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Abbott Laboratories Message Board

rgchjr1945 146 posts  |  Last Activity: Nov 27, 2015 10:02 AM Member since: Sep 27, 2011
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  • Oct 12 (Reuters) - U.S. refiner Phillips 66 set a lower capital budget for 2016 and raised its share buyback plan.

    The company said on Monday it would spend $3.6 billion in capital expenditure next year, excluding Phillips 66 Partners' capital program.

    The company's capital budget was $4.6 billion for the current year, which included $200 million for Phillips 66 Partners, according to a Simmons & Co analyst.

    Of the total budget, the refiner plans to invest $2 billion in its midstream business and $1.2 billion in its refining operations.

    The company is building a liquids export terminal at Freeport, Texas, expanding its natural gas liquids fractionator in nearby Sweeny and investing in several pipeline projects.

    Phillips 66 also raised its share buyback by $2 billion to $9 billion.

    Chief Executive Greg Garland said the company planned to increase dividends in 2016.

    The company's shares were up slightly at $83.67 in morning trading on the New York Stock Exchange. Up to Friday's close, the stock had fallen 16.5 percent this year.

  • Reply to

    Seasonal freight

    by jkprice Oct 7, 2015 11:28 AM
    rgchjr1945 rgchjr1945 Oct 9, 2015 9:52 PM Flag

    I am familiar with the whole Canadian situation. Farmers tried to blame the railroads from bad winter weather when they held the grain out and then wanted to ship it all at once. I knew that we would have these problems with farmers and prices when a couple of years ago farm land for agriculture (not to build houses) was changing hands at record prices. High commodity prices attracted more planting.

  • Reply to

    Seasonal freight

    by jkprice Oct 7, 2015 11:28 AM
    rgchjr1945 rgchjr1945 Oct 9, 2015 4:11 PM Flag

    It takes about 6 months to move all the grain Oc - Dec is obviously the strongest but a lot is moved in Jan - Mar. A lot also depends on pricing because there is vast amounts of storage capacity in the US and farmers can hold on for better prices. There was a lot shipped this year in Sep substantially more than in the past 3 years. Coal shipments stink along with pricing for its shipment.

  • WEC Energy Group Inc. is putting up for sale a network of compressed natural gas fueling stations it bought this summer.

    Building CNG stations around the country doesn't fit the risk profile for the Milwaukee-based parent company of Upper Midwest utilities, so the business, known as Trillium CNG, is for sale, a company spokeswoman said.

    The Trillium business operates 66 public stations around the country, as well as 43 private stations that are used just by one trucking customer.

    The Trillium network of stations has expanded around the country in recent years, investing in CNG stations from coast to coast.

    Its assets are valued at about $140 million. Trillium has 111 employees in 15 states.

    Company spokeswoman Lisa Prunty said she didn't have specific information about how long the sale process would take place.

    WEC Energy Group has hired Barclays and Lazard as financial advisers to assist with the sale. About 40 companies involved in the CNG industry have expressed some interest, Prunty said.

    Trillium was a business shepherded by Chicago-based Integrys Energy Group until WEC bought Integrys this summer for $9.1 billion in cash and assumed debt.

  • rgchjr1945 rgchjr1945 Oct 7, 2015 5:54 PM Flag

    All 4 previous splits going back 1972 were 2 for 1. PLus most stock today is held by institutions and they don't care about splits.

  • rgchjr1945 rgchjr1945 Oct 7, 2015 5:54 PM Flag

    All 4 previous splits going back 1972 were 2 for 1. PLus most stock today is held by institutions and they don't care about splits.

  • Reply to

    Divy Increase

    by princprospero Oct 6, 2015 2:44 PM
    rgchjr1945 rgchjr1945 Oct 7, 2015 5:44 PM Flag

    The last 3 years the X-dividend date was the 2nd Wednesday in November. Record date is 2 days later. The declaration date seems to be either the 1st or second business day of November. Looks like this is the quarter where they usually raise the dividend. Even though things have not been going well I would expect something in the order of 1 or 2 cents increase per quarter. Do not think they will want to end 58 year string of yearly dividend increases The earnings release date is also around November 3rd.

  • NEW YORK (TheStreet) -- Abbott Laboratories (ABT - Get Report) stock is increasing by 1.73% to $40.58 in mid-morning trading on Wednesday, after the company was upgraded to "overweight" from "equal weight" at Barclays.

    The firm, however, lowered its price target to $52 from $55 and reduced its 2016 earnings estimates to $2.36 per share from $2.43.

    Abbott's fundamentals are strong and could lead to top-line growth, despite competition, foreign exchange and other factors, Barclays said in an analyst note.

  • Reply to

    About 2 more weeks

    by underpar2014 Oct 5, 2015 2:01 PM
    rgchjr1945 rgchjr1945 Oct 7, 2015 10:51 AM Flag

    Last year the declaration date was Thursday 10/16. The 4 years before that it was always a Monday 10/21, 10/24. 10/22 & 1021 respectively. Wonder why they changed?? Anyway, I will guess that the increase will be 4 cents per quarter or 36 cents ($1.44 per year) which would be just over 2% at current price. I was trying to figure out their payout ratio. Next years earnings estimate is $3.70/share. $1.44 would be just under 40% payout. The last few years the increase has been greater but had the benefit of greater earnings increases fueled by a much weaker dollar. This is where the strong dollar hurts. VFC has a large overseas presence.

  • rgchjr1945 rgchjr1945 Oct 6, 2015 10:43 AM Flag

    His son is not going to take over the company. He will be the non-CEO chairman and basically make sure that no one screws up what Warren built. Howie is currently on the BOD.

  • rgchjr1945 rgchjr1945 Oct 5, 2015 10:05 AM Flag

    Why do people shoot their mouths off when they have absolutely no idea what they are taking about. Buffet has 3 children. All are millionaires and run charitable trusts set up by either Warren or his wife who is deceased. His son Howie is a successful farmer and on the board of directors of Berkshire. When Warren is gone his son Howie will become the non-CEO chairman of the board to make sure a new CEO doesn't screw up the company.

  • Reply to


    by mike213143214 Sep 29, 2015 12:00 AM
    rgchjr1945 rgchjr1945 Oct 3, 2015 4:05 PM Flag

    Sitting here on a rainy afternoon watching college football and checking boards for actual info rather than trolls selling penny stock BS. I have owned TIS for a few years and prior to the new CEO and the expansion. I am retired, been investing for 45 years and listen to all the conference calls. I believe they brought in the CEO because he is an industry veteran with a lot of contacts. That is how the California JV came into being with the Mexican company. That company was having difficulty getting into the US because of distribution. Because they are on the boarder their effect reach was not that good. The TIS model is 750 mile radius and from Oklahoma they cover a big area. By selling to dollar stores and other chains you need to have a wide range of distribution because those stores want some diversity but do not want to deal with a lot of local manufacturers. That is where TIS came in out west because they can sell to the same national chains. The SC plant is also part of this strategy. They can reach most of the populated part of the US from 3 plants. They cannot get to the Pacific NW or from NJ/PA north along the Atlantic sea board. Once everything settles down I would not be surprised to see a deal to get a plant in New England.

    A second part of the strategy is to make higher quality product and thus be able to sell up to higher income customers. I had an idea back a couple years ago that things were going to take off when they incurred significant storage cost because volumes were picking up. Then the up grade announced in Oklahoma followed by the new CEO. I think a lot of investors did not understand where they were heading and thus the sell off. Allowed me to pick up more stock at low prices. The $1.40 dividend is also nice. Finally, with the exchange rates killing a lot of stocks in the personal care/paper space you do not have to worry about growing local sales with declining revenues stated in US dollars. There are no Venezuelas.

  • -- Company files for approval for three large-scale solar projects
    -- Construction would create 960 jobs and $74 million economic benefit
    -- Renewable energy facilities would be ready to serve customers by December 2016
    PR Newswire Dominion Virginia Power
    October 1, 2015 1:45 PM
    RICHMOND, Va., Oct. 1, 2015 /PRNewswire/ -- Dominion Virginia Power today proposed to build 56 megawatts of large-scale solar facilities that would begin producing renewable energy by December of 2016.

    The company filed with the Virginia State Corporation Commission (SCC) for certificates of public convenience and necessity for three separate solar projects that would be located in Powhatan, Louisa and Isle of Wight counties.

    "These three projects represent the next step in Dominion's commitment to build 400 megawatts of large-scale solar by 2020," said David A. Christian, chief executive officer for Dominion Generation. "Combined with our proposed solar facility near Remington, we are expecting to build 76 megawatts of solar in 2016 as we continue moving forward to put more renewable energy on the grid for our customers."

    The three projects were shown to be beneficial to customers as a result of a competitive Request for Proposals (RFP) the company issued in July.

  • Reply to

    Atlantic Coast Pipeline

    by bill.polk79 Oct 1, 2015 12:47 PM
    rgchjr1945 rgchjr1945 Oct 2, 2015 2:00 PM Flag

    Thanx. I found the article and read it. With all the opposition what are the chances of the line being built. Everyone wants clean energy but no one wants the pipeline near them. At some point the clean air act is going to trump the NIMBYs.

  • As many as 18 brokerage firms have rated Union Pacific Corporation (NYSE:UNP) at 1.44. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. The stock garnered a place in the hold list of 4 stock Analysts. 14 analysts rated the company as a strong buy.

    Union Pacific Corporation (NYSE:UNP): The mean estimate for the short term price target for Union Pacific Corporation (NYSE:UNP) stands at $108.13 according to 16 Analysts. The higher price target estimate for the stock has been calculated at $120 while the lower price target estimate is at $95.

    Many analysts have commented on the company rating. Major Brokerage house, Bank of America maintains its ratings on Union Pacific Corporation (NYSE:UNP). In the latest research report, Bank of America lowers the target price from $106 per share to $102 per share on the shares. According to the information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on September 11, 2015.

  • rgchjr1945 rgchjr1945 Oct 1, 2015 10:50 AM Flag

    So it's not just supply and demand. Are politics and trader positions also part of the equation?

  • Reply to

    Steady, steady yielding more that 4%.

    by ssat1234 Sep 23, 2015 11:58 AM
    rgchjr1945 rgchjr1945 Oct 1, 2015 10:45 AM Flag

    So this begs the question, what would you do to turn things around??

  • Reply to

    Payout ratio

    by hiker200055 Sep 23, 2015 4:19 PM
    rgchjr1945 rgchjr1945 Oct 1, 2015 10:06 AM Flag

    The only problem with these C cop sponsored MLP's is that they have traded off big time during this recent market correction and it is hurting the growth of both the C corp and the MLP because when they issue units they get less for them than expected. Between some of the cash flow, unit sales and MLP bonds they expect to grow the pie. The C corp also can issue stock and debt instruments. NEE has run into a problem in funding a project due to the value of NEP but because it is a very strong company it is working around it. D is actually buying some DM units back because they are so cheap. Here they are supporting the price but now have those units to resell when the market turns. SE laid out a plan earlier this year and reaffirmed the numbers in a mid September analyst's conference that SE attended to tell their story.

  • Reply to

    Payout ratio

    by hiker200055 Sep 23, 2015 4:19 PM
    rgchjr1945 rgchjr1945 Sep 30, 2015 9:00 PM Flag

    He is correct. The company pays out $1.48 and earns $1.19. The payout is actually about 125%. If you look at their cash flow statement they are paying out part of the dividend from cah flow created from depreciation and some other income statement adjustments. There is a chart in their last presentation earlier this month as well as the February analysts meaning that shows that the dividend is covered by 1.2X EBIDA not earnings. They are raising the dividend in the next 2 years and the coverage will be reduced to 1.0X EBIDA. If you look at last years cash flow statement you will see that they sold $472M in stock and $418M in bonds which covered most of the dividend. Most of the $2.221B in operating cash flow went to capital expenditures. SE is using their own resources, SEP and DCP to build out as many toll road assets as they can while interest rates are low and they can lock in cheap financing. All the oil and gas found in shale in the US needed pipelines, collection fields, storage and processing plants to move the product. Most of the shale is not where the existing network reached. Down the road these capital projects will subside and SE will reap the benefits. KMI, D, NEE are doing the same thing only D and NEE have electric and gas utilities to generate earnings.

  • Reply to

    Why sharp drop today? Any reasons?

    by tyrone_you Sep 29, 2015 3:53 PM
    rgchjr1945 rgchjr1945 Sep 29, 2015 5:38 PM Flag

    The big Market cap stocks that drive the weighted S&P500 and NASDAQ100 have been mauled and killing the overall market. Any stock with a high PE is getting taken to the woodshed. UA is about 95X this years earnings estimate. Everything is being repriced. Traders and hedge funds make money both up and down so they are shorting all these stocks. Even a good earnings report may not help a stock with such high valuation. They hit the semiconductors, biotechs, mobile internet stocks and now just getting around to nail the outliers like a clothing and shoe company. In order for things to stabilize the Fed needs to raise rates and make a positive statement about moving slowly and in general a majority of companies need to have revenue growth and not financial engineering.

45.42+0.01(+0.02%)Nov 27 1:01 PMEST