What Did You Buy Today?

[fenders53]

(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.

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.