Southeastern's Ross Glotzbach discusses the firm's investment in Abbott Labs.
Summary: Southeastern bought Abbott Labs (ABT, Financial) 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, Financial), and used proceeds of sales of that company to buy more Abbott. Since then, Abbott has appreciated while Campbell’s has languished.
The complete audio is here.
Summary: Southeastern bought Abbott Labs (ABT, Financial) 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, Financial), and used proceeds of sales of that company to buy more Abbott. Since then, Abbott has appreciated while Campbell’s has languished.
The complete audio is here.
