Abt's ave. p/e for the last 15-16 years has been
    around 19.
    Its growth rate in eps has been about
    13.5% last 10 years, and
    around 10% in the last 5
    years. If you use 13% growth going foward for the next 5
    years you get around $2.73, based on value
    line
    prjected earnings of $1.70 in 99.$2.73 times the ave.
    p/e
    of 19= $51.87. IF, abt slips back to its ave.p/e and
    you pay 49$
    for its stock today you compounded
    return is 1.1% for your 5 years. Even if the p/e slips
    to the ave of the s/p your returns
    will be poor.
    Will earnings skyrocket in the next few years?
    If
    your paying $49 today I hope so......

 
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