Southeastern's Ross Glotzbach discusses the firm's investment in Abbott Labs.
Summary: Southeastern bought Abbott Labs (
ABT) last year, after meeting the CEO and checking out his background. Purchased shares during the market turmoil of last summer. Abbott was a superior choice to Campbell’s Soup (
CPB), and used proceeds of sales of that company to buy more Abbott. Since then, Abbott has appreciated while Campbell’s has languished.
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