kimbottles wrote:kdh wrote:Tim Ford wrote:From a purely self-interested, damn the flat-brim STi owner forum participants, and full speed ahead, think it's a good time to pick up 100 shares of Abbott Labs (ABT) ? Seems like an opportunistic opportunity....where's kdh when I need him?

Where's kdh? Stuck at home like the rest of you guys.
On ABT. I don't fucking know. Literally the only thing I know about market timing is to buy when everyone else is selling. I was way early this time, but still have some powder in the keg with which to be late. I just buy the index.
Just a cursory read, ABT could get 1.8b/yr from the new test in the context of $30b/yr in annual revenue. Not bad but analysts cite a slowdown in other revenue sources. I'd call it a COVID-19 hedge. I'm generally not enamored of these Peter Lynch style plays. For what it's worth from what I could tell from my stint at Fidelity Peter wasn't either other than as a way to tell stories and write a book. Quants are neutral on it.
I am with Keith, I only own Index Funds.
Good stuff, thanks fellows.
Funny in that just before the S hit the F, I went to a big event, 500-600 people, with the spousal-unit that's called "BrainsPark", a community event for her school where folks can opt for a wide array of presentations. For grins I attended a session about hedge funds given by a young guy who graduated with my older kid from that-there school.
His was basically about his firm, e.g., sort of a 50 minute advert for his biz. But in the spirit of truth in advertising he presented a lot of data showing how the firm's hedge management had largely under-performed vis a vis the S&P and other index funds over the past 15-20 years (obviously before things went really south - I think the DJA stood at 25.8 that day).
Not sure the V-shaped recovery is in store for everyone...but we can ride this out for while, that's fer sher.