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.
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 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.
Junk media ands for profit media are misleading naive investors. Forb...has joined this group.
All democrats should agree on repealing this stupid tax.
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.
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.
It does not matter if the article is related to ABT, but since it mentions China then ABT goes down.
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.
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.