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Abbott Laboratories Message Board

richoncat 76 posts  |  Last Activity: 4 hours ago Member since: Nov 24, 2006
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  • Reply to

    Disconnected from fundamentals

    by feru012 Jun 8, 2014 10:18 PM
    richoncat richoncat Jun 9, 2014 10:44 PM Flag

    Thanks, but don't bother defending me against this guy. He's just a sour #$%$. But thanks anyway.

    Sentiment: Hold

  • Reply to

    Caterpillar consolidating 3 more Plants

    by ray839 Jun 9, 2014 10:15 AM
    richoncat richoncat Jun 9, 2014 10:42 PM Flag

    This was long coming. The logistics between the old Anchor Coupling plants was nuts. Anchor never had the capital to consolidate the plants. CAT was sympathetic to the locals for several years. They'll expand the Menominee plant to accommodate everything Anchor does. Just makes good business sense. I feel bad for the employees in Dixon and Sterling but it shouldn't be a surprise. Many may relocate to Menominee. Probably better to live in Michigan than Illinois anyway.

    Sentiment: Hold

  • Reply to

    Disconnected from fundamentals

    by feru012 Jun 8, 2014 10:18 PM
    richoncat richoncat Jun 9, 2014 8:55 AM Flag

    OK $114.50 high on Feb 21, 2012.

    Sentiment: Hold

  • Reply to

    Disconnected from fundamentals

    by feru012 Jun 8, 2014 10:18 PM
    richoncat richoncat Jun 9, 2014 7:42 AM Flag

    Stocks trade on future expectations. What will sales and profits be next year? Mining can't go down much more. The worst is in. The issues you cite were priced in last year when the stock traded at $85 down from $120.

    Sentiment: Hold

  • Reply to

    Accounting Practice by CAT

    by dhar06 Jun 4, 2014 8:01 PM
    richoncat richoncat Jun 5, 2014 7:34 AM Flag

    What a BOZO. You have no idea what you're talking about. Any transfer to a dealer is a SALE, just like automobile companies. CAT does nearly 100% of their business through licensed dealers, been that way for 85 years. Frankly the only entity CAT does business directly with is the US government. Any transfer from a CAT facility to a Caterpillar Parts Depot is not a sale. Those depots are owned by CAT. All the inventory in them is owned by CAT. The inventory is placed there so it can be quickly distributed to multiple dealers. Any transfer from a depot to a dealer is a sale governed by the laws under which the sale is made. Fact. Go finds another windmill to tilt.

    Sentiment: Hold

  • richoncat richoncat Jun 4, 2014 7:46 PM Flag

    But the inflation as a result of unjustified wage increases will cause all goods and services to increase in price. Paying more than justified wages for unskilled labor may sound charitable but small business operating on slim margins cannot afford it. They'll pass along the increase and everything will cost more. It's not government's job to set wages. Let the market decide what it can afford. Or let's just adopt a socialist approach and everybody shares equally. We know how that turns out.

    Sentiment: Hold

  • richoncat richoncat Jun 4, 2014 3:06 PM Flag

    Fine then a loaf of bread and a gallon if milk will cost $5 ea. Forget about fast food, $7.50 for a Big Mac? It'll never happen. As soon as the under class bids themselves out of the market they'll have no jobs. Let's just invite more undocumented workers into the country to work for cash. Who in their right minds would pay an illiterate teenager $15 an hour for simple menial tasks? Get an education and earning superior wages for superior skills. Pushing wages up from the bottom by dictate will never work. You've got to pull them up with skills.

    Sentiment: Hold

  • Reply to

    Richoncat pees sitting down

    by messageboardspam May 31, 2014 2:13 AM
    richoncat richoncat May 31, 2014 8:56 PM Flag

    Yeah but my 6% gain is on a base 100,000 times larger than yours. I don't have to swing for the fences to make a handsome living, I only need to make an income larger than my expenses and my net worth will grow forever. I'll outperform you on a gross basis for the rest of our lives.

    But I'm not here to compare my situation to anyone else's. Sure I had a lot of luck, worked hard and invested during an exciting growth period. But more importantly, I want to encourage folks to educate themselves and their kids and live within their means. Ignorance and debt will guarantee a miserable life.

    Sentiment: Hold

  • Reply to

    Richoncat pees sitting down

    by messageboardspam May 31, 2014 2:13 AM
    richoncat richoncat May 31, 2014 4:36 PM Flag

    Yeah he obviously loves me. Easy to be a tough guy on an anonymous message board. So be it.

    Sentiment: Hold

  • Reply to

    Richoncat pees sitting down

    by messageboardspam May 31, 2014 2:13 AM
    richoncat richoncat May 31, 2014 7:57 AM Flag

    Those comments are certainly going to help move the discussion of CAT's business forward. But thanks for the kind thoughts. Hope you have a fine weekend as well.

    Sentiment: Hold

  • Reply to

    Randy is a knucklehead!

    by cat_2_75 May 30, 2014 9:21 AM
    richoncat richoncat May 30, 2014 9:01 PM Flag

    I suspect he was in charge of CAT's installation of SAP operating software and it's not going well. CAT paid a fortune for SAP's software but the integration was always viewed as being nearly impossible. CAT's home grown software was archaic but it was developed with CAT's culture and operations methodology as a guide. Taking tools away from people and telling them to live with what SAP provided was never going to work in my opinion. His departure may be related to that, maybe not. Just sayin'.

    Sentiment: Hold

  • richoncat richoncat May 30, 2014 3:52 PM Flag

    I'm in the Caribbean on vacation and just stopped in the room to escape the sun for a few minutes and felt compelled to see what kind of drivel you've been writing. Sure enough you haven't disappointed me. The chances you you picking the right two days to make 9% in two days without ever losing that much over two other days is just about zero. Nobody can randomly pick the up days from the down days consistently. If you could you'd be working the trading floor in NY or Chicago.

    As far as my short term trade is concerned, who cares? That trade added about a buck and a half to my overall cost basis for an average of $43. I thought the chart looked good and tried a short term trade I normally wouldn't do. I could have put a stop under but why bother. Overall I never got much below an double and I'm working towards a triple.

    Of course I stand by my call that you most frequently remind us about. I'm not at all worried about Lucy yanking it away. I have a handsomely diversified portfolio that pays me to retire, vacation, golf, play with my toys, take care of the family and make enough money in the market to pay for it all. I'll stick by my thesis, (which I borrowed from W. Buffett); buy stock in good companies at value prices and hold for practically ever. They pay you to own them and grow handsomely throughout your lifetime. Has worked just fine for me. So go play your TZA or whatever and hope you can guess what days will be up and which will be down. That's just all noise to me. Adios. IGNORE.

    Sentiment: Hold

  • Reply to

    Randy is a knucklehead!

    by cat_2_75 May 30, 2014 9:21 AM
    richoncat richoncat May 30, 2014 12:29 PM Flag

    My guess is his signing option bonus just vested and he's headed to greener IS pastures. For sure CAT is not one of the IS industry's glamour jobs. Google, Amazon, even Yahoo and eBay are more high profile CIS jobs. But CAT? Not. He'll pocket a $mill from his options and move on. Who knows with only a days notice he might have been canned but allowed to resign to keep his resume clean.

    Sentiment: Hold

  • Reply to

    MM are keeping this #$%$ still above $103.00

    by dhar06 May 29, 2014 3:18 PM
    richoncat richoncat May 29, 2014 6:34 PM Flag

    If they lost a contract, as I've said before, CAT is willing to let another company win a bad deal. They do not believe Siemens can meet the top speed specifications with a low horsepower engine.

    There will be no undisclosed tax payments or penalties. All material financial information must be publicly revealed. There are no secrets. If the government decides to change the tax laws retroactively, they will pay what they owe. There are no secrets.

    Finally the stock is priced where the market thinks it should be priced. If you've only followed this company for even just a few business cycles you'd know that CAT's stock always anticipates improving conditions and discounts deteriorating conditions well before the change actually happens. Hence the title "Bellwether" company.

    Sentiment: Hold

  • Reply to

    What is with all the reconfirming and reiterating???

    by cat_2_75 May 28, 2014 10:57 AM
    richoncat richoncat May 28, 2014 11:59 AM Flag

    Because the analysts are paid to make recommendations. If they don't advertise their positions how would they attract new money? "I think I'll give my money to this Bozo that has no track record. He's got nice hair, that's good enough for me." Right.

    Sentiment: Hold

  • richoncat richoncat May 28, 2014 10:22 AM Flag

    Mining can't stay ugly forever. The world is still growing and that growth is fueled by stuff dug up from the earth. It's only a matter of time. Construction Industries is growing swiftly, Energy and Transportation is doing well. When we get a turn around in the Mining group watch out.

    Some will say the best is behind us, what an egocentric position that is. Our kids will be smarter than we are and their kids will be smarter yet. There will always be an underclass that doesn't participate but that for the most part is their choice. Drop out and be left behind. In today's world there is a way to get and education if you're willing to work for it. Granted, if a child is raised in an environment where education is not valued they have little chance of see the potential fruits of their labor. They'll fall into the entitled class and never contribute.

    Not sure how the battle between the teachers unions and the anti-NRA turns out. Do we need to outlaw guns or spend more money on education to quell the violence. Not sure either will work. Outlaw guns and only the criminals will be armed. Hiring more teachers will not teach James to read if he doesn't go to school. It starts with parents that care about their kids. You have to be present to parent.

    Sentiment: Hold

  • Reply to

    Target Price

    by sayuthink May 22, 2014 1:53 PM
    richoncat richoncat May 23, 2014 4:00 PM Flag

    CAT will not split their stock at this level. It was near $120 in '11 and '12 and they didn't split. There was a time when CAT split almost every time it got over $100 but that's just an added expense many companies don't bother with anymore. Maybe when it gets closer to $200 they'll consider it but I'd be surprised if they announce a split before that. JMHO.

    Sentiment: Hold

  • Reply to

    Short Interest

    by the.croupier May 23, 2014 1:05 PM
    richoncat richoncat May 23, 2014 3:55 PM Flag

    Because they lost their #$%$!

    Sentiment: Hold

  • Reply to

    Zacks, Cramer, and Rich

    by cat_2_75 May 21, 2014 5:08 PM
    richoncat richoncat May 21, 2014 7:06 PM Flag

    Dude, I worked for CAT for 36 years, retired at 56 as a multimillionaire. Study their chart. It's a simple trade. Accumulate during economic downturns, hold during the recovery, sell into the froth near the top. I'm not forecasting what CAT will do tomorrow, I think that's equivalent to gambling. Now if you're suggesting that we're close to another worldwide recession, then sell to your heart's content. But my view is US is still in a long term recovery mode. Europe has bottomed and will grow from here. China has tapped on the brakes to curb speculation and inflation, but 7ish% growth is still outstanding. They've got a billion people moving from rural to urban areas. Probably the largest migration in human history. There is still more undeveloped area than developed in the world. If you've bothered to travel outside your neighborhood you'd see that.

    My take has been dead consistent for 30 years. I think the world needs what CAT sells. They're the clear leader in their industry. They will recover as they have every economic cycle for 3 decades. The stock has moved from being range bound at $85 +- $3 for a 18 months to $100+ in five months and there is no evidence of sales acceleration yet. What do you think will happen once Sales to Users data turns positive. Bet against them at your own risk. Good luck.

    Sentiment: Hold

  • Reply to

    Zacks, Cramer, and Rich

    by cat_2_75 May 21, 2014 5:08 PM
    richoncat richoncat May 21, 2014 6:42 PM Flag

    That's 0.6% of daily volume. You really think that'll move the needle tomorrow AM?

    Sentiment: Hold

ABT
42.89-0.08(-0.19%)Jul 24 4:02 PMEDT

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