After all that paragon of investments wisdom, Morningstar was proclaiming that yes, absolutely ABT's true value is at least $68.
A bunch of naive jackasses quoted that idiocy and were admonishing everybody to "get on the train".
I have witnessed unparalleled stupidity on this MB for so many years now.
ABT has grave problems and it is worth today exactly what the closing price of the day is. If anything, it may go back to mid-30s because of JNJ lawsuit, poor pipeline and management that is willing to overpay for acquisitions that nobody else would have at half of the price that Miles is always eager to pay.
"ABT has grave problems and it is worth today exactly what the closing price of the day is. If anything, it may go back to mid-30s"
So is it worth closing price of about 48 pps or mid-30s pps? What does your valuation say? Please make up your mind.
what you are getting for less than 48 bucks a share is a dairy farm that is going to produce milk to feed your hungry family for years to come.
If you are looking for a fast buck go buy a mortgage reit, then sit by your computer screen watching the share price with your finger on the sell button.
Question: Bought ABT on 8/18/08 at $59.13 on a DRIP,kept holding the stock,collected $3.64 in dividends and reivested them in more ABT. Also had to pay taxes on these dividends. Today ABT closed at $47.84.Now here's the question, am I making any money ?? You can go back further in time,say to 5/16/07 and you'll find the same money making plan working. Investors that have bought and held,don't appear to have done so good. the truth is they have done poorly. Now please inform me as to what is going to reverse this long time trend.
You have no idea pal.
IC the dems (Nancy Pelosi) feel they need to be re-branded (again). They went from being liberals to progressives and now they want to be something else? I guess they don't subscribe to the old axiom 'you can put lipstick on a pig but it's still a pig'.
Meanwhile, the Republicans continue their unholy alliance with organized religion (namely mainstream christianity)which controls it's followers thru fear (guilt and forgiveness) and reward.
No wonder 70% of the american population is taking prescription anti-depressants.
The future of Pharma looks very bright, indeed.
You are the fool. An Absolute one.
OK, OK, It's Christmas time so I will cheer you up Golden boy!
ABT is worth $120/share. Really. As soon as New Year 2011, Santa will bring Golden ABT dividend increas of 267% and on top of this, from January 1 of 2011 ABT value will be incessantly increasing so as to make Golden boy a millionaire.
Now Golden boy, that's my fary tale for you.
Are you a happy golden boy now???