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Vita Nelson: DRIP expert votes for Abbott (ABT)

Posted Sep 17th 2009 10:00AM by Steven Halpern (RSS feed)
Filed under: Newsletters, Abbott Laboratories (ABT), Stocks to Buy

In her The MoneyPaper, editor Vita Nelson looks to stocks offering dividend reinvestment plans. Here, she highlights Abbott Laboratories (NYSE: ABT) as a featured holding in her model portfolio.

"Abbott is a diversified, multinational, health care firm.The shares have not responded to the recent stock market rallies in part due to the defensive nature of health care stocks.

"Uncertainty regarding health care reform is also a factor in the static share price of recent months. ABT shares are now trading below 11 times 2010 earnings estimates, compared with about 15 for the S&P 500.

Continue reading Vita Nelson: DRIP expert votes for Abbott (ABT)

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Last updated: May 27, 2012: 10:45 PM

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