ABT: Abbott Laboratories Message Board

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Biotech / Medical : ABT: Abbott Laboratories

ABT 124.70

+0.2%

Oct 30 3:59 PM EDT

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To: HerbVic who wrote (3)	10/23/2001 12:24:22 AM
From: Paul Senior	Read Replies (1) of 33

Continuing to take profits in my long-term holding of ABT. Stock is at an all-time high and trading at 23x next year's earnings. It has a 12.7% five-year est. earnings growth rate (per Bus. Week, Oct 15, '01). If this all true, I call ABT fully-priced. Most analysts rate this stock a buy. The $800+ million dollar fine ABT and partner had to pay, didn't faze the stock price even a little bit. (Unlike the previous fines/penalties that ABT was subject to last time or two which dropped the stock price.) So, imo, there indeed may be a breakout to new highs now. I prefer to take profits now and reduce my exposure. jmo. And I've been wrong many,many times. Paul Senior

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