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Abbott Laboratories Message Board

chickenguy_nc 233 posts  |  Last Activity: 3 hours ago Member since: Oct 5, 1999
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  • chickenguy_nc by chickenguy_nc 3 hours ago Flag

    There are links on the RF page to something called Regions Financial Tower, in West Palm Beach. But it doesn't sound like it has anything to do with RF. Anybody know for sure? If it doesn't have anything to do with RF, why isn't the name copyrighted?

  • Reply to

    This cannabis stock looks ready for a breakout

    by nedutafewiz Dec 17, 2014 3:30 AM
    chickenguy_nc chickenguy_nc Dec 17, 2014 4:17 PM Flag

    Just sayin' -- no.

  • Reply to

    Oil Strangeness

    by chickenguy_nc Dec 15, 2014 3:28 PM
    chickenguy_nc chickenguy_nc Dec 16, 2014 9:00 AM Flag

    A bit more research has allowed me to answer my own questions. If you do a search on "crude oil production cost by country" you'll find that the OPEC countries costs are by far the lowest in the world, about half those for US producers. As oil prices fall, OPEC makes less, but still makes money, while other countries will have to stop producing or produce at a loss. So, there's no reason for OPEC to cut production. They know that basic financial considerations will force others to cut production. Supply -- Demand -- and cost of production. There won't be any need to "store" excess, because there won't be any. Now I can get on with my Christmas shopping.

  • chickenguy_nc by chickenguy_nc Dec 15, 2014 3:28 PM Flag

    OPEC has announced that it won't cut production despite a growing oversupply. Here's what I find strange about that. There's no place to put the excess. There are no storage facilities for crude oil, as far as I know, and we're talking about millions of barrels. The entire oil-to-fuel industry is one, continuous flow, which operates at near capacity, which is equal to consumption. From in the ground to a pipeline to a tanker to a pipeline to a refinery to a pipeline to a truck or train to the consumer. So what happens if the well-to-pipeline supply exceeds consumption? I'm finding this situation hard to comprehend. Unlike the rest of the world situation, which I fully understand. That'll be the day.

  • Reply to

    My thoughts on the coming year

    by shaggy_21666 Dec 13, 2014 11:56 PM
    chickenguy_nc chickenguy_nc Dec 14, 2014 9:48 AM Flag

    Shaggy, I've been trying to figure out the connection between crude oil prices (falling) and the stock market (falling). I've not found an explanation that makes sense so far, other than the forecast that long term demand for energy is down, which signals contracting economies world wide. It's starting to look to me as if the bull market has run out of energy and is looking for a reason to switch to bear mode. As primarily an income investor, I'm sufficiently invested in energy stocks, also heavy in pharmaceuticals. At present, the only position I'm building is in WPC, a triple-net REIT with world wide holdings.

    I'm expecting a 10% broad market pull back, wouldn't be surprised by 20%. At present levels, stocks aren't terribly overpriced, based on PE levels. But, if economies start to contract, E will fall, PE will rise, and selling will begin.

    Two years ago, when we had to start taking IRA distributions, we turned them over to a management group recommended by our Fidelity office. At our request, they're turning our entire IRA holding into individual bonds, which balances the stock portfolio I still manage. So far, they've hit the target of maintaining or growing portfolio value while paying out the distributions and their 0.5% annual fee. Of course, as we age, the distributions grow and the value will inevitably fall. But, because we don't need the distributions to meet expenses, we pay the taxes and reinvest the balance.

    Don't know where you are on the age-retirement curve, but you might want to start developing a strategy for building a fixed-income holding. I found it much harder than equity investing. The bond market is not set up for individuals. Funds are one way, I prefer the individual manager approach - but you have to have an account worth $500K or more to go that route.

    Hope the coming year or several years will not be too turbulent, but not optimistic. Good returns to all.

  • Reply to

    ANYONE BUYING MON MORNING ?

    by hawkeyes55555 Dec 6, 2014 11:38 PM
    chickenguy_nc chickenguy_nc Dec 8, 2014 10:50 PM Flag

    Answer to first question: Yes, anyone was buying Monday morning - and anyone was selling Monday afternoon? Answer to second question: Yes, this has a chance to run up to $11 - or more- or less. Answer to third question: Here's a thought. Maybe you should find something to post that's more interesting than your usual pointless questions. Like, tell us what you would have done if everybody on the RF board - all three of us who aren't spammers or an idiot - had said YES, YES, BUY.

  • chickenguy_nc chickenguy_nc Dec 2, 2014 4:37 PM Flag

    Are you concerned at all about Ford's decision to convert the F-150 from steel to aluminum? I've lived out pick-up country for a long time, and I'm not sure brand loyalty will keep the good old boys from switching. Anybody who can remember how hard it was to crush a steel soda can, compared with how easy it is to crush an aluminum one, will be worried about the strength and durability of an aluminum truck body. Won't it make it harder to do body work repairs? I think most shops don't have capability to weld aluminum, and will it require different paint mixes? I don't have any hard information on the subject, but for a company to make such a drastic move with its best known product is certainly high risk.

  • Reply to

    is it a good time to buy

    by barfrausa Nov 28, 2014 10:33 AM
    chickenguy_nc chickenguy_nc Nov 28, 2014 11:11 AM Flag

    If you want to hold it for income, it's an okay entry point. It certainly can stay this low, and it can go into the low or mid-80s. It has fluctuated around this level for a bit more than 2 years. Despite it's size, XOM doesn't control the global oil economy. It's not a short term growth stock. In my opinion, it's a value/income holding, so whether it's a good time to buy depends on what you need in your portfolio.

  • Reply to

    XOM Dividend CUT OR SUSPENSION?

    by allgamachee303 Nov 28, 2014 6:27 AM
    chickenguy_nc chickenguy_nc Nov 28, 2014 10:18 AM Flag

    The payout ratio is only 38%. They can absorb this temporary fall in earnings and still increase the dividend with no problem. XOM is neither fat nor bloated. It's a great company for a long-term hold in an income account. And this is a buying opportunity for those who want to start a position. I have one already, so I'll just hold.

    Sentiment: Hold

  • chickenguy_nc chickenguy_nc Nov 20, 2014 1:44 PM Flag

    Hope they're running. You know, you could have asked the board's fauxMBA to manage your account while you're off fishing. And you could stand out in the water and cast up onto the beach. Equally good ideas.

  • Reply to

    This company is a massive failure.

    by wftglo Nov 17, 2014 10:22 AM
    chickenguy_nc chickenguy_nc Nov 17, 2014 2:23 PM Flag

    In case you're wondering, no, I didn't buy in 1993, just making the point that an argument can be skewed by choice of reference point. I bought 3 lots from 2006-08, have a cost basis of about $21, 2000 shares, for an unrealized gain of almost $18,000. Plus I've collected $1500-2000 per year in dividends, another $12,000 or so. For me, this has been a VERY good investment. A real success story. Looking forward to holding the three companies PFE will divide itself into. Wonder which will get the new cancer-immuno drug.

    Sentiment: Buy

  • Reply to

    This company is a massive failure.

    by wftglo Nov 17, 2014 10:22 AM
    chickenguy_nc chickenguy_nc Nov 17, 2014 2:14 PM Flag

    OR, in 1993 it was $4.83 and share, and in the last 20 years it has increased in value by almost 7-fold, a very FORWARD performance. In addition, you've collected 14 years of dividends which, had you reinvested, would have you showing a modest profit. And, you could have sold at any time, taken your loss, and moved into something else. Sorry for your disappointment, but it's a bit overstated and disingenuous - you've had access to all the information needed to make decisions. Maybe you should turn your finances over to an advisor who would know when to sell and move on. There are poor investments and poor investors. What was your rationale for holding for 14 years, when the stock moved down for 10 of them?

  • Reply to

    Dividend Increase

    by chicago1957 Nov 1, 2014 7:44 PM
    chickenguy_nc chickenguy_nc Nov 4, 2014 11:10 AM Flag

    Wait, wait, don't go. Was it something I said? We can work it out. It's not you, it's me. Oh, and just in case your HITS IGNORE doesn't work - I did answer your question. In the second sentence of my first response. THEN I pointed out that you should be able to gather this sort of information on your own, especially if you own more stocks than I can even imagine - and I can imagine some pretty large numbers. Anyway, it's been fun talking with you. "arrogant wannabe'? Moi?

  • Reply to

    Didn't see it coming, don't understand it

    by chickenguy_nc Nov 3, 2014 12:36 PM
    chickenguy_nc chickenguy_nc Nov 3, 2014 1:03 PM Flag

    Ochs, Congratulations, looks like you started a rally. Keep up the good work.

  • No news, light volume, I thought RF would remain in a $9.25 trading range until there was some strongly positive news. This almost seems like a stealth move by fund managers, slowly building a position, willing to pay increasing prices. Glad to see it, getting closer to where I'll start thinking about selling part of my position, but really puzzled. No real movement right after the quarterly report, why now? Maybe it's just a rising tide floating this boat along with all the others, but that doesn't fit today's action. Thoughts?

  • Reply to

    Chickenguy

    by chicago1957 Nov 2, 2014 1:42 PM
    chickenguy_nc chickenguy_nc Nov 3, 2014 11:56 AM Flag

    Well, if you say I have to go, I guess i have to go. I mean, you're the Board Boss, right? And you're certainly too quick witted and sharp-tongued for me to keep up with. Wow, "parents basement" and "Library's computer" - how do you ever think up such novel insults? You must be really bright, even if you can't figure out how to look up a stock's dividend history, or type on an I phone (what other toys are you proud of?), and we all wish you would share your "allot" of stocks list with us. You know, so that we could learn from the Boss.

  • Reply to

    Chickenguy

    by chicago1957 Nov 2, 2014 1:42 PM
    chickenguy_nc chickenguy_nc Nov 2, 2014 3:31 PM Flag

    Okay, so is 6 months near future, or not? Are you a JNJ shareholder, or not? In the time you spent posting two messages on the board, you could have learned everything you need to know to make a buy, hold, or sell decision. And, for the record, "allot" means to distribute according to some rule. "A lot" would mean many companies.

  • Reply to

    Dividend Increase

    by chicago1957 Nov 1, 2014 7:44 PM
    chickenguy_nc chickenguy_nc Nov 2, 2014 12:03 PM Flag

    Okay, so is 6 months near future, or not? Are you a JNJ shareholder, or not? In the time you spent posting two messages on the board, you could have learned everything you need to know to make a buy, hold, or sell decision. And, for the record, "allot" means to distribute according to some rule. "A lot" would mean many companies.

  • Reply to

    Dividend Increase

    by chicago1957 Nov 1, 2014 7:44 PM
    chickenguy_nc chickenguy_nc Nov 2, 2014 9:48 AM Flag

    If you're saying that you're asking, as a long time share holder, you're certainly not a very observant long time share holder. I'm not sure how far back it goes, but at least since 1998 there has been a dividend increase every year, starting with the May dividend. So that's at least 16 years of annual dividend increases, every time beginning in May. How could you not know that? How could you not know how to find that information with about two mouse clicks? In any case, if May qualifies in your long term view as near future, then yes is the answer to your question. If 6 months doesn't qualify as near future, then no is the answer.

  • Reply to

    Does anyone on this board care about Pfizer?

    by scjohnson4047 Oct 28, 2014 10:36 AM
    chickenguy_nc chickenguy_nc Oct 30, 2014 9:25 AM Flag

    As far as I know, there is no way to target an insecticide specifically to pine beetles. Which means that all beetles would be killed in the sprayed area. You may not appreciate what that would mean, but it would be a total environmental disaster, because beetles are among the most numerous organisms on earth, and they are 99.999% beneficial. Two factors are changing the world. One is climate change, whether man-made or not, the gradual warming has already allowed many species to move into areas where they couldn't survive before, and out of areas where they can no longer survive. The other is massive, constant movement of goods from every part of the world to every other, carrying with them many species that will survive wherever they land. These two factors mean that the world is becoming much more uniform in terms of distribution of flora and fauna, and we will just have to let the scenario unfold. Many of the species, like you pines, that we hold dear will not be able to survive in this new world, because of pressure from predators that they did not evolve to withstand. Aerial spraying of pesticides - how many trillions of gallons of poisons would you want to spread around - will not stop what is happening.

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