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Abbott Laboratories Message Board

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  • ramimd ramimd May 1, 2009 11:07 PM Flag

    My new thoughts on Abbott

    Bought today at $41.30, valuations are too attractive to ignore here...any further stress on the stock is technical and short-term and will encounter a sharp reversal due to underlying fundumentals. It is like people who were selling their IBM stock for $70 in March...stock now trading at $105....

    The underlying growth story is very intact. Population is aging, pipeline is one of strongest around, stent business booming...

    Hard to catch the exact bottom but when you feel you are likely 5% from the next years bottom and 20% from the next years high it time to buy.

    My conservative targets:
    1 month: $45
    3 month: $48
    1 year: $51
    for a 25% 1 year return + 4% dividend

42.29-0.04(-0.09%)Sep 28 4:00 PMEDT