Wednesday, October 22, 2008

Sell 'Quality' -- ABT

here's a stock that hasn't crashed yet:



Abbott's $12 billion in debt with an optimistic forward P/E ratio of close to 15. what is this, 2007 here?

for whatever reason, the share price has been held up for a year and a half. behold the distribution! yeah I'm sure people are saying 'yeah but this is a good company!' maybe. but if it's such a good company, why is it 12b in debt? it'll be a better company when it's trading at $30 a share.

if it closes above 60 I'll concede error.