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Abbott Laboratories Message Board

klebad 4 posts  |  Last Activity: Jan 23, 2015 6:35 PM Member since: Feb 3, 2009
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  • Reply to

    Will be dumped below $80 tomorrow

    by cpasific Jan 22, 2015 5:27 PM
    klebad klebad Jan 23, 2015 6:35 PM Flag

    I made 3 buys in the first half of 2008 between $16.28 and $18.35. The low point was Nov 20, 2008 at $7.17. It bounced around in the mid $8 and $9 range and then went down to $8.36 on March 6, 2009. Those were tough times to hang in the market.

  • Reply to

    Will be dumped below $80 tomorrow

    by cpasific Jan 22, 2015 5:27 PM
    klebad klebad Jan 22, 2015 6:59 PM Flag

    Check the after-hours action. Currently over $86. Very nice bump. So glad I hung on through the tough times.

  • Reply to

    If great deal why wasn't ABBV up 15%?

    by ramstocks Dec 23, 2014 9:26 AM
    klebad klebad Dec 23, 2014 11:36 AM Flag

    Better to have competition and innovation than have Congress impose price controls that only stifle progress and innovation.

  • Reply to

    ********So typical*********

    by number_16 Sep 16, 2014 8:08 PM
    klebad klebad Sep 17, 2014 3:52 PM Flag

    I found a few tax articles state that pension funds to not pay capital gains taxes which makes the suit an odd one. Maybe they are looking out for their member that hold AbbVie in a taxable account. For those that do have AbbVie stock that puts them in a position to be liable for capital gains taxes, it would seem that they are simply paying now instead of later. Paying the tax now resets the basis so they will pay less in capital gains when they sell the stock of the new company. Could work out to be a wash if the tax rates remain the same. Could be a benefit if tax rates on capital gains goes up. No one likes to pay taxes but the tax will be paid eventually unless you pass it on to your heirs. Most of my AbbVie stock is in an IRA and I will be paying at my marginal rate (likely more than 15%) when I sell so the inversion doesn't have any immediate effect on me.

43.68-0.47(-1.06%)Jan 27 4:01 PMEST

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