(08-19-2019, 05:23 AM)rayray Wrote: No Fenders, I'm okay! And I always appreciate your posts!

I believe there's many right ways to invest--it's just important to find one that fits.


I'm also impatient, usually or have in the past invested a bit too early, not that it was the wrong stock to buy but just a little too early! lol....That's why I've been waiting a little longer to buy something and I'm okay investing smaller amounts. Being a value investor tends to be painful at times, sometimes longer then I like but with time it usually works out.

(08-17-2019, 05:23 PM)vbin Wrote: A bunch of folks here including me have bought ABBV recently. I have been giving it a good thought and would like to hear what folks think about 3 issues I see

1. Their debt
2. 50% of sales coming from Humira whose parents will expire soon.
3. Recent purchase of AGN

(08-19-2019, 09:22 AM)DividendGarden Wrote:

(08-17-2019, 05:23 PM)vbin Wrote: A bunch of folks here including me have bought ABBV recently. I have been giving it a good thought and would like to hear what folks think about 3 issues I see

1. Their debt
2. 50% of sales coming from Humira whose parents will expire soon.
3. Recent purchase of AGN

I'm curious on people's thoughts about ABBV, also.

(08-19-2019, 10:25 AM)fenders53 Wrote: My thoughts are this is not a slam dunk.  #2 is my biggest concern.  Replacing a blockbuster drug is not automatic and that is why #3 occurred.  ABBV inherited their aristocrat status from ABT so their inclusion i the club is meaningless to me.  The political pharma hate-fest is just getting started with election coming.   

Personally I want a position but not convinced it couldn't go lower.  I want to enter as cheap as possible.   I am selling puts and so far they expire worthless.  I'll collect the premiums and keep doing it until I am forced in as low as possible.  Just in case it turns out like PFE.  I rode that dead horse for 15+ years waiting for a recovery.  IMO ABBV is not a no brainer all will be surely well in a couple years proposition, though that is how DGI folks seem to regard it.       

So I'm cautiously optimist or I wouldn't be trying to enter yet.  I was amazed folks were interested a year ago.  It seemed obvious to me it was a gamble. It looked like a yield trap to me. It looks better from here.

(08-19-2019, 11:17 AM)Otter Wrote: Big Pharma stocks seem to rotate turns getting taken out to the woodshed. I remember the 2000s, when LLY was deeply unloved. It has been one of my best-performing holdings of this decade. I prefer to own a broad basket of them, without having too much concentrated in any one holding.

(08-19-2019, 11:30 AM)vbin Wrote:

(08-19-2019, 10:25 AM)fenders53 Wrote: My thoughts are this is not a slam dunk.  #2 is my biggest concern.  Replacing a blockbuster drug is not automatic and that is why #3 occurred.  ABBV inherited their aristocrat status from ABT so their inclusion i the club is meaningless to me.  The political pharma hate-fest is just getting started with election coming.   

Personally I want a position but not convinced it couldn't go lower.  I want to enter as cheap as possible.   I am selling puts and so far they expire worthless.  I'll collect the premiums and keep doing it until I am forced in as low as possible.  Just in case it turns out like PFE.  I rode that dead horse for 15+ years waiting for a recovery.  IMO ABBV is not a no brainer all will be surely well in a couple years proposition, though that is how DGI folks seem to regard it.       

So I'm cautiously optimist or I wouldn't be trying to enter yet.  I was amazed folks were interested a year ago.  It seemed obvious to me it was a gamble.  It looked like a yield trap to me.  It looks better from here.

Selling puts is how I also got it this time. Had sold some put a day before ex-div so avg is approx ~$68 for me.

I agree with u that high possibility of further pullback and I am interested to add more below $60. You raised the same concern over HUMIRA but no one seems to justify that why it will be fine in couple of years. To me that's a big gray area post 2023 where I am trying to get clarity.