Abbott Labs Is Cheap, Not Quite Cheap Enough
Please see my latest post, in which I do a brief analysis and valuation of Abbott Labs. Abbott has been in my portfolio since early 2010. I conclude that while my previous investments have strongly outperformed the index (I added in January 2011), right now the stock is no more than 11% undervalued, which means it is not a buy for me. I also briefly analyze the Humira situation, and conclude, as many have, that AbbVie is likely to be dumped by people after the spin-off. At that time, AbbVie may present a short-term opportunity, as pessimism may well price in all of the potential downside and then some. See the full piece here.
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