I don't think any small cap has this excellent balance sheet.
$9.5 book value
Receiveable much higher than payable.
A good size inventory.
A good size cash.
Probably, Forbes is short of revenue and it is doing whatever to get some money even if it is publishing some junk news, as long as some hedge funds willing to pay.
Junk media ands for profit media are misleading naive investors. Forb...has joined this group.
Just say China and ABT drops like a rock. Almost all junk medias have discovered this fact and use it daily.
I hope this will change after the earnings on Oct 16 since ABT has been milked enough for infant milk sale in China.
It does not matter if the article is related to ABT, but since it mentions China then ABT goes down.
All democrats should agree on repealing this stupid tax.
If a non-medical device takes 6 months to develop and costs $100k, a similar medical device takes at least 3 years and over $1 million to develop, test and get FDA approval.
Medical companies have low margins and taxing them is really stupid, stupid stupid. It does not matter who is doing it since it is stupid. I disappointed with democrats for only this act and they should correct this law.
I like Obama and democrats but why they want to tax medical devices. Do you know that medical device companies are the ones still here in US instead of China? May be they want to push them out of USA.
While there are many non-medical devices and drugs that should be taxed they go after something that damage economy and Peale in General.
This is the only thing that both parties should agree on.
Why medical devices in first place? Why not do it on cell phones and cars and many other things but leave medical devices alone since it is already very expensive ands time consuming for medical companies. to design something ands approve it with tons of FDA regulations.
ABT has a few of above technology in different fields that will drive a high growth in the future.
No wonder it spun off ABBV that will lose Humera in 2016. I think ABT will be way above ABBV by 2016.
This company cannot be ignored.
Sentiment: Strong Buy
And some investors are putting their heads in the sand.
CRUS management and smart money knew about current events and both took action accodingly. Short interest jumped 10% by May 15 before recent CRUS CC. When CRUS management saw these actions and felt that news has been leaked then it came up with CC on May 21/22 and CRUS price tanked by 20% on May 22. That was the worst scenario that CRUS could reveal to adjust its financial. No company wants to make a trend out of negativity if it is in good position financially. CRUS is not a company with large debt that can go BK to let out negative news step by step to give its big shareholders time to exit. On the other hand, CRUS has zero debt, great cash position, and it is buying back its shares. CRUS revenue is not going down. It needed to adjust its margin and income once to pave the way for future growth. Of course there have been over-reaction to negative news. I don't see any insider selling CRUS shares below $20 in past 2 years. These are all indication that $18 is the bottom and analysts have put the worst scenario for 2014/2015 income. Well, CRUS is trading at PE of 8 for current year and PE of 10 for next year compare to industory PE average of 20. Now, it comes Apple WWDC conf and revealing new products that for sure impact CRUS positively. AAPL is also wants to change negativity around its stock and this the best time and chance to do it.
Bottom line, no matter how some analysts and investors want to spin WWDC event, but there must be great news for AAPL and related stocks to set up this event. This may be a start of new trend for them since most of them have not apaticipated in the recent indexes growth .
AAPL will annpuce new products next week. iRadio is one that helps iPhone sale. I don't know why shorts did not covere today.