Can ABT reopen the baby formula plant now?
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I had a feeling that one would get resolved pretty fast with the press this has been getting.
Abbott is a class act company... it was probably some sawed off little caesar type from OSHA that spotted a fire extinguisher that didn't have the current inspection tag on it and the plant manager got snooty with them.
"We'll show you" said the Caesar.
Or something stupid like that.
Like I said, Abbott is a class act.
Whatever it was, rest assured it was bs.
They have been making baby formula forever.
It's trusted around the world.
Joe made a few calls and whatever they did wrong allegedly, I can promise that plant will be up and running 3 shifts by this time next week.
Abbott's a good stock Stoney. Will we see $140 again this year? Naaaa.
But grannies around the world love it.
Use the DRIP, they've never not raised their dividend in like a 100 years.